Budget about 7 percent of the price on top of your down payment. On a 1.5 million dirham home, fees come to about 103,000 dirhams.
Example: AED 1.5M price, AED 1.2M loan
- DLD transfer fee (4% + AED 580): AED 60,580
- Agent commission (2% + VAT): AED 31,500
- Mortgage registration (0.25% + AED 290): AED 3,290
- Trustee office (AED 4,000 + VAT): AED 4,200
- Valuation: about AED 3,150
- Bank processing fee: 0%–1% of the loan
- Total fees: about AED 102,700, plus any processing fee
Add the 20% down payment (AED 300,000): cash needed is about AED 403,000.
