Oct 10, 2023
The competition among iconic real estate landmarks around the world is a dynamic and ever-evolving creative field. Various cities and countries strive to create superb and impressive structures that attract attention, tourism, and investment. These landmarks property developments often serve as symbols of architectural prowess, cultural significance, and economic prosperity, firing up the real estate rivalry worldwide.
Cities like Dubai, New York, London, and Shanghai are known for their top real estate landmarks competition to win the global iconic buildings race. Landmark architectural competition brought to the world marvellous and famous real estate projects that include the Burj Khalifa in Dubai, the Empire State Building in New York City, the Shard in London, and the Shanghai Tower in Shanghai. These landmarks not only redefine skylines but also contribute to the overall prestige and global recognition of their respective cities.
World's top real estate projects competition goes beyond mere height or size. Factors such as unique design, sustainability, technological advancements, and integration with the surrounding environment also play a significant role, creating, as such, a complete set of architectural marvels showdown. Additionally, the ability to offer exceptional amenities, such as observation decks, museums, or entertainment facilities, can further enhance the appeal and competitiveness of these landmarks.
The examples of these landmark property developments vary a lot, igniting the global real estate competitions even more, but we are mentioning the most globally famous of them here in this article:
1. Central Park, New York City: Setting up the plan for the park in 1858, and completing all the construction needed, the iconic park officially opened its gates in 1876. This marvellous project has transformed the heart of Manhattan with its lush green space and luxury residential buildings. It has won numerous awards for its innovative designs and contribution to urban development, inspired by the poet-editor William Cullen Bryant’s sense of art and the landscape architect Andrew Jackson Downing’s wild vision. The park has literally endless sites to visit, among them are The Metropolitan Museum of Art, facing Fifth Avenue, three small lakes, Disney statues, an open-air theatre, an ice-skating rink, a zoo, athletic playing fields, children’s playgrounds, a band shell, in addition to several fountains and monuments, including “Cleopatra’s Needle”. Moreover, sports lovers swarm across the park since the early morning as it offers numerous footpaths, bicycle paths, while several roadways also prevail through it.
2. Marina Bay Sands, Singapore: This mixed-use development has garnered worldwide recognition for its striking architecture and integrated resort concept. It includes a luxury hotel of 2,561 rooms, a shopping mall that rises to (800,000 sq ft), the world's largest atrium casino with 500 tables and 1,600 slot machines, and the world's highest rooftop infinity pool, elevating 200 m above the ground, making it a landmark project in Singapore. Further, there is a museum, an outstanding theatre, "celebrity chef" restaurants, two floating crystal pavilions, art-science exhibits, all intwined within the three magnificent towers.
3. The Shard, London: it is said that Londoners from the north and south of the Thames rarely move to the other side, and that is how this building came to refute all the pre-existing notions. Designed by architect Renzo Piano, the Shard has won multiple awards for its architectural splendour and contribution to the London skyline, standing tall as the UK's tallest building. Completed in 2012 and inspired by church spires and ships’ masts, it is a prime example of innovative design and sustainable construction practices. Rising at 1,000 feet as a statement architecture and 82 stories (72 of which are habitable), its mass even threatens the UNESCO heritage status of the Tower of London.
4. Bosco Verticale, Milan: where the walls of your apartment will be covered in trees and plants, this unique residential project has earned accolades for its vertical forest concept. As well, it instates biodiversity to enhance the importance of the relationship between humans and other living species. Built in Milan in the Porta Nuova area, it has revolutionized urban living with its two towers rising at 80 and 112 metres high respectively, surrounded by a total of 800 trees. Also, it has been recognized for its sustainable approach to real estate, providing an amount of vegetation equivalent to 30,000 square metres of woodland and undergrowth, all of which concentrated within the size of 3,000 square metres of urban surface.
5. Burj Khalifa, Dubai: As the tallest building in the world, the Burj Khalifa has won numerous awards for its innovative design and engineering feat. Rising at over 828 metres (2,716.5 feet) and more than 160 stories, it has become an iconic symbol of Dubai and a must-visit destination for tourists. The Y-shaped design of the tower plays a vital role in reducing the wind force against it. As well, the hexagonal core of the tower rises up through the building and houses. Inspired by the Hymenocallis or Spider Lily regional desert flower, the architect Adrian Smith depended on this shape not only to create an aesthetic masterpiece, but also to ensure a solid basis for the skyscraper marvel. From the year of its inauguration in 2010, this tower has registered many records, and it has since then been the proper noun of Dubai.
Overall, the world's top real estate projects competition is driven by a desire to leave a lasting impression by inscribing the place as a phenomenon in the visitors’ memory to attract even more of them. The efforts authorities and architects alike put into these famous real estate projects are meant to establish a unique identity that serves as a metonymy of the city hosting it, or the whole country. It also stands as a testament to human creativity, ambition, and the pursuit of excellence in the field of real estate development.
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April 6, 2025
The UAE Ministry of Finance has introduced new corporate tax regulations under Cabinet Decision No. 35 of 2025, replacing the previous Cabinet Decision No. 56 of 2023.
These updates clarify when foreign (non-resident) investors in Qualifying Investment Funds (QIFs) and Real Estate Investment Trusts (REITs) are considered to have a taxable nexus in the UAE.
The changes aim to enhance the UAE’s investment appeal, reduce compliance burdens, and align with global tax standards. This guide covers everything investors need to know about the new UAE tax rules, including exemptions, deadlines, and key implications.
