Dubai real estate deals hit regulatory hurdle! Indian buyers who bought homes using international credit cards in a soup; here’s why
Indian property buyers in Dubai are facing regulatory challenges after using international credit cards (ICCs) for property purchases. They opted for this payment method through builder-shared links or during UAE visits, making down payments and instalment payments.The process appeared straightforward, avoiding bank paperwork and potentially circumventing the 20% tax-collected-at-source (TCS). However, they allegedly misused ICCs,…
