Dubai Land Department (DLD) has called upon property owners in the emirate to engage accredited valuation offices for the implementation of corporate tax legislation. This comes as part of DLD's efforts to reinforce transparency within the real estate market. 

 

DLD said it remains committed to providing property owners with accessible resources. 

 

The new directives are thoughtfully designed to guide companies in preventing potential legal or financial infractions, thereby supporting continuous growth and contributing to the development and prosperity of Dubai’s real estate sector.

 

DLD said the official list of accredited companies and valuation offices is available on its official website and the Dubai REST app, all compliant with the prerequisites for implementing corporate tax. 

 

The decision provides more flexibility to the real estate sector, as businesses with immovable funds calculated on the basis of historical cost can determine the basis of the facility, either using the time division method or the evaluation method. 

 

This allows groups to select the approach that best suits their needs for each asset, it added.