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 | 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 |
Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.
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