Dubai stands out as a prominent hub for real estate investment, drawing buyers from diverse backgrounds. To streamline and facilitate these processes within the Emirates, the Dubai Land Department (DLD) has introduced several initiatives. Notably, the Dubai Rest App presents a myriad of options, including a fee calculator for different procedures and services by DLD.
With this in mind, we have listed the steps involved in calculating fees via the Dubai Rest App for different services. Let’s go through it.
Fee Calculation in Dubai via Dubai Rest App
The Dubai Rest App offers a feature ‘Procedure Fee Calculator’ to simplify the task of determining fees associated with various procedures and property transactions in Dubai. Whether you are engaged in real estate transactions, property management, or any other process governed by the Dubai Land Department, this calculator serves as a valuable resource.
It provides users with an efficient means of understanding the financial implications of different procedures. By inputting relevant details such as property types and procedure values, users can calculate the associated fee through the Dubai Rest App.
Whether it’s assessing service charges, registration fees, or other transaction-related costs, the Procedure Fee Calculator streamlines the process within Dubai’s real estate landscape.
Let’s learn how this calculator works and allows users to calculate service fees when buying a property in Dubai.
How to Calculate Fee by DLD With Procedure Fee Calculator
The calculator offers various methods of calculating fees via the Dubai Rest app.
To begin, you first need to select a service provider from the following options:
- E-mortgage – In Dubai, different mortgage types come with varied services and transactions. The Dubai Rest App simplifies fee calculations for these processes with the Procedure Fee Calculator.
- RT – RT is short for Real Estate Registrar Trustees in Dubai. These centres improve property or land registration procedures. Moreover, these trustees help DLD achieve success by implementing new strategies in the real estate sector.
E-Mortgage
To calculate mortgage fees through the Dubai Rest App, select ‘E-Mortgage’ as a service provider. Then, to choose a property procedure, you will have the following options:
- Delayed Mortgage
- Development Mortgage
- Development Mortgage Pre-Registration
- Modify Delayed Mortgage
- Modify Development Mortgage
- Modify Mortgage
- Modify Mortgage Pre-Registration
- Modify Pre-Registration
- Mortgage Registration
- Mortgage Release
- Mortgage Release Pre-Registration
- Mortgage Transfer
- Portfolio Mortgage Development Modification
- Release Delayed Mortgage
- Release Development Mortgage
Let us explain the further process with an example. For instance, you select the procedure for mortgage registration in Dubai. After that, you can select from a property type encompassing three options:
- Building – Villa
- Land
- Unit
The next step is to fill in the procedure value. It is the value on which you mortgage a property. After selecting the property type as ‘Villa’ and Procedure Value AED 100,000, tap ‘Calculate’.
The fee calculator will factor in the different values such as:
- Knowledge and Innovation Fee: AED 20
- Mortgage Contract Registration: AED 250
- Office Fees including 5% VAT: AED 2,100
After that, the sub-total fee of the mortgage registration procedure will be AED 2,370.
RT
Another way of fee calculation in Dubai via Rest App is selecting RT as a service provider. In such a case, you will see the following procedure types:
- Delayed Mortgage
- Delayed Sell
- Development Mortgage
- Development Mortgage Pre-Registration
- Grant
- Grant Pre-Registration
- Lease Finance Registration
- Lease Finance Release
- Lease To Own Release
- Modify Delayed Mortgage
- Modify Development Mortgage
- Modify Mortgage
- Sale
- Sale on Payment Plan
- Self-Pre Registration
Other options are the same as available in the ‘E-Mortgage’ Menu.
Moving forward, if we choose the ‘Sale’ option and select the property type as Villa, the procedure fee calculator will display a sub-total of AED 6,680 for a procedure value set as AED 100,000.
Moreover, the calculator will consider the following factors when calculating fees via the Dubai Rest App for a sale value:
- Knowledge Fee: AED 30
- Innovation Fee: AED 30
- Map Issue Fees for Villa/ Unit: AED 250
- Title Deed Issue of Real Property: AED 250
- Purchase Registration Fees: AED 2,000
- Office Fee plus 5% VAT: AED 2,100
You can also verify the Title Deed through the Rest App by entering the property type, owner’s name, Oqood contract number and year.
In addition to the above-mentioned DLD fee calculation, you can also calculate the property service charges in Dubai via the Dubai Rest App.
FAQs
How to Calculate Property Fee in Dubai?
For different property processes, calculating fees via the Dubai Rest App has become an ease for many buyers.
Is Fee Mandatory For All Properties in Dubai?
Yes, every property owner in Dubai must pay the municipality fees which vary as per the property type.
How much is the property registration fee in Dubai?
The registration fee by DLD is 4% of the property value.
All in all, these are the details of calculating fees via the Dubai Rest App. These services ease the transaction processes for users when buying a house in Dubai and offer a user-friendly experience.
For more on different property fees, their payment channels and details, keep reading dubizzle’s real estate blog.
