Does anybody know exactly how much the transfer fee payable to the land department if we are going to buy ready property by finance? I heard its about 3, 5% from the property value, is that correct?
And what is the most secure way to rent out our property if we are not based in UAE or neither have person who can represent us?
I am not sure about the exact amount of the registration fee, however you I don't think its 3.5%.
If you are buying a property on finance then I believe you would have to pay the following.
Mortgage registration fees: 0.25% of the debt amount up to the maximum of 1.5 million dirhams
Purchase registration fees: 1% of the purchase amount
Sale registration fees: 1% on the buyer & 1% on the seller
Defferent fee structure is explained on the following page: http://www.dubailand.gov.ae/ld_website/english/Fees_English.aspx?AspxAutoDetectCookieSupport=1
I would recommend confirming the amounts with the land department, you can also consult your agent for the exact amount of fees that you will have to pay.
Regarding your second part of the query, the most secure way would be to let an established and renowned estate agency handle your property rentals.
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