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Property Buyers In Dubai Will Have To Pay 6% Higher Upfront From February 1 🏠
Augustus Media FZ LLC
January 28, 2025
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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MERCH
🌞 Lovin Merch: Summer Picks!
When you’re out, running errands and simply Lovin your life, you have your handy dandy flask to keep your drinks cool. You’ve got your cap to shade you from the sun, your notebook to record your brightest ideas.
Anything and everything that’ll remind you that you’re lovin’ life, there’s a Lovin Merch product for you.
Click here to add them goodies to your cart.
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