One of the first questions home buyers ask is, "How much money do I need for a down payment?" While many people focus only on the purchase price, the upfront costs of buying property include much more than just the deposit.
Minimum Down Payment Regulations in UAE
Expats (Non-UAE Nationals): Minimum 20% down payment for properties under AED 5 Million (80% LTV). For properties above AED 5 Million, a 30% deposit is required.
UAE Nationals: Minimum 15% down payment for properties under AED 5 Million (85% LTV).
Other Upfront Costs to Budget For
- Dubai Land Department (DLD) fee: 4% of purchase price
- Mortgage Registration fee: 0.25% of loan amount
- Property Valuation fee: AED 2,500 – 3,500
- Real Estate Agency Fee: 2% + VAT
Get Expert Mortgage Advice Through AskTaskers
Not sure how much you need to save before buying property? Post your mortgage requirements on AskTaskers and connect with experienced mortgage brokers who can help you prepare.
Estimate Your Budget
