UAE buyers to pay higher upfront property costs as Central Bank issues new orders

The Central Bank of the UAE’s recent instruction for banks to stop financing the Dubai Land Department registration fees and real estate broker fees from February 1 is set to add to prospective home buyers’ upfront costs, experts said.

The banking regulator will no longer allow customers to include the DLD and broker fees as part of their mortgage financing, real estate and mortgage industry experts told The National.

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