If you’re planning to buy or sell a property in Dubai, understanding all the charges involved is essential. Conveyancing fees are a crucial part of property transactions that you must factor into your budget. But what exactly are conveyancing fees and how much should you expect to pay? Read on to find out, as we’ve gathered all the information you need to navigate the process with confidence.
- What Is Conveyancing Fees?
- How Much Are Conveyancing Fees in Dubai?
- How to Save on Conveyancing Costs
- How to Choose the Right Conveyancer
- Top Conveyancing Companies in Dubai
- FAQs
What Is Conveyancing Fees?
Conveyancing is the legal process of transferring property ownership from one person to another. It involves various legal and administrative tasks such as preparing contracts, managing payments and ensuring compliance with local regulations. Conveyancing fees refer to the cost of hiring a professional to manage this process.
Since property transactions can be complex, conveyancers handle the legal formalities on behalf of buyers and sellers, making the process less daunting. Hiring a conveyancer minimises the risk of errors that could cause delays or legal complications.
Included Services in Conveyancing
Conveyancing generally covers the following services:
- Preparing legal documents
- Title deed issuance and transfers
- No Objection Certificate (NOC) acquisition
- Identifying and resolving documentation errors
- Mortgage settlement
- Developer coordination
- Dubai Land Department (DLD) registration
- Utility transfers and Ejari registration
- Fee and tax calculation
- Handling payments
- Final sale fund transfer
How Much Are Conveyancing Fees in Dubai?
The exact conveyancing fees depend on various factors, such as the company you choose, the complexity of the transaction, and the type of property. In Dubai, conveyancing fees typically range from AED 5,000 to AED 15,000. For commercial properties, fees can go up to AED 25,000.
Types of Conveyancing Fees
These fees consist of multiple charges, each covering different aspects of the transaction. Here are the key types of conveyancing fees you should be aware of:
1. Conveyancer Charges
Conveyancer charges are the general fees the conveyancer company charges for their services. These are either a fixed fee or a percentage of the property’s price. Conveyancer charges usually range from AED 5,000 to AED 10,000 for standard transactions.
2. Registration Fees
The registration fee is the cost of registering the property under the new owner’s name. The amount depends on the property’s value. It ranges from AED 2,100 for properties below AED 500,000 to AED 4,200 for properties above AED 500,000.
3. DLD Transfer Fee
DLD service fee is a mandatory charge imposed by The Dubai Land Department for the legal registration of transfer. DLD charges 4% of the sale price plus an AED 580 admin fee for issuing the new title deed.
How to Save on Conveyancing Costs
One way to save on conveyancing costs is handling the transaction yourself, as hiring a conveyancer in the UAE is not mandatory. However, we do not suggest this due to the risks involved. Mistakes in documentation or payments can cause costly delays and legal issues if you are unfamiliar with legal procedures.
However, you can still save on conveyancing costs by planning strategically. Here are some things you can do:
- Choose a fixed fee as it is more cost-effective than a percentage-based fee, especially for high-value transactions.
- Get an all-inclusive quote to avoid additional charges later.
- Speak to multiple conveyancers and compare prices before deciding.
How to Choose the Right Conveyancer
While you might be tempted to choose a conveyancer solely based on the lowest price, make sure their services meet the required standards. Opting for the cheapest option without considering quality can lead to issues later. The right professional will make the process much easier for you. When deciding who to hire, consider:
- Experience: More experience means better handling of transactions.
- Expertise: Make sure the professional is familiar with dealings with your property type.
- Reviews: Check if they have positive reviews from previous clients. Read client testimonials and seek referrals from trusted sources.
Top Conveyancing Companies in Dubai
These are some of the best conveyancing companies offering top-notch services in Dubai:
| Conveyancing Companies | Contact |
| MAK Dubai | +971-4-269-9444 |
| Al Safar & Partners | +971-50-154-1471 |
| Conveyancing Specialists | +971-4-401-8587 |
| TWS Consultants | +971-4-448-4284 |
| Compton Conveyancing | +971-4-454-9734 |
FAQs
Conveyancing fees in Dubai typically range from AED 5,000 to AED 15,000 for residential properties depending on value and complexity.
Conveyancing in Dubai involves legal procedures for transferring property ownership from seller to buyer. It includes preparing contracts, managing payments and ensuring compliance with local regulations.
No, you don’t necessarily need to hire a lawyer to buy property in Dubai. However, doing so is highly recommended due to the complexity of the legal requirements.
Conveyancing is just one of the many costs to consider when buying a property in Dubai. Buying a property involves careful considerations to make sure you don’t exceed your original budget due to unexpected expenses. Learn more about how to buy property in Dubai with Property Finder to make a smart investment.
