To purchase a completed property in Dubai, in addition to the down payment, you will also need to pay up to 7% of the property’s value in various purchase costs and fees. Dubai property fees are considerably higher than in neighboring Abu Dhabi.
Upfront fees to buy a completed property in Dubai
|Fee type||Fee amount|
|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|
Did you know?Some banks allow you to add most of the fees to your mortgage, which saves on upfront costs and increases your purchasing power.
Off plan property fees
To purchase an off plan property, you will need to pay an Oqood (“contract”) fee, which is 4% of the original property price. If the property is being purchased direct from the developer, there are typically no real estate agent fees.