Getting your Oqood contract is a big step in owning a property in Dubai. It’s the official proof from the Dubai Land Department that you are the owner. To make this process clear, let’s look at the main costs involved. Having knowledge of these fees upfront helps you plan your budget without surprises.
This information breaks down the key fees for your Oqood Dubai real estate purchase.
The central registration fee:
This is the primary government charge. It is calculated as a small percentage of your property’s total agreed value. You pay this fee to register your sales contract in the official real estate system. This action legally records you as the buyer and protects your right to the unit.
A fixed administrative cost:
Alongside the main fee, a set service charge applies. This covers the processing of your application and the work done by the registration department. It is a standard fee that supports the operational side of finalizing your contract.
Mandatory translation charges:
If your passport, visa, or other personal documents are not in Arabic, you must have them translated. A government approved legal translator must complete this task. Their service fee is separate and depends on the number of pages that need translation.
Typing centre preparation fees:
A licensed typing center prepares your final contract for submission. They enter all your details and the property information into the official government format. Their fee is for this specific data entry and preparation service, which is a required step.
Potential project trustee fees:
Some developments use an independent trustee to manage the project’s payment account. If your project has this structure, a small fee might be included. This contributes to the trustee’s service, which helps safeguard buyer funds during the construction phase.
Future contract transfer costs:
Think of this as a fee for later. If you decide to sell your purchase rights before the building is complete, a separate fee applies for that new contract registration. It is not part of your initial costs, but it is a useful item to remember for future financial plans.
By accounting for these fees, you build a full and realistic budget for your off plan property. These costs are standard and vital, as they turn your agreement into a secure, public record. With this breakdown, you can proceed with your purchase, clear about the path ahead and the costs involved.
