Dubai to look at freehold property fees

by Tamara Walid Thursday, 22 February 2007

An investigation by the Dubai Land Department will examine service charges related to property registration fees for freehold divisions.

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A local newspaper reported that buyers are subjected to hidden expenses whenever they register property. The costs are either charged directly by the developer or passed down by a representative, in addition to a 1% fee charged by the Dubai Land Department.
A number of residents complained about the ambiguity of the charges and said it had shaken their confidence in the emirate's property market.

The newspaper also reported an official at the department saying assessment is underway to calculate the amount of extra costs charged and assess the affect they had on the property sector.

Meanwhile a resident at Nakheel's International City claimed he was made to pay, in addition to the department's fee, a 2 per cent registration administration charge to Nakheel as well as a US$544.6 service fee, which he claims was passed on to him by the building owner.

On the other hand, homeowner Haana Kurmoo perceived this as a fair and ‘more honest' practice and said the developer had the right to charge more for the flats as opposed to accumulating costs at a later stage.

Wheneevr homeowners, holding title deeds, intend to transfer their property to another party; they are obliged to obtain a ‘no objection certificate', which the developer supplies. Nakheel charges US$268 for this service, whereas Emaar Properties levies a US$1341 fee.



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