When purchasing property in Dubai, several fees need to be considered:
- Dubai Land Department (DLD) Registration Fees: Typically 4% of the property value.
- Real Estate Agent Fees: Usually 2% of the property price.
- Mortgage Registration Fees: 0.25% of the loan amount if you are financing the purchase with a mortgage.
- Maintenance Fees: These are annual fees paid to the developer or homeowners’ association for the upkeep of common areas and facilities. They can vary depending on the property type and location.
- No Objection Certificate (NOC) Fees: If applicable, these fees are paid to the developer for transferring ownership of an off-plan property.
