Is there property tax in Dubai?

There is no annual property tax in Dubai. On the other hand, owners of real estate must pay a registration fee, a 4% transfer charge when purchasing or selling, and a monthly housing fee (municipality tax) equal to 5% of the rental value of the property. Due to the fact that these costs are typically regarded as being less than the property taxes in many other large cities, Dubai is a desirable place to invest in real estate.