- Musataha Agreements are important for real estate development in the UAE
- Musataha Agreement allows individuals to use others’ land for a longer period
- Musataha Agreement grants the right to construct or develop buildings on others’ land
- UAE has introduced VAT and excise tax which will impact businesses operating in the region
- Musataha Agreement allows the holder to rent government-owned land for 10-50 years
- Musataha Agreement requires payment to landowners for land development
- VAT implications in real estate transactions are based on the nature of the land and development
- Musataha Agreement differs from real estate agreements in terms of VAT implications, registration, and nature of the land.
Source: nrdoshi.ae
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
