Purchasing a property in Dubai Marina is a fantasy for most investors, professionals, and expats. Due to its beautiful sea views, skyscraper landscapes, and active lifestyle, it’s not surprising that demand for a flat for sale in Dubai Marina keeps growing.
But while the buying price tends to be center stage in the search for property, most buyers don’t think about the stealth fees associated with property ownership in this upscale area. These fees, if not factored in ahead of time, could have a major impact on your bottom line and longer-term financial planning.
These are 7 so-called hidden costs that you will need to include when you are purchasing a flat in Dubai Marina — be it a one-bedroom with views or a compact studio apartment in Al Barsha as a safety net investment.
1. Dubai Land Department (DLD) Fees – 4% of Property Value
One of the most significant costs is the Dubai Land Department (DLD) registration fee, which is 4% of the property purchase price. This fee is mandatory and must be paid upfront to legally register the property under your name.
For example, if you’re purchasing a flat for sale in Dubai Marina priced at AED 2 million, you’ll need to budget an additional AED 80,000 just for this fee.
Tip: Occasionally developers or sellers will agree to share this fee, so it’s always a good idea to negotiate when you’re buying.
2. Agency Commission – Usually 2%
When you’re employing a real estate agent to locate your property, you’ll probably need to pay an agency commission. In Dubai, it is usual to find properties charged at about 2% of the cost of the purchase, but this will differ based on the agent and the agreement.
This is another charge that mounts fast. On a AED 1.5 million flat, that’s AED 30,000 extra in commission.
3. Service Charges and Maintenance Fees
While a studio flat in Al Barsha might have lower service charges because of the fewer facilities, Dubai Marina flats usually have higher service charges. These include paying for the maintenance of:
- Swimming pools
- Gymnasiums
- Security and concierge
- Common area cleaning and maintenance
Service charges may be AED 10–30 per square foot annually, depending on building amenities and location. For a 1,200 sq ft flat, that’s between AED 12,000 and AED 36,000 every year.
Always ask for the most up-to-date service charge statement from the vendor or developer prior to completing your purchase.
4. Mortgage-Related Expenses (If Financing)
In case you are financing your property with a mortgage, expect some extra expenses such as:
- Bank processing charges (around 1% of loan value)
- Valuation charges (AED 2,500–3,500)
- Mortgage registration charges (0.25% of loan value + AED 290)
All these costs are to be paid upfront and need to be included in your buying budget.
5. Developer’s NOC Fee
Prior to selling a property, the developer’s No Objection Certificate (NOC) must be acquired by the seller. The NOC guarantees that there are no due amounts on the property. Though this fee is typically covered by the seller, in certain deals, buyers are requested to contribute.
The NOC price ranges from AED 500 to AED 5,000 and varies based on the developer and the property.
6. Moving and Setup Costs
Once you’ve bought your flat in Dubai Marina, you’ll still need to consider moving expenses, furnishing, and setting up utilities like:
- DEWA (Dubai Electricity & Water Authority)
- Air conditioning (usually billed separately via Empower or other providers)
- Internet and TV packages
You’ll also pay a refundable deposit to utility providers (typically AED 2,000–4,000) and setup fees. While these aren’t huge individually, they can add up to several thousand dirhams during your move-in process.
7. Ongoing Insurance and Repairs
Although not necessary, home insurance is highly advisable and also a prerequisite if you have a mortgage from your bank. It insures you against fire, water damage, or any unexpected occurrences.
Insurance costs depend on the coverage but you’ll likely pay AED 1,000–2,000 yearly.
Also keep in mind that as a homeowner, you’re paying for all internal repairs or replacements — plumbing, appliances, AC maintenance, etc. In contrast to renting a studio apartment in Al Barsha, where landlords cover most of the maintenance, you’re paying for all of it as a homeowner.
Bonus Tip: Short-Term Rental Licensing (If You Plan to Rent Out)
If you’re purchasing the apartment as an investment and intend to rent it out temporarily through sites such as Airbnb, you’ll require a holiday home license from Dubai’s Department of Economy and Tourism (DET). This has its own fees and compliance obligations.
Purchasing a Dubai Marina flat for sale provides lifestyle advantages, robust capital growth, and high returns on investment. But one must enter the process with complete openness regarding all possible expenses — not merely the sale price.
Whether you’re comparing it to the more affordable studio apartment in Al Barsha or finding Dubai Marina for luxury living, knowing these hidden charges allows you to make an informed, financially wise choice.
By considering these 7 hidden charges, you’ll be sparing yourself of unpleasant surprises and preparing yourself for a fruitful property ownership experience within one of the most desirable waterfront communities in Dubai.