Starting Feb 1, UAE buyers must pay Dubai property fees upfront, changing mortgage practices.

Starting February 1, 2025, UAE banks will no longer include Dubai Land Department fees and brokerage commissions in property mortgages, requiring buyers to pay these upfront. This change, aligning with international standards, may increase initial costs but is expected to stabilize the market by encouraging the purchase of off-plan and primary properties, which often have lower down payments.

2 months ago
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