Fam Properties Offers No VAT Costs At City Walk Deals

This will be an exciting time for those who want to invest in City Walk Apartments, fäm Properties will offer exclusive deals on City Walk investment from February 15 to March 2, 2018. We are going to absorb all value added tax (VAT)-related charges on commissions and 100% waive on Dubai Land Department (DLD) registration fees. This will apply to all residential leases for Building 18B at City Walk for the same period.

Our CEO Mr. Firas Al Msaddi mentioned, “While we have welcomed the introduction of the VAT to real estate transactions in the UAE to bring much-needed transparency to the market, we do understand that such changes are often met with a phase of resistance.”

He also added, “Our decision to absorb VAT costs on the commission of all transactions in City Walk, as well as waiving the DLD registration fees for 18B, will offer major financial incentives to buyers who are considering investment opportunities at a time when current conditions can yield strong medium to long-term gains.”

The high-end mixed-use destination on Al Wasl Road features a collection of modern low-rise buildings. One of which is the Building 18B, it is a six-storey residential and commercial property that consists of 1, 2, and 3-bedroom apartments and a 4-bedroom penthouse on the highest floor while the retail spaces are located on the ground floor.

At present, we have reached Dh 1.5 Billion in residential property sales at City Walk.

The Dubai real estate sector is definitely going to be more interesting, with the VAT absorption that we are offering today as well as the waiver of 4% DLD registration fees. We are giving our investors an opportunity that they should not miss and even more exciting investment options.

To know more about this exciting promotion, Click Here.