Dubai – Mubasher: The value-added tax (VAT) levying is not expected to have a big impact on the competitiveness in the real estate sector in Dubai, said Hazem Abu Dayak, head of sales department at Platinum Bay Real Estate.
VAT Implementation should be accompanied by additional incentives in the sector, along with more facilities for investors to reverse any possible negative impact on the market, Al Khaleej newspaper reported, citing Abu Daya as saying.
Dubai's property prices are expected to raise in the beginning of 2018, with Expo 2020 Dubai approaching, he concluded.
