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Hidden Costs of Buying Property in Dubai

Hidden Costs of Buying Property in Dubai

Exploring the potential and challenges of AI in various sectors.

Written By

John J.

Word Count

0

Date

Monday, March 11, 2024

Category

Finance

Budget Beyond the Purchase Price

Many buyers overlook additional expenses when purchasing real estate.

Major Hidden Costs to Consider
  • DLD Registration Fee: 4% of property value.

  • Service Charges: Annual fees for maintenance and facilities.

  • Mortgage Processing Fees: 1% of loan amount.

  • Furniture & Interior Costs: Varies based on property size.

Conclusion: Plan Your Budget Wisely

Account for all costs before purchasing to avoid financial surprises.

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