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UAE Property Laws: I was wondering why the fees vary from 2-4%. How will I know if I need to pay 2 or 4%?


Question:

Hello! We are looking for legal assistance for a property we might plan to sell. I was wondering why the fees vary from 2-4%. How will I know if I need to pay 2 or 4%? And if I bought my property before these rules applied in 2008, do I still have to pay that amount when selling a property in a few years? This means that I probably did not pay any extra fees when buying my property before 2008.

Answer:

Thank you for your question.

The fees payable to the regulator, such as the Land Department, upon transfer of ownership of any property, are decided based on the rules and regulations of the department and the applicable property laws.

You may contact the department to know the applicable fees on your transaction. If you would like us to review the documents related to the sale, please feel free to contact us.

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