Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

Dubai Property Registration Fee Doubled to 4%

26/9/2013

The Dubai Land Department announced the doubling of the property registration fee to 4 per cent from 2 per cent. The new registration fees cover all property transactions in the emirate of Dubai except for the industrial sector, including warehouses.

The Dubai Land Department announced the doubling of the property registration fee to 4 per cent from 2 per cent.

The new registration fees cover all property transactions in the emirate of Dubai except for the industrial sector, including warehouses. The move is aimed to stop quick transactions (flipping) which are unhealthy for the market and result in sudden price increases.

Asper the decree, the fee will be split 2 per cent each between the buyer and seller. Although the previous law did specify one per cent each for the seller and buyer, in practice the buyer always paid the two per cent. Mortgage registration fees remain same at 0.25 per cent of the mortgage value to encourage end-users.

You might also like...
Emiratisation Penalty upto AED 72,000/- Will Take Effect from 1 Jan 2023
Starting from 1 January 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2% of skilled jobs in 2022, will be fined according to the Ministry of Human Resources and Emiratisation (MoHRE).
read More
FTA Sets Deadline 31 December 2022 to Apply for Re-determination of Administrative Penalties on Taxes
The UAE's Federal Tax Authority (FTA) urged eligible registered taxpayers to apply for the re-determination of administrative penalties on taxes prior to the 31 December 2023 deadline.
read More
Facilities for Small Projects Subject to Corporate Tax
The Ministry of Finance revealed its intention to offer facilities for small projects subject to corporate and business tax, noting that details of these facilities will be announced during the first half of next year.
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.