What is the cost of buying a house in Dubai?

When purchasing a home in Dubai, several additional expenses need to be factored in beyond the property’s purchase price. Typically, the overall cost ranges between 7% and 10% of the property’s value. Key costs include the Dubai Land Department (DLD) fee, which is 4% of the purchase price, and an administrative fee of AED 580 for apartments.

Other important expenses include a 2% agent commission, a mortgage registration fee of 0.25% of the loan amount plus AED 290 if the purchase is financed, and a trustee fee of AED 4,000. Valuation fees, which usually range between AED 2,500 and AED 3,000, and potential bank arrangement fees of up to 1.5% of the loan amount should also be considered. Understanding these costs is crucial for accurate budgeting when buying property in Dubai.