Dubai property transfer fee and charges are levied on property bought, sold and transferred in Dubai. From a Dubai legal perspective, removing or adding a person to a property deed is considered a transfer of ownership, thus the normal sales procedures and fees apply in these situations. The Dubai Land Department (DLD) charges fees on these transactions. The level of fees can depend on the terms of the transaction, as well as the value of the property.
Property transfer fees payable to the DLD are applicable when transferring ownership interests to a property between parties, whether whole or partially. The most important thing to note in transferring property is in relation to Dubai Land Department transfer fees. As buyers may be aware, if you have previously bought, sold or transferred property in Dubai, the current fees for doing so are levied at 4% of the purchase price of the property, as well as an AED 540 admin fee. In relation to a “gift” of interest in a property, however, the transfer fees are much lower at just 0.125% of the sales price, plus AED 530, totalling a minimum of AED 2,530. Similarly to sales, an admin fee of between AED 2,000 and AED 4,000 is also charged. In this case, it is dependent on whether the valuation is below or above a valuation of AED 2,000,000. For example, if the property being transferred is valued at AED 1,000,000 the transfer fee, payable to the Dubai Land Department, for gifting property would be a minimum of AED 2,530 plus the additional AED 2,000. All this represents a significant reduction in fees when compared to a purchase/ sale. Here, the equivalent applicable transfer fee would total AED 40,540 as well as the additional charge of AED 4,000.
At Seal Real Estate Registration Trustee we can help you work out the applicable Dubai property transfer fee for your property sale, transfer or purchase depending on your own, unique circumstances. Visit us at http://www.sealra.com/ or email firstname.lastname@example.org for more information.