Buying costs
When purchasing real estate in Dubai, you should take into account 5-7% additional costs on top of the purchase price. These costs consist of the purchase costs (buyer's fees). In addition, you should consider any mortgage costs and ongoing costs after completion. Below is a list of the costs you can expect.
Please note that all costs are orientation and may change at any time, Escalate Real Estate can't be held accountable for any changes to the costs associated with buying a property.
New build property
- Dubai Land Department: 4% of the Purchase Price + 40 AED administration
- Property Registration (Oqood):
Property value < 500.000 AED = 2.000 AED + 5% VAT
Property Value < 500,000 AED = 2,000 AED + 5% VAT
- Transfer costs: 0 – 8.000 AED (Estimate)
- Brokerage fees: free (the developer pays us)
Existing property
- Dubai Land Department: 4% of the Purchase Price + 580 AED administration
- Title deed:
Property value < 500.000 AED = 2.000 AED + 5% VAT
Property Value < 500,000 AED = 2,000 AED + 5% VAT
- Transfer costs: 6,000-8,000 AED (Estimate)
- Brokerage fees: 2% + 5% VAT
Mortgage costs
Do you want to finance your purchase? Then you should consider the following costs.
Please note that different terms apply to an interest-free mortgage.
Mortgage costs new build property
DLD registration fee: 0.25% of mortgage + 290 AED
Bank costs: 1% + 5% VAT
Mortgage costs existing property
DLD registration fee: 0.25% of mortgage + 290 AED
Bank costs: 1% + 5% VAT
Appraisal fee: 3,150 AED (Estimate)
Ongoing costs
After the completion of your home, consider the following costs:
Service cost: 2 - 30 AED per sq ft (Estimate) -. These are passed on in the rent to the tenant
Home insurance: 1,000 AED (Estimate)
Life insurance: 0.4 - 0.8% (Estimate)