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Hidden Costs of Buying Property in Dubai: What You Need to Know.

In this video, i'll share essential government and administrative fees you need to know when buying property in Dubai. Avoid surprises and ensure a smooth transaction by understanding these crucial costs! Key Points Covered: 1, Dubai Land Department (DLD) Fees: 4% of the purchase price. 2. Property Registration Fees: AED 2,000 + 5% VAT for properties below AED 500,000. AED 4,000 + 5% VAT for properties above AED 500,000. 3. Mortgage Registration Fee: 0.25% of the mortgage amount + AED 290. 4. Legal and Documentation Costs: Title of Deed: AED 520 + additional paperwork expenses. 5. Real Estate Agent Commissions: 2% of the purchase price + 5% VAT. 6. Legal Transfer and Conveyancing Services: Budget between AED 5,000 and AED 10,000. 7. Mortgage Arrangement Fees: 1% of the loan amount + 5% VAT. 8. Property Valuation: Costs between AED 2,500 and AED 3,500 + 5% VAT. 9. Mandatory Life Insurance for Mortgage Holders: 0.4% to 0.8% per annum on the decreasing loan balance. Being well-informed about these fees helps you budget effectively and ensures a successful property purchase in Dubai. 📌 Don't forget to like, subscribe, and hit the bell icon for more insightful content on Dubai's real estate market. 🔔 See you in my next video! #DubaiRealEstate #PropertyBuying #DubaiProperty #RealEstateFees #DubaiLandDepartment #MortgageFees #PropertyInvestment #DubaiLiving #RealEstateTips #PropertyGuide