Quote:
Originally Posted by Don.W
Hi Razneer,
I am actually buying the property from an agent who is representing the second owner. The quoted price, 340,000 is net to the owner plus commission.
I was curious what other hits I will be taking! I am aware of the title registration from Dubai Land Department is around the the 1.5% mark but was wondering where I can find out in blue print what the others are.
Hey thanks alot.
Don
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Annual Service Charge (c. £700.00 p.a) which covers maintenance of the communal grounds/hallway; communal aircon usage
* Deposit of 1000 AED initially for your name to be added to DEWA. (Although water/electricity would have already been connected by the previous owner, DEWA ask for the deposit. This will be refunded once you rented out your apartment, otherwise is held until you sell).
* I think the Nakheel registration was 1.5 or 2% but I am not aware of any other fee. Be careful you are not being conned!
I would also suggest getting some legal advice on the charges to ensure no one is ripping you off.