For tax periods from 1 January 2025, juridical investors in an exempt Real Estate Investment Trust (REIT) are subject to Corporate Tax on 80% of prorated Immovable Property Income. The clarification distinguishes between a distributing fund," which distributes at least 80% of this income within nine months of its financial year-end, and a "non-distributing fund," affecting when income is taxed. It also covers compliance obligations for REITs and investors, and establishes that a non-resident investor creates a "nexus" in the UAE, which mandates registration for Corporate Tax purposes."