Transaction Fees & Charges

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.


Disclaimer: The information provided is for illustrative purposes and accuracy is not guaranteed. The default figures indicated are theoretical and may not be relevant to your individual circumstance. Make certain to counsel a financial expert before depending on the outcomes.
KNOW MORE

VIEW OUR SOCIAL NETWORK