Your essential guide to home buying costs in Dubai

Dreaming of owning a home in Dubai but feeling overwhelmed by the maze of costs involved?
Get expert answers so you can make informed decisions
- and even save money!

Questions covered on this page

How much can I afford to spend on a property in Dubai?

How many costs are involved in the process of home buying?

Can I save on home buying costs?

How much can I afford to spend on a property in Dubai?

There are several factors you need to consider in order to set a realistic budget and avoid financial surprises, such as your borrowing capacity or how much the closing costs will be.

Use our calculator to instantly calculate how much you can afford and monthly mortgage repayments.

Nomad Homes Paris

What's the maximum property price you can afford in Dubai?

Calculate it - for free

Key Takeaway

The easiest way to get a realistic budget for buying a property is to use an online budget calculator, which already takes into account every costs involved in the purchase of a home and provides an accurate result.

What are the costs, taxes and fees involved in buying a home in Dubai?

When buying a property, it's essential to consider both upfront and ongoing costs. While many are aware of the down payment and mortgage, there are other significant costs that come as a surprise; like registration fees and property valuation costs. It's crucial to factor in these hidden expenses to accurately assess your budget and make informed decisions.

How much should I budget for upfront home buying costs?

Before buying, you need to have an amount of money available to cover initial costs such as the down payment, the taxes or agent fees.

What are the ongoing expenses of owning a home in Dubai?

These are the regular expenses that come with owning a property, which have to be paid annually or monthly while you own a home.

People working on laptops and looking at documents
People working on laptops and looking at documents

Key Takeaway

Buying a property in Dubai costs more tan just the down payment. There are also taxes, fees and other variable costs that depend on each homebuyers’ situation and whether they buy cash or with a mortgage.

See the list of all all upfront costs >See the list of all ongoing costs >Read more about the costs if you buy cash or with a mortgage >

What are the costs, taxes and fees involved in buying a home in Dubai?

Real estate purchase consultation

How much should I budget for upfront home buying costs?

Before buying, you need to have an amount of money available to cover initial costs such as the down payment, the taxes or agent fees.

Local European Buyer's Agent

What are the ongoing expenses of owning a home in Dubai?

These are the regular expenses that come with owning a property, which have to be paid annually or monthly while you own a home.

Summary

Buying a property in Dubai costs more tan just the down payment. There are also taxes, fees and other variable costs that depend on each homebuyers’ situation and whether they buy cash or with a mortgage.

How can I reduce the costs of buying a home in Dubai?

When it comes to reducing home buying expenses in Dubai, one of the most impactful strategies is to negotiate the purchase price. A lower purchase price also decreases all the expenses that are a percentage of it. Therefore, by leveraging negotiation tactics and market knowledge, you can potentially secure a better deal and save on upfront costs.

SEE AN EXAMPLE OF HOW MUCH YOU CAN SAVE

Considering an initial property price of 1.000.000 AED, you could save a 3%, finally paying 970.000 AED thanks to expert negotiation by a Nomad Homes advisor.

Property Hunting

Buying without Nomad

TOTAL COST: 274.220 AED*

*Total upfront costs. Ongoing costs have not been added, as they may vary according to multiple personal factors.

Property Price Negotiation

Buying with Nomad

TOTAL COSTS: 266.330 AED*

*Total upfront costs, lowered by 2,9% thanks to expert negotiation skills. Ongoing costs have not been added, as they may vary according to multiple personal factors.

The result: lower total cost, while having a real estate expert by your side.

Key Takeaway

You can save over 8.000 AED by successfully negotiating a lower price. You can negotiate independently or use an expert like a Nomad Advisor. Strong market understanding, thorough research and excellent negotiation skills are all important to achieve the best purchase price.

Empower yourself with expert's information to take control and buy confidently.

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