What extra expenses need to be taken into account when purchasing real estate in Dubai?
Buyers should factor in the following expenses in addition to the buying price:
- 4% of the property value is the Dubai Land Department (DLD) fee.
- Usually 2% of the buying price is the real estate agent fee.
- 0.25% of the loan amount (if applicable) is the mortgage registration fee.
- Fees for Property Maintenance: Ongoing expenses for maintaining a property.