Real estate : what are the taxes in Dubai ?
During the exchanges between our clients and our agents, the question of taxes comes up very frequently. Indeed, most of the clients ofDubai Immo are French and therefore VERY used to the fact that there are taxes on everything...
Only one tax in Dubai, the notary fees
In Dubai, it doesn't work like that! The only tax you will pay is the fee for registering your apartment in your name. This is actually the notary fee, which is called the DLD fee. DLD stands for Dubai Land Department, which is the notary public here in Dubai. The amount of this fee is 4% of the total price of the property, no matter how much it is. And in some cases, the amount of this tax can be offered to you partially or in full by the property developer...
No property tax in Dubai
Unlike many European countries, Dubai does not charge property tax to homeowners.
No rent or capital gains tax in Dubai
No taxes will disturb your profitability! Dubai does not impose any tax on real estate capital gains or rental income. 100% of the profit will go into your pocket, without any deduction.
Tax Convention between France and the United Arab Emirates
A tax convention has been established between the French State and the United Arab Emirates. This convention provides for the taxation of income related to real estate. It clearly states that real estate income must be taxed in the country where the property is located. A property located in the UAE will therefore be taxed in the UAE, where taxation is zero.
