7 February 2019

Fees to buy a ready property in Dubai

Fees to buy a ready property in Dubai.

 If you want to purchase a ready property in Dubai, you should pay also up to 7% of the property’s price in addition to the down payment.

Dubai Land Department fee

4% of property purchase price, plus an AED 580 admin fee

Property registration fee

For properties below AED 500,000: AED 2,000, plus 5% VAT

For properties above AED 500,000: AED 4,000, plus 5% VAT

Real estate agency fee

Typically 2% of the property value, plus 5% VAT

Bank mortgage arrangement fee

Usually up to 1% of the loan amount, plus 5% VAT

Dubai Land Department mortgage registration fee

0.25% of the loan amount, plus AED 290

Property valuation fee

Ranges from AED 2,500 to AED 3,500, plus 5% VAT

Fees to buy an off plan property

If you want to purchase an off-plan property, you should pay an Oqood (“contract”) fee, which is 4% of the property's price. If the property is being purchased directly from the developer, there are typically no real estate agent fees.

How to choose Real Estate Agent in Dubai

Life in Dubai Marina

Property Management

Priciest and Cheapest places to live in Dubai

Fees to buy a ready property in Dubai

Chinese Investors in Dubai

Beachfront Communities in Dubai

Dubai Real Estate in 2019