• The members-only Nasab by KOA wants to build a community of like-minded creatives within its luxurious environs
    The members-only Nasab by KOA wants to build a community of like-minded creatives within its luxurious environs
  • Nasab is a co-working, co-living space at KOA Canvas. Courtesy of: Nasab
    Nasab is a co-working, co-living space at KOA Canvas. Courtesy of: Nasab
  • The members-only Nasab by KOA wants to build a community of like-minded creatives within its luxurious environs
    The members-only Nasab by KOA wants to build a community of like-minded creatives within its luxurious environs
  • The space has various rooms, which can double as boardrooms, brainstorming corners or photography and podcast studios. Courtesy Nasab
    The space has various rooms, which can double as boardrooms, brainstorming corners or photography and podcast studios. Courtesy Nasab
  • Nasab has been designed with creativity in mind. Courtesy: Nasab
    Nasab has been designed with creativity in mind. Courtesy: Nasab
  • Nasab has a mixture of open plan office space and private meeting rooms. Courtesy: Nasab
    Nasab has a mixture of open plan office space and private meeting rooms. Courtesy: Nasab
  • Nasab's outdoor amphitheatre will hold regular events. Courtesy: Nasab
    Nasab's outdoor amphitheatre will hold regular events. Courtesy: Nasab
  • The artwork at Nasab is a mixture of Zaal's private collection and a rotation of exhibitions. Courtesy: Nasab
    The artwork at Nasab is a mixture of Zaal's private collection and a rotation of exhibitions. Courtesy: Nasab
  • Nasab is a co-working space planned for KOA Dubai
    Nasab is a co-working space planned for KOA Dubai
  • The space has been designed with a number of casual spaces for informal meetings. Courtesy: Nasab
    The space has been designed with a number of casual spaces for informal meetings. Courtesy: Nasab
  • One of the more formal office spaces available at Nasab. Courtesy: Nasab
    One of the more formal office spaces available at Nasab. Courtesy: Nasab
  • Nasab has three impressive pools including this one, which is split across two levels. Courtesy: Nasab
    Nasab has three impressive pools including this one, which is split across two levels. Courtesy: Nasab
  • One of Nasab's soundproof phonebooths, which can be used for private phone calls or podcast recording. Courtesy: Nasab
    One of Nasab's soundproof phonebooths, which can be used for private phone calls or podcast recording. Courtesy: Nasab

Dubai members' club Nasab is giving businesses impacted by coronavirus a free workspace


Janice Rodrigues
  • English
  • Arabic

As the coronavirus pandemic continues, local and international institutions in the UAE have stepped up their philanthropic efforts to support the local community.

Now Nasab, the members-only workspace and social club that launched in the UAE in February 2019, is keen to lend a hand.

Nasab, which is part of Dubai’s Koa Canvas development in Al Barari, has launched a recovery programme which will provide up to 30 eligible businesses with complimentary offices and workspaces for six months, in an effort to provide them with “the tools to reconnect with a like-minded community and the financial space to thrive in a post Covid-19 environment”.

The programme is only open to UAE citizens and residents, with homegrown, independent, freelance or small enterprises with a track record of innovation. It is reserved for companies that started their businesses before 2019, have between one and 16 employees and has a founder that is over the age of 21.

Applicants interested in the programme should visit www.nasabdubai.com/recovery/ and apply before Wednesday, July 15.

Applicants will need to show proof of:

  • The size of the loss of business incurred as a result of cancellation of contracts or work between March – June 2020
  • The total amount of financial setback for the company as a result of Covid-19
  • The business's track record for quality and value
  • A business sustainability plan

Applicants will also have to submit the following:

  • Trade license or work permit
  • A copy of Emirates ID
  • A copy of passport with UAE residency visa
  • Copies of cancelled contracts/works/agreements that affected the business's income in March to September, and / or proof of reduced income
  • A statement of plans for the period for which the rent-free period is requested, with details on plans on optimising the rent-free period for company growth

Mohammed bin Zaal, founder and chief executive office of Koa, says he hoped the initiative would "continue our legacy" of creating unique projects in the UAE.

“Our main aim throughout the development of Nasab has been to provide a space where creatives, entrepreneurs and like-minded individuals have a place to set up homes-away-from-home.

“Our hope is that the programme provides a much-needed space for those who shape and contribute to the creative industry – entrepreneurs, leaders in tech, art, design and fashion. The team have worked extraordinarily hard to create an incredible space; we can’t wait to now see the community grow within it.”

The three-level club is anchored by a large, open-plan room that feels like a modern-day library. It also features communal tables separated by book shelves and meeting rooms with different design.

Scroll through the gallery above for a glimpse of Nasab's facilities.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
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Everybody%20Loves%20Touda
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nabil%20Ayouch%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nisrin%20Erradi%2C%20Joud%20Chamihy%2C%20Jalila%20Talemsi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
INDIA SQUAD

Rohit Sharma (captain), Shikhar Dhawan (vice-captain), KL Rahul, Suresh Raina, Manish Pandey, Dinesh Karthik (wicketkeeper), Deepak Hooda, Washington Sundar, Yuzvendra Chahal, Axar Patel, Vijay Shankar, Shardul Thakur, Jaydev Unadkat, Mohammad Siraj and Rishabh Pant (wicketkeeper)

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat