What taxes, fees and charges are generally imposed on purchase of a property in Dubai?
During the period when the registration process with the Dubai Land Department had not been finalized, developers were assessing their own fees for the sale, purchase or transfer of properties. Generally speaking, developers charged a fee of anywhere between 1% and 2% of the original or current purchase price of the property as an administration fee for registration of transfers in their books. The Dubai Land Department is currently accepting the registration of title to properties and purchaser have to pay the applicable pay for property registration and issuance of title deeds, I.e. 1% from the seller and 1% from the purchaser. Some developers have represented that they will pay 1% but others insist upon the purchaser bearing the entire 2% title registration fee. The purchasers are required to pay a very nominal map issuance fee and a knowledge fee. Dubai has recently started charging an annual housing fee on non-UAE nationals and these are assessed at 0.5% of the most recent sale pr