Description
The project is a residential building in the centre of Dubai designed by Horacio Pagani.
The residential complex is in the form of a unique tower with an unusual design: winding curves and a glass sphere on top of the building. The building's advantageous location offers the best panoramic views of Dubai. On the south-eastern side, residents can enjoy tranquil views of the Dubai Canal and part of the Business Bay area. On the north side, there is a view of the Burj Khalifa, the tallest building in the world.
The complex has apartments of various layouts: standard units, duplexes, and penthouses with 2–4 bedrooms and open spaces.
Completion — June, 2024.
Federal tax (VAT) — 5%.
Registration fee (Dubai Land Department transfer fee) — 4%.
Brokerage fee — 2%.
The building is located near major attractions in Dubai:
- Dubai Canal is a 3.2 km long tourist attraction
- Dubai Mall is the world's largest shopping mall
- Dubai Fountain is the world's tallest fountain offering a spectacular and captivating blend of water, music and light
- Burj Khalifa, world's tallest building
- Dubai Opera, multi-format arts centre with a seating capacity of 2,000.
Dubai is the largest city in the United Arab Emirates, the administrative center of the emirate of Dubai, the most important commercial and financial center of the UAE and the entire Middle East.
Dubai does not have some significant types of taxes: corporate income tax, capital gains tax, personal income tax, as well as tax on repatriation of income. The UAE also has double tax treaties with more than twenty countries around the world. Free economic zones (FEZ) are of great value in doing business in Dubai. The offshore zone is located in the Jebel Ali area.
