Business
Panel on corporate tax hears of opportunities and red flags
Leading auditing and taxation firm Corporate Group sought to allay concerns over the looming regime of corporate tax in the UAE while highlighting the fact that a significant number of companies face the risk of fines in the absence of timely action.
A packed hall of entrepreneurs, CFOs and accounting heads from big companies attended a panel discussion organised by Corporate Group at the Radisson Blu Waterfront hotel in Business Bay on Tuesday. The audience heard from experts in the VAT, legal and Federal Tax Authority (FTA) domains on how time is running out for businesses to comply with the registration before the June 1 deadline.
Mohamed Osman
“It is understandable that people have all sorts of questions especially when the framework of the law is still being fine-tuned by the government,” said Mohamed Osman, chairman at Corporate Group, who also specialise in audit and VAT services. “While it is true that not all are eligible or bound to pay the corporate tax rate of 9 percent, everyone has to register if they meet certain criteria.”
The UAE’s impending implementation of a 9% corporate tax is a drastic step in the traditionally tax-free country and hence vexing for many. However, some have welcomed the move even from a neutral, larger perspective.
David McCormack, Managing Director of Asset Capital Solutions who has managed more than $200 million of real estate investment for two private equity groups, said: “Countries like the UK or Australia, where I hail from, have high rates of corporate tax while it used to be zero here. However, any dealings that we did, irrespective of the merit, attracted misconceptions by many countries that we were trying to cheat on tax money. Now, that is getting out of the equation.”
Mohamed Osman addresses the panel at a Dubai hotel on Wednesday. Supplied
Abdul Salim Seyudu, technical manager at an insurance company, said: “It was an informative session on a very relevant topic. With startups and the likes from all parts of the world coming to Dubai, everyone is looking at it with their own lens and needs. I remember VAT has now been here for five years and people are still searching for answers. Similarly for corporate tax, every piece of information is helpful at events like this.”
Questions arose from the packed hall with attendees seeking clarity on how the pending changes impacts their respective organisations or businesses. Many stayed behind much after the session to address more queries to the experts. There was also demand to have more such conferences in the near future.
“Education by way of seminars and such discussions is needed,” said Luca Angiolilli, the CG Tax Director with more than 20 years of experience in various countries. “Before starting the meet, seeing the enthusiastic response, we decided internally to have more such events.”
The presence of 45 free zones and their unique position from a taxation point of view in the economic framework of the UAE has made the introduction of CT more challenging. “The UAE has 45 free zones with some more coming up and in areas criss-crossing each other,” McCormack said.
“Many of the companies have registered where they shouldn’t have. Some free zone companies have slipped into the guise of another activity, which may have gone off the radar until now. And many don’t even have the option to open bank accounts and that is a fundamentally big problem in the current development of implementing corporate tax.”
All panelists agreed unequivocally that the initiative by Corporate Group has set the conversation going in the right direction. Yet, the lack of awareness and lackadaisical approach among business houses, SME and individuals must end soon with barely a couple of months left.
Dubai continues to attract professionals, families, and digital nomads seeking long-term apartment rentals, thanks to its strong economy, modern lifestyle, and world-class infrastructure.
However, for newcomers, finding the right apartment that fits both budget and lifestyle can feel overwhelming.
Here are some of the top areas in Dubai for long-term rentals, based on tenant preferences, amenities, and rental trends:
Think luxury
- Dubai Marina
Still one of the most in-demand expat hubs, prices vary a lot by tower, view, and furnishing.
Typical rents:
Studio: Dh55,000 – 110,000
1BR: Dh75,000 – 135,000
2BR: Dh110,000 – 200,000
3BR: Dh200,000 – 350,000
Market note:
Median rent sits around Dh130,000 across unit types
Waterfront views and newer towers push prices to the top end.
Palm Jumeirah (Palm Islands)
This is a completely different tier—think luxury, beachfront, and limited supply.
Typical annual rents:
1BR (apartments): Dh 140,000 – 200,000
2BR: Dh 250,000 – 350,000
3BR apartments: Dh 500,000 – 700,000
Best for families with quality living
- Dubai Hills Estate:
Green, peaceful, and family-focused. Popular for expat families, with top schools and long-term tenant stability.
Typical rents:
- 1BR: Dh80,000–120,000
- 2BR: Dh130,000–190,000
- Jumeirah Village Circle (JVC):
Affordable, community-driven living with parks and strong rental yields. Ideal for families seeking quiet suburban life.
Typical rents:
- Studio: Dh45,000–65,000
- 1BR: Dh65,000–95,000
Best for professionals and city life
- Business Bay:
A central business hub with high demand, perfect for young professionals and entrepreneurs.
Typical rents:
- Studio: Dh60,000–85,000
- 1BR: Dh85,000–130,000
- Downtown Dubai:
Premium urban lifestyle near offices, dining, and entertainment. - 1BR: Dh110,000–180,000
- 2BR: Dh180,000–280,000
- Dubai Marina:
Vibrant waterfront living with high-rise apartments and strong rental appeal. - Studio: Dh70,000–95,000
- 1BR: Dh95,000–140,000
Best for affordable rentals and value
A practical choice for professionals working in tech or nearby zones. Known for quieter living and relatively lower rents.
International City
Remains one of Dubai’s most budget-friendly areas, popular for first-time expats or singles.
Typical rents:
- Studio: Dh30,000–45,000
- 1BR: Dh45,000–65,000
Al Barsha
Well-connected (especially via metro) and still offers decent value compared to newer developments.
Typical rents:
- 1BR: Dh70,000–100,000
- 2BR: Dh100,000–150,000
Discovery Gardens
This is firmly in the ‘affordable but spacious’ category. This neighbourhood is popular with expats who want bigger apartments without Marina-level prices.
Typical annual rents:
- Studio: Dh 30,000 – 55,000
- 1BR: Dh45,000 – 72,000
- 2BR: Dh65,000 – 110,000
- 3BR: Dh90,000 – 120,000
Market reality:
- Average rents sit around Dh 54,000 – 68,000/year, depending on unit type
- Studios start at Dh 47,000, while 2BR units can go up to Dh 110,000
- Still one of the best ‘space-for-money’ areas in Dubai, with larger layouts than newer buildings
How it compares
- Discovery Gardens: Budget-friendly + bigger units + metro access
- Cheaper than JVC and much cheaper than Dubai Marina
- Trade-off: Older buildings + less ‘premium’ feel
For expats prioritising affordability, older central neighbourhoods such as Al Karama, Bur Dubai, and Deira continue to offer relatively lower rents compared to newer communities.
On the fringe
Further savings can be found in areas like Al Qusais, Muhaisnah, and outer residential zones, where rents are more accessible, but often at the cost of longer commute times and fewer modern amenities.
Typical budget range (older areas):
- Studio: Dh28,000–50,000
- 1BR: Dh45,000–75,000
Why Dubai is still ideal for long-term rentals
- Flexible payment options (1–4 cheques or annual upfront)
- High-quality amenities (gyms, pools, parking in most buildings)
- Strong, expat-driven rental market
- Wide mix of luxury, mid-range, and budget communities
How to choose if you’re new to the city
With rising rents, the decision often comes down to trade-offs:
- Want energy and convenience? – Business Bay, Downtown, Marina
- Want space and community living? – Dubai Hills, JVC
- Want affordability? – Silicon Oasis, International City, Deira
In 2026, several residents are compromising on location to gain space or save 15–25% on rent, especially with hybrid work becoming common.
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