UAE Nationals Receive AED353.5M in VAT Refunds for New Homes

Summary:

The Federal Tax Authority (FTA) reported a notable increase in beneficiaries of the VAT Refund Scheme for UAE Nationals Building New Residences in H1 2026, with around 4,000 applications approved, totaling AED353.5 million in refunds—up 27.5% from 2025. Director-General Abdulaziz Mohammed Al Mulla highlighted enhancements to the scheme, including a digital refund platform and expanded eligible expenses, aligning with the UAE's 'Year of Family.' A new proactive service allows automatic VAT refund applications via the Maskan app, utilizing AI technology to verify refund accuracy and streamline processes.