Eight Reasons to Invest In Healthcare Sector of Dubai
An ever-growing population has resulted in an increased demand for high-quality and accessible healthcare services in Dubai. According to statistics, healthcare spending in the GCC is estimated to reach $69 billion by the year 2020. Realising this mammoth potential, many corporates and entrepreneurs are eyeing the Dubai markets for healthcare opportunities. Dubai also sees a large population of expats from all over the globe because of its rapidly growing economy linked to oil.
Trading in Diamond and Gold Exempted from VAT in UAE
The introduction of Value Added Tax (VAT) in UAE caused the sales of gold and diamond industry to plummet in the first quarter. The wholesale sales in Dubai fell 50 to 60 per cent in Q1 as compared to the previous year before VAT implementation.