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Property Transfer fees increased from 6th Oct 2013 by Dubai Land Department's (DLD)


Date Posted : 05 October 2013

Property Transfer fees increased from 6th Oct 2013 by Dubai Land Department's (DLD)

 

Effective on 6th October 2013, the DLD will increase the transfer fee from 2% to 4% with the buyer and seller expected to split this fee equally.  In the long term this could be an effective measure to curtail the speculative buying and selling (flipping) that has contributed to the unsustainable appreciation of property prices.  However, in the short term, the unintended consequence might be that sellers simply increase their asking price by 2%, effectively ensuring that the additional 2% fee is covered by the buyer.

 

 

 

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