HOW MUCH DOES IT COST YOU TO SELL A PROPERTY IN DUBAI?
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Dubai as a growing haven for real estate has shown a promising market for property
enthusiasts and buyers. If you ever have any properties and is planning to have it sold,
then might as well know the costs that you will be incurring on top of your probably
earning. Many sellers aren’t aware of the additional costs that come with selling a
property in Dubai, which can come as a surprise later on in the process.
Below are some of the most important costs you will need to tend to when selling a
property in Dubai.
1. NOC FEES IN DUBAI
One of the upfront fees that sellers should prepare for is the cost to issue the No
Objection Certificate (NOC) in Dubai. The NOC in Dubai is issued by the developer and
confirms that there are no outstanding service charges or other fees to be paid by the
seller. It also states that the developer has no objection to the sale of the property. The
NOC charges in Dubai usually range between AED 500 to AED 5,000 and is typically
paid by the seller.
2. AGENCY FEES
Another one of the fees to sell property in Dubai includes the seller’s agent’s fees. For
sellers, working with one of the real estate agencies in Dubai can significantly increase
their property’s visibility and attract quality buyers. The selling agent fees in Dubai is
typically 2% of the sale price of the property. Sellers will need to use Form A, one of the
RERA forms, to appoint a seller’s agent, which will include details of the percentage of
the sale price to be paid to the agent.
3. DUBAI LAND DEPARTMENT FEES
Along with the NOC and Agency fees, another cost of selling property in Dubai that
sellers should take into account is the Dubai Land Department Fees. This fee is usually
4% of the sale price of the property and is typically split between the buyer and seller,
which is paid to the Dubai Land Department, the authority that oversees all real estate
transactions in the city. The percentage payable by each party, however, depends on
the sale and purchase agreement between the seller and buyer.
4. TRANSFER OF OWNERSHIP / ADMIN FEES
The last fees to sell property in Dubai includes the admin or transfer of ownership fee
that is payable to the DLD’s registration trustee offices. Again, this is one of the costs
of selling property in Dubai that is either paid in full by the buyer or split between the
buyer and seller, depending on the agreement between them.
However, the transfer fee will vary depending on the sale price of the property:
If the sale price of the property is below AED 500,000: AED 2,100
If the sale price of the property is above AED 500,000: AED 4,200
The above are the usual fees for selling property in Dubai that is ready and not on
mortgage. There may be additional costs, depending on a case-by-case basis,
however, these are the typical costs that sellers should expect.
When selling off-plan property in Dubai, it’s important to check with the developer
about any conditions that may apply over selling before completion of the property.
There may be restrictions or additional fees to be paid when selling the property
before a certain percentage of the payment plan has been met. However, these
restrictions and conditions can differ based on the developer.