An expat or an UAE national purchasing property in Dubai or the UAE, one ought to have complete information about the expenses connected with any exchange. Here we give you a point by point rundown of the expenses and charges you need to pay:NOC expenses:
These can range between AED 500 to AED 5,000 and are payable to the developer, usually by the seller.Agent charges:
2% of the selling cost is payable by the purchaser to the Real Estate agent included as commission/agent fee.Property registration/transfer fees:
4% of the selling cost is payable by the purchaser to the Land Department for the registration of the property.Pre-registration (Oqood) Fees:
An extra pre-Registration (Oqood) Fee of 4% is pertinent just for Off Plan Property and is figured as a rate of the first cost of the seller. At the point when an off arrangement undertaking is being sold to a third party(prior to its completion), this sum is payable by the third party purchaser of the off plan property to the Land Department.Mortgage registration expenses:
If the property is sold, an extra mortgage charge of 0.25% of the mortgage value in addition to AED 10 knowledge charge is payable by the purchaser to the Land Department.Mortgage preparing expense & valuation charges:
If the property is sold, a handling charge of 1% of the mortgage value in addition to AED 3,000 mortgage valuation charge (standard) is payable by the purchaser to the bank.