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Property Taxes In Dubai

2020-09-23

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Summary：If you want to buy property in Dubai ,you may take time to learn about taxation as well. Here are some brief which you need to know about.

Dubai is well known for having some of the most generous tax laws in the world, and property is no exception to the low-tax environment.

A lot depends on whether you’re buying a property from a developer, and whether you need mortgage financing, but the below table shows some of the typical costs you can expect to pay, although not every charge relates to all property sales.

Fee or Tax	Rate in AED (Arabic Emirates Dirham)	Approximate GBP Value
Land Registry Tax	4% of property value plus AED 540	4% of property value plus £115
Registration Charges for properties up to AED 500,000 in value	2,000	£420
Registration Charges for properties above AED 500,000 in value	4,000	£840
Estate agent fees	Around 2% of property value	N/A
Valuation fees	2,500-3,500	£530-£740
Oqood Contract Fee (if purchasing through a developer)	4% of property value	N/A
Conveyancing Fees	6,000-10,000	£1,250-£2,100

You’ll also need to consider factors such as a deposit, mortgage fees, and processing charges if you are taking out a mortgage to finance your property investment.

Typically, these charges include:

Fee or Tax	Rate in AED (Arabic Emirates Dirham)	Approximate GBP Value
Mortgage Registration Charge	0.25% of mortgage + AED 10	0.25% + £2
Mortgage Processing Fees	Up to around 1% of the mortgage value
Deposit payment	10-25% of property value

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