Picture yourself holding the keys to your very first home, ready to decorate and make it your own. Before you get there, a smart buyer knows to look past the advertised price.

There are other important costs to consider, which can help you budget wisely and avoid surprises. This careful planning is essential for a successful flat to buy in Dubai.

The service charge:

This is a yearly fee you pay for building upkeep. It covers things like cleaning common areas, maintaining the swimming pool, and fixing the building’s exterior. The cost depends on your building’s size and amenities. A building with a gym and concierge will have a higher charge. Always ask about the service charge amount for your flat.

The agency fee:

If you use a real estate agent, you will pay them a fee. This is usually a small percentage of the flat’s purchase price. This fee is for their help in finding the property and handling the paperwork. Ensure you agree on this percentage with the agent before you start looking at flats.

The transfer fee:

This is a government charge to officially register the property under your name. It is a small percentage of the purchase price. This fee makes you the legal owner in the land department records. Your agent or lawyer will usually handle this payment for you.

The connection fees:

When you first get your flat, the electricity and water will be off. You must open new accounts in your name. The utility company charges a one-time connection fee for this. You will also want to pay a security deposit, which you get back when you close the accounts.

The maintenance fund:

Some buildings collect a one-time payment for a maintenance fund. This money is kept for major future repairs. For example, it might be used to repaint the whole building or replace an old elevator. Not all buildings have this, so it is good to check.

Home insurance and moving in:

Protecting your new home is smart. You might want to buy home insurance for your belongings inside the flat. Also, remember to budget for moving costs. This includes hiring a moving company and buying new furniture or appliances. These are not direct government fees, but they are important costs for your new home.