Right now buyers can set 4% DLD (Dubai Land Department) which makes these deals unbeatable in the market. The blog aims at discussing various aspects about these fantastic offers and how best they can be utilized by buyers.
What is the DLD Fee?
The Dubai Land Department (DLD) collects a registration fee, referred to as DLD fee, on any trade of land in Dubai. It is usually about 4% from the property’s price at purchase and paid by a buyer. When it comes to owning land within the city of gold, one has to pay this fee so as to get their name on the title deed.
Normal DLD Fee Structure:
In Dubai, the normal DLD fee structure is as follows:
- 4% of the property's purchase price (minimum AED 2,000)
For example, if you purchase a property worth AED 1,000,000, the normal DLD fee would be:
- 4% of AED 1,000,000 = AED 40,000
How is DAMAC's 4% DLD Waiver Beneficial?
The 4% DLD waiver from DAMAC is a great incentive for buyers since they will not spend much when making a property purchase. Consequently, this allows them to save substantially on the cost of their house or any other property since there is a 4% discount on the DLD fee for the buyers.
Using the same example as above, with DAMAC's 4% DLD waiver, the DLD fee would be:
- 0% of AED 1,000,000 = AED 0 (waived)
This means that buyers can save AED 40,000 on the DLD fee, which can be used towards other expenses or invested elsewhere.
DAMAC’s Exclusive Projects with 4% DLD Discount: Limited Time Offer
- Safa 2
- DAMAC Volta
- DAMAC Altitude
- DAMAC Golf Greens
- Cavalli Estate
- Damac Bay by Cavalli
- DAMAC Suncity
Closure
Investing in the luxurious properties of Dubai with DAMAC’s 4% DLD off plan discounts is an offer that cannot be missed. Since there are only a few units available, it is crucial to move quickly to avoid missing out on the chance. For both investors and end-users, these deals have great savings opportunities and enable them to possess luxury at a lower price. Don’t let this amazing opportunity pass you by – get in touch with DAMAC Properties now for more information on these exclusive offers.
