If you are a foreigner residing in Dubai, you would have surely noticed the long queue of people waiting to pay the property taxes for their properties. This is one of the most common and unavoidable problems when owning a property in Dubai. The Dubai government has imposed certain measures to minimize the incidence of non payment of property tax. Dubai authorities realize that the rapid influx of tourists and emigrants to the country is one of the key reasons for the increasing property tax.

But how much of your hard earned money do you actually pay in property tax in Dubai? In general, it is about 40% of the total property value of the property that you own. This means that every time you apply for a loan or a mortgage or even just simple payment for maintenance on your property, you will have to pay the property tax. This has become a really unavoidable reality for many of the people who reside in Dubai. But there are ways on how to minimize the payment of the property tax in Central Park City Walk Dubai.

When paying the tax, keep in mind to always read the fine prints of the agreement you sign with the municipality. Some agreements may have hidden clauses which may indirectly increase the tax amount. In addition to that, try to negotiate with the concerned municipality to reduce or eliminate the property assessment. If you can prove that the tax amount is already calculated incorrectly, then you can request for adjustments. The tax department will look into your claims and consider your proposal before finally deciding on how to increase the property tax on your property.

Another way of reducing your property tax in Dubai is by getting an extension to your property lease. Extensions to property lease generally last for about five years and during this time, you have the possibility to extend your property tax payments. Most of the lease agreements also specify that if you wish to renew your lease earlier than the existing agreement, you need to pay additional taxes as well as additional maintenance fees. Hence, it is recommended that you get extensions if you want to continue paying for the same services for the duration of five more years in Central Park City Walk Dubai.

Another way to minimize your Dubai property tax payment is to hire an estate agent to represent you on your tax bill. With the help of an estate agent, you will be able to pay for services and charges according to the agreed contract. This option can really help you a lot since experts will be handling all the legal issues and negotiations. However, it is not advisable for you to just hire anyone. Remember that tax payment is a legal obligation that is imposed on all homeowners. Therefore, it is very important for you to find a qualified real estate broker that will be able to help you make an informed decision regarding your tax payment.

One way of doing so is by consulting a real estate planner. Real estate planners are highly educated people who have extensive knowledge regarding properties and property laws in Dubai. They will be the ones to handle your property taxes, negotiations with the government, and filing your annual return to the government. In addition, they will also be the ones who will calculate and provide you with the appropriate budget. This will allow you to save money when it comes to paying your property tax in Dubai. Thus, it is advisable for you to consult your real estate planner immediately and schedule a meeting to discuss your tax payment and budget needs.

The easiest way for you to minimize your Dubai property tax payment is to research and find the right property tax consultants in the city. These consultants will help you with all your property tax needs, from computation of rates to monthly payment calculations. Since they are experienced and knowledgeable individuals, they will be able to provide you with valuable advice on how you can effectively minimize your Dubai property tax payment. Furthermore, they will be able to recommend to you the best ways to minimize your tax payment without sacrificing the quality of your service. In most cases, these consultants will charge a minimal fee to provide you with their services, but some may also offer their services at free of charge.

Dubai is an ideal location for those who are looking for property investment opportunities. If you have real estate property within the emirates, it is recommended that you contact your real estate advisor now so you can learn more about the different ways to pay property tax in Dubai. You’ll be able to get the full picture of your tax obligation, as well as how you can minimize your financial obligation.

 

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