Tax Nexus for Non-Resident Investors in QIFs and REITs
Under the new rules, a foreign juridical investor will have a taxable presence in the UAE under specific conditions.
For Qualifying Investment Funds (QIFs)
If a QIF exceeds the 10% real estate asset threshold, a tax nexus arises on:
A tax nexus is triggered in the same tax period where the QIF fails to meet ownership diversity rules.
A non-resident investor in a REIT will have a taxable link if:
If a foreign investor only holds QIF/REIT shares and meets conditions, they will not be considered a taxable entity in the UAE.
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Alongside Cabinet Decision No. 34 of 2025, the UAE introduced tax benefits for QIFs and Qualifying Limited Partnerships to attract global capital.
Tax exemption applies if the fund meets:
If a QIF exceeds the 10% real estate limit, only 80% of real estate income is taxed (matching REIT rules).
Non-resident investors in REITs/QIFs only need to register for corporate tax on dividend distribution dates (reducing paperwork).
Some partnerships can now obtain pass-through tax status, aligning with international tax best practices.
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The reforms reinforce the UAE's position as a top investment destination by:
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Only if they invest in a QIF/REIT that breaches the 10% real estate limit or fails ownership diversity rules.
Yes, if they meet the real estate (10%) and ownership conditions.
Investors face a tax nexus from the acquisition date (unless corrected within 9 months).
No immediate changes—only new breaches trigger taxation.
The 2025 UAE tax updates provide greater clarity, incentives, and ease of compliance for foreign investors in QIFs and REITs. By reducing tax burdens and aligning with global standards, the UAE continues to attract international capital and cement its status as a leading financial center.
April 3, 2025
Eid Al Adha, the "Festival of Sacrifice," is one of the most important Islamic holidays in the UAE. In 2025, Arafat Day is expected to fall on Sunday, June 15, followed by Eid Al Adha from Monday, June 16, to Wednesday, June 18. These dates correspond to Dhul Hijjah 9–12 in the Islamic calendar.
The UAE government will confirm the exact dates closer to the event based on the moon-sighting committee’s announcement.
Eid Al Adha commemorates Prophet Ibrahim’s willingness to sacrifice his son in obedience to God, who then provided a ram instead. The holiday involves:
No—the expected dates (June 15–18) fall from Sunday to Wednesday, meaning:
✅ 4 consecutive days off for most employees.
✅ No weekend overlap, so no lost holidays.
✅ Potential for extended leave if companies add extra days.
Many UAE platforms like Dubai Municipality, Al Mawashi, and Emirates Red Crescent allow online Qurbani bookings.
Most UAE schools will likely close from June 15–18, aligning with the public holiday. Some may extend breaks if Eid overlaps with term dates.
Expected from June 16–18, subject to moon sighting.
Likely 4 days (Sunday–Wednesday) for both public & private sectors.
Yes, but book flights & hotels early—prices rise closer to Eid.
For Muslims who can afford it, yes. Licensed butchers must perform it.
Eid Al Adha 2025 in the UAE is expected to bring a 4-day break (June 15–18), perfect for family time, travel, or staycations. Since dates depend on moon sightings, final confirmation will come in June. Start planning early to make the most of this festive season!
March 25, 2025
The UAE Central Bank (CBUAE) has launched the new 100 dirham note, a polymer-based currency with advanced security features, marking a significant step in the nation’s financial evolution. For investors in UAE real estate, this update reflects the country’s commitment to innovation, sustainability, and economic growth—key factors that make the UAE a prime destination for property investment.
The new 100 dirham note is more than just a currency update—it’s a testament to the UAE’s vision for the future. Key features include:
1- Front: Um Al Quwain National Fort (heritage symbol).
2- Back: Port of Fujairah and Etihad Rail (economic progress).
This redesign aligns with the UAE’s Third Issuance of the National Currency Project, following the award-winning Dh500 and Dh1,000 polymer notes.
The new 100 dirham note isn’t just about cash—it signifies the UAE’s economic stability and growth, crucial for real estate markets. Here’s how:
The UAE’s focus on sustainable finance (like polymer notes) mirrors its push for green buildings and smart cities, boosting property values.
Etihad Rail’s inclusion on the note highlights improved connectivity, increasing demand for real estate near transport hubs.
Advanced anti-counterfeit measures reinforce the UAE’s reputation as a secure financial hub, attracting more foreign buyers to Dubai and Abu Dhabi properties.
The note’s release during Eid Al Fitr 2025 underscores the UAE’s cultural and economic appeal.
While digital payments rise, high-value property deals often involve cash transactions. The new 100 dirham note’s durability and security make large transactions safer.
With the UAE's economy thriving, investors should consider these top areas for property investment: Dubai Marina offers luxury waterfront properties with high rental yields, while Abu Dhabi CBD features government-backed projects delivering stable ROI. Sharjah provides affordable housing options with growing expat demand, and Ras Al Khaimah presents tourism-driven growth opportunities with attractive freehold options.
Pro Tip: The new 100 dirham note’s durability means fewer replacements—just like investing in long-term, high-value properties in the UAE.
The UAE new 100 dirham note is more than money—it’s a symbol of progress, security, and sustainability, much like the country’s real estate market. For investors, this reinforces the UAE’s position as a global property hotspot.
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