Registering a mortgage in Dubai involves several fees payable to the Dubai Land Department (DLD) and associated service partners. Here's a detailed breakdown:
Mortgage Registration Fee:
Percentage of Loan Amount: A fee of 0.25% of the total mortgage value is charged.
Title Deed Issuance Fee:
Standard Mortgage: An AED 250 fee for issuing the title deed.
Conservative Mortgage: An AED 250 fee for each title deed issued.
Knowledge and Innovation Fees:
Knowledge Fee: AED 10 per drawing.
Innovation Fee: AED 10 per drawing.
Service Partner Fees:
Standard Registration: A service fee of AED 4,000 plus 5% VAT.
Provisional (Oqood) Registration: A service fee of AED 5,000 plus 5% VAT.
Administrative Fee:
An additional administrative fee of AED 290 is applicable.
Payment Methods:
Fees can be settled through various channels, including:
ePay
Dubai Pay
Noqodi
Manager's Cheque addressed to the Dubai Land Department.
Additional Considerations:
Property Valuation Fee: Ranges from AED 2,500 to AED 3,500, subject to 5% VAT.
Mortgage Arrangement Fee: Typically up to 1% of the loan amount, plus 5% VAT.
It's essential to account for these fees when planning a property purchase in Dubai, as they contribute to the overall cost of acquiring a mortgaged property.
