Calculating Hidden Costs in UAE Property Purchases
Beyond the purchase price, UAE real estate transactions involve several additional costs. Dubai charges a 4% transfer fee, while Abu Dhabi's is 2%. There are also agency fees (typically 2%), registration charges, and potential mortgage arrangement costs. Service fees for maintenance range from 10-30 AED per square foot annually. New developments may require utility connection deposits. Budgeting 7-10% above the sale price for these expenses is advisable.
Emirates.Estate offers detailed cost calculators for accurate budgeting.