RECE Hosts Panel Discussion on the Future of Commercial Business in Dubai

DUBAI, UAE - Oct. 28, 2022 - PRLog -- D&B Properties sister division RECE (Real Estate Commercial Experts) hosted an engaging panel discussion, titled 'The Future of Commercial Business in Dubai' on October 20th at the D&B Properties head office.

• Dubai commercial transaction volumes remain an all-time high at AED 29 billion in H1 2022, recording an increase of 45% since H1 2021, according to Dubai Land Department.
• Investors are increasingly favoring offices and warehouses, with businesses focusing on expanding office spaces within the Main onshore and offshore areas in 2023.

The event provided an opportunity to discuss the prerequisites of establishing small and medium enterprises (SMEs) in Dubai's free zones, the current state of the commercial real estate market, and the impact of the upcoming 9% corporate tax in Dubai. It is organized as part of D&B Properties' ongoing initiative to promote and accelerate Dubai's position as a leading global destination for real estate investment.

The panel comprised of industry thought leaders, including Ahmed Fdil, Director of Commercial Sales & Leasing at RECE; Nada Abdelghany, Business Relations Manager at Meydan Free Zone; Inna Klishchuk, General Manager at Unity Partners; and Komal Gover, Executive Director of Corporate & International Tax at MBG Corporate Services; moderated by Robin Teh, Director of VAS (Valuations & Advisory Services), another sister division of D&B Properties.

The panel discussion signified the introduction of the 9% corporate tax on net profits of businesses, which will be effective for all emirates for Financial Years starting on or after 1 June 2023. With the UAE's commitment to meeting international standards for tax transparency and preventing harmful tax practices, the introduction of corporate tax is anticipated to provide a competitive edge where businesses can compete in the global market and raise investor confidence.

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About D&B Properties

With nearly a decade's experience in the UAE Real Estate market, D&B Properties is an acclaimed, award-winning firm and one of the leading brokerage companies in Dubai. For more details visit - https://dandbdubai.com/

About Real Estate Commercial Experts (RECE)

RECE offers expert commercial sales and leasing services pertaining to investors and clients, including plots for hospitality, retail, warehouse, high-rise office buildings, and clinics.