Breakdown amount required upfront

• Land Department Fee AED 40580

  One-time tax paid to the government.
  4% of the property value + AED 580 admin fee

• Trustee Fee AED 4,410

  Paid to the bank for a range of services.
  AED 2,000 + VAT for properties below AED 500,000
  AED 4,200 + VAT for properties equal or above AED 500,000

• Mortgage Registration Fee AED 2,790

  Paid to the government to register your property as security for home loan.
  0.25% of the loan amount + AED 290 admin fee

• Bank Processing FeeAED 2,100

  Paid to the bank to process your mortgage.
  Up to 1% of the loan amount + 5% VAT

• Valuation Fee AED 3,150

  Paid to the bank for a basic inspection of your property.
  Between AED 2,500 and AED 3,500 + 5 VAT