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THINGS TO KNOW BEFORE BUYING PROPERTY IN DUBAI!

GOVERNMENT FEES:

Dubai Land Department (DLD) Fees: Expect a 4% fee on the purchase price, along with an administrative charge that varies depending on the property type (flats/offices: AED 580, plots: AED 430, pre-construction projects: AED 40).

PROPERTY REGISTRATION CHARGES:

These fees depend on the property value. Properties under AED 500,000 incur an AED 2,000 charge with 5% VAT, while those above AED 500,000 face an AED 4,000 charge with 5% VAT.

MORTGAGE REGISTRATION FEES (IF APPLICABLE):

Financing your purchase through a bank? You’ll need to pay an additional 0.25% of the loan amount plus AED 290 to the DLD for mortgage registration.

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.

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*Source: John Mason International Movers Website