The UAE’s VAT Law has made it possible for individuals to own their own homes without having to pay any taxes. This is one of the many benefits of living in the UAE, as it allows people to own their home free and clear of any additional costs. The law also states that anything designed for living in, such as your own home, is considered residential and is of 0% VAT. This means that you can purchase a property without having to worry about paying any extra taxes or fees.

This tax-free and freehold system makes owning a home much more affordable in the UAE than other countries around the world. It also helps to stimulate economic growth by encouraging people to invest in real estate, which will help create jobs and boost the local economy. With this system in place, more people can afford to buy their own homes and enjoy all the benefits that come with it.