Property Buyers In Dubai Will Have To Pay 6% Higher Upfront From February 1 🏠

Happy hump day, everyone 👋 If you’re in the market for a new property, you’re gonna wanna read this. If you’re not in the market, you’re still gonna wanna read this… 😂

NEWS

Property Buyers In Dubai Will Have To Pay 6% Higher Upfront From February 1

• Real estate in Dubai will never be the same again… Effective February 1, property buyers in Dubai seeking a mortgage will no longer be able to finance the 4% fees from the Dubai Land Department (DLD) and the 2% brokerage fees 🏠

• So the question you’re probably asking yourself is why is this happening? The Central Bank of the UAE instructed banks to stop financing the DLD registration fees and real estate broker fees.

• Since banks will no longer allow customers to include these fees as part of their mortgage financing, they will be forced to pay 6% upfront 💰

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Same, Harry. Same 😂 Click here to see what he won’t be buying.

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