Financing

What are the fees involved in registering a mortgage in Dubai?

Registering a mortgage in Dubai involves several fees payable to the Dubai Land Department (DLD) and associated service partners. Here's a detailed breakdown:

  1. Mortgage Registration Fee:

    • Percentage of Loan Amount: A fee of 0.25% of the total mortgage value is charged.


  2. 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.


  3. Knowledge and Innovation Fees:

    • Knowledge Fee: AED 10 per drawing.

    • Innovation Fee: AED 10 per drawing.


  4. 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.


  5. 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.

Related Questions