Dubai Property Taxes

Forum rules
To buy or sell property, please use the Dubai classifieds section. Links: Dubai real estate agents

Dubai Property Taxes

Postby faizah » 10 Jul 2008, 09:49

salam...
i would like to know wether any property in dubai being charged taxes like ratings; that normally collected from property owner by the city council from other states in the world
faizah
visitor
 
Posts: 1
Joined: 10 Jul 2008, 09:41

Re: Dubai Property Taxes

Postby shawarma » 13 Jul 2008, 12:55

Hello faizah and welcome to the Dubai property forums :).

Yes there are some fees / taxes / charges.

Rental of property attracts a 5% per annum Municipality Tax on the rental amount.
Transfer of property details (new properties are bought from a developer) to Dubai Lands Department (they issue title deeds) attracts a registration fee of 1% or 1.5% of the property value (I think, not 100% of the amount)
Selling a property means transfer of ownership has to be registered with Dubai Land Department and I think that's 1% or 1.5% of sale price. Or if the property hasn't been registered with the DLD yet, then a transfer fee is paid to the developer - which might be a similar amount.

I'm not aware of a Municipality Tax on property owners if the property isn't rented out.
Please use the forum for questions, not the PM system.
shawarma
moderator
 
Posts: 3451
Joined: 27 Sep 2007, 00:39


Return to Dubai property

Who is online

Users browsing this forum: No registered users and 2 guests

cron