Katch up with Kash 29-05-2023

Happy Monday!

I hope you had a great weekend, let’s take a look at the Dubai property market last week!

It was another big week for Dubai’s real estate sector as the market saw 3,321 sale transactions worth a huge AED 11.1 billion!

That’s not all, get this, the most expensive penthouse in Dubai was sold last week for a whopping 420 million dirhams.

Sheeeesh! The penthouse is located in Marsa Al Arab being on the highest floor and has a 17,000 square foot outdoor area featuring a private pool and 360-degree ocean vistas!

Can you imagine?

Now for some city updates…

The Roads and Transport Authority (RTA) have revealed new plans for net-zero emission travel by 2050!

Over the coming year, the RTA plans to decarbonise all taxis, limousines and public buses, and design its buildings with net-zero energy consumption.

It said the strategy would result in reducing carbon dioxide emissions by 10 million tonnes and save AED 3.3 billion.

How impressive is that?

UAE tax is coming to town this week!

Tax isn’t a word we commonly use around here, but since January 2023 - the announcement of corporate tax has had us all wondering.

Well, this week on Thursday June 1st, corporate tax will begin in the country.

Registrations on the EmaraTax application have already begun and if you need a breakdown on if you need to sign up for corporate tax - we’ve got you covered, check out this helpful guide!

Feeling adventurous with your caffeine hit this morning?

Ever considered adding some olive oil to your morning coffee? No, I’m serious - Starbucks has jumped on the world’s viral TikTok trend and created their own in-house java blend called the Starbucks Olaeto which you can now get your hands on!

Trust me, it makes the flavour extremely rich and smooth - so it's definitely worth trying!

Anywho, that’s all from me - but I’ll be back Friday!

Until then, have a great week!