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Emaar Is Tempting Property Buyers With Discounts On Fees

Emaar is offering you the chance to save some money if you buy property in one of of six developments before May 10.

The developer will give you 50% off Dubai Land Department fees and the same amount off the first year’s service charge if you buy in Downtown Dubai, Dubai Creek Harbour, Dubai Hills Estate, Emaar Beachfront, Emaar South and Arabian Ranches before the deadline.

The range of units on offer is diverse, from flats in Emaar South starting at AED 599,888 to villas in Arabian Ranches starting at AED 4,520,888.

Emaar is also offering a two-year, post-handover payment plan (subject to each project’s remaining percentage, paid every six months).

Mortgages are available through Emaar’s partner banks, including Emirates NBD, Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank (ADCB), and HSBC.

The amount of money you’d save by taking up the offer will depend on where and what you’re buying.

Annual service fees are based on the unit’s square footage. For villas, the fee can typically run up to several thousand dirhams per year.

Dubai Land Department charges buyers 2% of the unit’s sale price, along with a AED 5,000 registration fee on all properties sold for more than AED 500,000.

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Deyaar Releases New Units In Dania District With Ramadan Offer

Deyaar Development has announced the release of the final units available within the Dania district of its Midtown development

As a Ramadan promotion, and to mark the project reaching 35% completion, Deyaar will cover 100% of the Dubai Land Department fee normally payable on property purchases.

Buyers must pay 5% to secure a unit and 80% of the purchase price must be paid by handover, currently scheduled for Q4 2019. Prices start at AED 680,000 for a one-bedroom apartment and the offer runs until the end of Ramadan.

Midtown is a community development in Dubai Production City near Arabian Ranches and Dubai Motor City. It consists of 27 buildings with a built-up area of almost five million square feet, including studios and one, two and three-bedroom apartments.

“Intended as the ideal community for families and professionals alike, Midtown is a premium investment opportunity for buyers who wish to own their own home, or those who wish to rent their property out in the future,” said Nasser Amer, Sales Vice President, Deyaar. “At 35% completion, we are well on track for a Q4 2019 handover.”