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India's Income Tax Department has started contacting selected taxpayers who bought residential or commercial property in the UAE, asking them to confirm the holdings appear in their tax filings, Gulf News reported. The outreach is tied to the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), which runs until 31 December 2026. About 1,100 applications have been submitted so far. The scheme has two tracks. The first covers undisclosed assets or income up to Rs 10 million, with a 30% tax on fair market value plus an equal additional sum, 60% in total. The second covers previously taxed assets up to Rs 50 million, including purchases made as a non-resident but left off the foreign asset schedule, and can be resolved with a flat Rs 1 million fee. Assets still undisclosed after the scheme closes fall under the Black Money Act of 2015. That means a 30% tax, a Section 41 penalty of three times the tax, and a Rs 10 million penalty under Sections 42 or 43. The Rs 2 million ex...

Dubai's Executive Council approved the Urban Centres Development Plan on 27 October 2026 at a meeting held at Emirates Towers and chaired by Sheikh Hamdan bin Mohammed. Sheikh Maktoum bin Mohammed and Sheikh Ahmed bin Mohammed also attended. The plan covers 6 main urban centres and 42 sub-centres, which together make up 12% of Dubai's urban area. Spending is put at more than AED 2 billion. The government expects property in the covered areas to be worth AED 20 billion more by 2040. The Supreme Committee for Urban Planning and Dubai Municipality will run it. Two targets are attached. The share of residents living around metro stations should rise from 52% to 74%, and public service coverage from 74% to 85%. The Council also approved a Sustainable Population Planning Policy and a Digital Authorisation System run by Digital Dubai. The system works through UAE PASS and covers only low-risk services that need no notary. The names of the 6 centres and 42 sub-centres have not been ...

An investor who bought a two-bedroom, 1,100 square foot apartment at Terra Gardens in Expo City for AED 2,237,000 is weighing a sale before handover, according to an advisory case covered by The National . Completion is scheduled around 2030. The buyer has paid 20 per cent of the price plus the 4 per cent Dubai Land Department fee, which cannot be recovered on resale. Most developers require between 30 per cent and 50 per cent to be paid before issuing a No Objection Certificate for resale. Broker commissions and administrative charges would add to the cost of selling. The unit was bought in February at roughly AED 2,030 per square foot. By late 2026, comparable two-bedroom units in the development were marketed at AED 2,100 to AED 2,200 per square foot, and secondary asking prices ranged between AED 2,090,000 and AED 2,500,000. Read the full article on Doment: Selling an off-plan Dubai apartment before handover Originally published on Doment , Dubai property intelligence.

Dubai Municipality has issued its Planning and Building Requirements Guide for Shared Housing and Permitted Areas, which puts Law No. 4 of 2026 into practice. It names 44 areas where a unit may be designated for shared housing. They include Al Ras, Al Dhagaya, Al Buteen, Al Sabkha, Ayal Nasir, Al Murar, Naif, Al Rigga, Al Muteena and Al Muraqqabat. On plots fronting Baniyas Road, Sheikh Zayed Road, Jumeirah Road and Al Wasl Road, shared housing is for families only. A unit is allocated either to families or to individuals, not both. A permit is required before any room is let. It runs for one year and is renewable, an owner may request two years, and renewal must be filed at least 30 days before expiry. The law took effect on 8 September 2026. Owners and managing companies have one year to bring existing shared housing into line, with a single extension possible from the Director General. Fines run from AED 500 to AED 500,000, rising to a ceiling of AED 1 million for a repeat breach wi...

Dubai Municipality issued Circular 11-9-1 on 5 October 2026. It sets how long a Building Quality and Safety Certificate stays valid. A building aged 20 to under 40 years gets 10 years. A building aged 40 or older gets 5 years. Renewal requests must be filed within the last 90 days before expiry, and the period is counted from the date on the completion certificate. The certificate is required under Law No. 3 of 2026, issued on 10 March 2026. It applies to buildings completed 20 years ago or more, including those in private development zones and free zones such as the DIFC. Owners, contractors and engineering offices have one year from the law's effective date to comply, and the Chairman of the Executive Council can extend that. Multi storey buildings over 40 years old will be handled first. Fines run from AED 100 to AED 1,000,000, rising to AED 2,000,000 for a repeat within two years. The Municipality can also suspend building permits, freeze Dubai Land Department transactions an...

Parkin has renewed its exclusive right to run paid parking in Jumeirah Lakes Towers for 10 more years. The Parking Management Framework Agreement with the Dubai Multi Commodities Centre was announced on 21 October 2026. Neither side disclosed a contract value. The deal covers about 2,800 bays, 250 of them for motorcycles, under one operator. Parkin handles day to day operation and collects payment through digital and physical channels. It will also install solar power infrastructure at the site. Paul Ashton, chief property officer at DMCC, called the renewal another step in improving the JLT community experience. Parkin chief executive Mohamed Abdulla Al Ali described the district as an important part of the company's portfolio. Who owns the solar assets, and whether any revenue reaches residents' service charges, has not been published. Read the full article on Doment: Parkin keeps JLT's 2,800 paid parking bays for another 10 years: what owners and tenants should read ...