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Showing posts from October, 2024

The Hidden Costs of Buying an Engagement Ring in Dubai: What You Need to Know

  When buying an engagement ring in Dubai , the experience is often defined by luxury, elegance, and an impressive selection of designs. However, beyond the dazzling displays and the promise of "duty-free" shopping, there are several hidden costs that can take unsuspecting buyers by surprise. Understanding these expenses not only helps manage your budget but also builds confidence in your purchase. In this article, we'll explore the lesser-known costs associated with buying engagement rings in Dubai, so you can be better prepared to find that perfect ring without breaking the bank. 1. Taxes and VAT on Engagement Rings in Dubai Contrary to popular belief, Dubai is not entirely tax-free when it comes to buying jewelry. While it is true that the emirate boasts a favorable tax regime compared to many Western countries, a 5% Value Added Tax (VAT) applies to jewelry purchases. While this might seem minimal, on a purchase worth AED 20,000, it adds up to AED 1,000—an amount worth