You will find as
jwayne592 That Agents are not always keen to publish all the hidden costs and add ons.
If you budget for an additional 9% to the original price this will cover all the charges
The Latest Update which is really none at all is a call to the Nakheel service center they are now providing a number for the
Nakheel International City Team 04-3693191 However the usual
Quote:
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please leave a message and I will get back to you
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phone message will great you.
Fees that I have paid and still no hand over !
2% of Unit price to register and obtain from Nakheel UPA (Unit Purchase Agreement) with out this document you will not be able to obtain any finance.
Nakheel Administration Fee for unit to be registration formalities at the Dubai Lands Department
AED 2,850
1.5 % of Unit Sale Price for Land Registration
1.4 % of Unit Sale Price for building to the Dubai land Department registering unit at the Government of Land Department
Annual Maintenance/ Service Fee computed as
AED 10.55 sq/ft
DEWA (Dubai Electricity and Water Authority) connection fee deposit
AED 500
Remember that Dubai is some what different than other countries. When you go to rent your apartment the Tennant will pay the Real Estate company the commission to be able to rent your apartment.
When you go to sell your apartment all the hidden charges will be paid by the buyer. Unless an advertisement price says specifically that all charges included you as the buyer will have these additional costs.
Edited to add following
Dubai is promoted as being tax free.Rubbish.
As you are finding out there are many hidden taxes and in this case works out to around 10 % But wait there is more.... Rental Tennants have a fee called the
Dubai Municapility Tax and is the rate of 5% of what ever rent you are paying. Some people pay this some do not however the DEWA bill has the allocated space to take this payment.
You can read more about what was said in the local news paper Gulf News(government) It has a good search feature which you can digg up many articles on real estate.
Reference Gulf news Article link
Gulfnews: Have your say: housing fee
Link to advice on renting from Gulf news
Gulfnews: Renting a place to stay