About the property
The one-bedroom apartments in Lakeside Tower B, located in Dubai Production City (IMPZ), are often popular among investors for their balance of affordability and rental income potential. Lakeside Tower B offers amenities such as a gym, pool, sauna, and landscaped gardens, appealing to renters looking for budget-friendly options with good facilities.
If you're looking at a sale price of AED 650,000 for a property in Lakeside Tower B, here’s a breakdown of the main costs you might expect to pay:
Dubai Land Department (DLD) Transfer Fee: 4% of the property priceAED 26,000/- AEDAdmin Fees: DLD charges an admin fee of approximately AED 5,250 (including VAT), though this can vary slightly depending on the developer. Agency Commission: Typically 2% of the property price,AED 13,000/- AED + 5% VAT=13650/- AEDTrustee Fees: AED 4,200, paid to the DLD registration trustee office. NOC Fees: These fees are paid to the developer to obtain a No Objection Certificate (NOC) for transferring ownership. The amount ranges from AED 500 to AED 5,000 depending on the developer. Assuming an average ofAED 1,000/- AEDMortgage Registration Fees (if applicable): 0.25% of the loan amount + AED 290 as the admin fee.
Estimated Total CostsFor a straightforward cash purchase (without a mortgage), the estimated additional costs on a AED 650,000 purchase would be approximately:
Total Additional Costs: AED 49,450/- AED
With easy access to major highways, proximity to Me’aisem City Center, and various business hubs, the location appeals to both professionals and small families.
Service charges in IMPZ are relatively moderate, which can enhance ROI by lowering ongoing maintenance costs.
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Posted on 13 November (9 days ago)
ID 204717
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