SOBHA ELWOOD: A SANCTUARY OF NATURAL ELEGANCE AND SOPHISTICATION
GOVERNMENT FEES:
Sobha Elwood – DLD Fees: Expect a 4% Dubai Land Department (DLD) fee on the purchase price, along with an administrative charge based on property type (apartments/offices: AED 580, plots: AED 430, off-plan projects: AED 40). Additionally, property registration fees apply, with properties under AED 500,000 incurring a AED 2,000 charge plus 5% VAT, while those above AED 500,000 are subject to a AED 4,000 charge plus 5% VAT.
PROPERTY REGISTRATION CHARGES:
Sobha Elwood – Property Registration Charges: Expect a 4% Dubai Land Department (DLD) fee on the purchase price, along with an administrative charge based on property type (apartments/offices: AED 580, plots: AED 430, off-plan projects: AED 40). Additionally, property registration fees apply, with properties under AED 500,000 incurring a AED 2,000 charge plus 5% VAT, while those above AED 500,000 are subject to a AED 4,000 charge plus 5% VAT.
MORTGAGE REGISTRATION FEES (IF APPLICABLE):
When financing a property purchase at Sobha Elwood, buyers are required to pay a mortgage registration fee to the Dubai Land Department (DLD). This fee is calculated as 0.25% of the loan amount, plus an additional AED 290 administrative charge. For example, if the loan amount is AED 1,000,000, the mortgage registration fee would be AED 2,500 (0.25% of 1,000,000) plus AED 290, totaling AED 2,790. These fees are standard across Dubai and apply to all financed property transactions.
REGISTRATION DEADLINE:
Remember, all property acquisitions in Dubai must be registered with the Dubai Land Department (DLD Dubai) in Deira within 60 days of the deal. Failing to do so renders the purchase invalid. The 4% DLD Dubai fee is ideally split between buyer and seller, but often the buyer covers it entirely. Buyers are also responsible for the Property Registration Fee.
Discover the Canvas of Nature
Sobha Elwood is a haven where nature’s beauty and human ingenuity come together seamlessly. Imagine walking through tree-lined trails, surrounded by over 10,000 thriving trees, as the purest air fills your lungs. This community celebrates the simplicity of life with sprawling green spaces and thoughtfully designed homes that integrate with the natural environment.
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