Dubai off plan purchase cost and mortgage calculator
Enter a price to see the official fees on an off plan purchase, your cashback estimate and, if you borrow, the loan limit and the monthly payment.
Off plan: UAE Central Bank rules cap the loan at 50% of the price, so the down payment is at least 50%.
Estimates. The fees are those of the Dubai Land Department, the loan limits those of the UAE Central Bank. Your contract and your bank's offer give the final figures.
The fees on an off plan purchase
When a developer sells you an off plan unit, it registers the sale with the Dubai Land Department in the off plan register, called Oqood. The fee is 4% of the price. The Dubai Land Department sets 2% for the buyer and 2% for the seller, but developers usually ask the buyer to pay the full 4%. The Dubai Land Department also charges 10 AED of knowledge fees and 10 AED of innovation fees.
The developer adds its own registration or admin fee on its invoice. It differs from one developer to another, so ask for it before you book. You pay no agency fee when you buy through Property Radar: the developer pays the agency, and you get part of that commission back as cashback.
How much a bank lends
| Off plan property | 50% of the price at most |
| Expatriate, first home, up to 5 million AED | 80% |
| Expatriate, first home, above 5 million AED | 70% |
| UAE national, first home, up to 5 million AED | 85% |
| UAE national, first home, above 5 million AED | 75% |
| Longest loan | 25 years |
UAE Central Bank, regulations on mortgage loans (Circular 31/2013), first home limits as amended in April 2020.
Questions
Who pays the 4% Dubai Land Department fee on an off plan purchase?
The Dubai Land Department sets 2% for the buyer and 2% for the seller, but developers usually ask the buyer to pay the full 4% when the sale is registered. Some developers pay it as a promotion.
Can I get a mortgage on an off plan property?
Yes, but UAE Central Bank rules cap the loan at 50% of the price for an off plan property. Banks set their own conditions on top, so check with a mortgage adviser before you book.
Do I pay an agency fee when I buy off plan through Property Radar?
No. The developer pays the agency commission, and you get part of it back as cashback.
What is the mortgage registration fee in Dubai?
0.25% of the loan, paid to the Dubai Land Department, plus about 290 AED of admin fees.
Sources
- Dubai Land Department, register an initial sale (off plan)
- UAE Central Bank, amended loan to value limits
- Al Tamimi, the UAE mortgage regulations, off plan limit
- Property Finder, mortgage registration fee