The lawyer or Solicitor dubai will have to pay other third parties for services related to sealing the transfer of title. This is where there may be disparity in the cost and where unscrupulous service providers may try to dupe their clients. Some of the things that can comprise Real estate lawyer Dubai disbursement fee include;

• Land registry searches which is cost to carry out searches to check that the supposed owner of property is still the legal owner
• Bankruptcy search will be needed for those who are using a financing option as the lender may want to confirm that the buyer has not declared bankruptcy
• Local authority searches to ensure that all local approvals are in order
• Drainage search to ensure that the property is well connected and with no plumbing issues
• Environmental search that checks for any contamination on and around the property
• Land registration fee that will be used to register the property in your name
• Telegraphic transfer fee that is the amount charged in your bank account for making the transfer of funds to seller
• The stamp duty which is what will be paid with the state body in charge of lands and properties.

Hidden costs in disbursement fee
Some service providers of Conveyancing uae will use the disbursement section to slot in some hidden cost that may go on noticed as such fees may be in fine print. Some of this cost could include;

• Some will include a fee for professional indemnity. This should not be an extra fee as the assumption is that it is already included in the lawyer’s basic fee. Again this should actually be an overhead of the business and should not be borne by the client.
• Some include cost for posting and making calls. Again this should be their overhead and are supposedly included in the basic fee. It should not feature in as an extra cost.
• The cost of dealing with the property owner or the lender. The person asking for the service should smarten up and ask questions. If you are paying separate fees for all these services, what is included in the basic fee of the conveyancer.

CONTACT US:

Compton Conveyancing
6th Floor, Concord Tower
Dubai Media City
Dubai, UAE
P.O Box 238605
Tel: +971 4 201 6039
Mob: +971 50 672 5251
E-mail: [email protected]
Website: https://www.comptonconveyancing.com/
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