{"id":9277,"date":"2023-03-10T05:38:58","date_gmt":"2023-03-10T05:38:58","guid":{"rendered":"https:\/\/www.squareyards.ae\/blog\/?p=9277"},"modified":"2024-07-19T06:46:54","modified_gmt":"2024-07-19T06:46:54","slug":"real-estate-terms-in-dubai-regart","status":"publish","type":"post","link":"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart","title":{"rendered":"Know The Common Dubai Real Estate Terminologies"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.squareyards.ae\/\">The Dubai real estate market<\/a> offers a wealth of opportunities. The choices are unlimited, whether you&#8217;re looking for your next significant investment, the ideal family home, or wish to work as a real estate salesperson. But before you enter the field, it&#8217;s crucial to become familiar with some of the lingo used in real estate terms in Dubai. And we&#8217;re ready to assist!<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The key residential and commercial real estate terms in Dubai are conveniently listed below.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-6a0583cfcc561\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a0583cfcc561\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Real_Estate_Terminology_in_Dubai_-_Organizations_and_Systems\" title=\"Real Estate Terminology in Dubai &#8211; Organizations and Systems\">Real Estate Terminology in Dubai &#8211; Organizations and Systems<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Dubai_Land_Department_DLD\" title=\"Dubai Land Department (DLD)\">Dubai Land Department (DLD)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Real_Estate_Regulatory_Authority_RERA\" title=\"Real Estate Regulatory Authority (RERA)\">Real Estate Regulatory Authority (RERA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#The_Rental_Disputes_Center_RDC\" title=\"The Rental Disputes Center (RDC)\">The Rental Disputes Center (RDC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Makani\" title=\"Makani\">Makani<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Al_SaFat\" title=\"Al Sa\u2019Fat\">Al Sa\u2019Fat<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Trakheesi\" title=\"Trakheesi\">Trakheesi<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Dubai_Real_Estate_Terminology_Ejari_Special_Contracts_and_Services\" title=\"Dubai Real Estate Terminology Ejari : Special Contracts and Services\">Dubai Real Estate Terminology Ejari : Special Contracts and Services<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Oqood\" title=\"Oqood\">Oqood<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Musataha\" title=\"Musataha\">Musataha<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Commercial_and_Residential_Real_Estate_Terms_in_Dubai\" title=\"Commercial and Residential Real Estate Terms in Dubai\">Commercial and Residential Real Estate Terms in Dubai<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Freehold\" title=\"Freehold\">Freehold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Leasehold\" title=\"Leasehold\">Leasehold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#BUA\" title=\"BUA\">BUA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Saleable_Area\" title=\"Saleable Area\">Saleable Area<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#SPA\" title=\"SPA\">SPA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#POA\" title=\"POA\">POA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Title_Deed\" title=\"Title Deed\">Title Deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Form_A_B\" title=\"Form \u2018A\u2019 &amp; \u2018B\u2019\">Form \u2018A\u2019 &amp; \u2018B\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Escrow_Account\" title=\"Escrow Account\">Escrow Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Post-Handover_Payment_Plan\" title=\"Post-Handover Payment Plan\">Post-Handover Payment Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Snags\" title=\"Snags\">Snags<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Non-freehold_property\" title=\"Non-freehold property\">Non-freehold property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Furnished_Accommodation\" title=\"Furnished Accommodation\">Furnished Accommodation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Unfurnished_Accommodation\" title=\"Unfurnished Accommodation\">Unfurnished Accommodation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Gated_community\" title=\"Gated community\">Gated community<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Off-Plan_Property\" title=\"Off-Plan Property\">Off-Plan Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-terms-in-dubai-regart\/#Completion_Bond\" title=\"Completion Bond\">Completion Bond<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Real_Estate_Terminology_in_Dubai_-_Organizations_and_Systems\"><\/span><span style=\"font-weight: 400;\">Real Estate Terminology in Dubai &#8211; Organizations and Systems<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">An explanation of the regulatory agencies and procedures in charge of making sure real estate enterprises run smoothly serves as the introduction to this glossary of real estate words. These agencies are also in charge of monitoring the legitimacy of business dealings in the sector.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Dubai_Land_Department_DLD\"><\/span><span style=\"font-weight: 400;\">Dubai Land Department (DLD)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Dubai, the primary regulatory organisation for real estate is the <a href=\"https:\/\/www.squareyards.ae\/blog\/dubai-land-department-govart\">Dubai Land Department<\/a> (DLD). It is in charge of overseeing, supervising, and assuring safe and open real estate trading in Dubai. By offering a suitable regulatory framework, a dispute resolution mechanism, and other pertinent customer services, this government-run organisation is charged with protecting the interests of investors, landlords, and renters.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Real_Estate_Regulatory_Authority_RERA\"><\/span><span style=\"font-weight: 400;\">Real Estate Regulatory Authority (RERA)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<figure id=\"attachment_9279\" aria-describedby=\"caption-attachment-9279\" style=\"width: 1440px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-9279 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Real-Estate-Regulatory-Authority.jpg\" alt=\"Real Estate Regulatory Authority in Dubai\" width=\"1440\" height=\"625\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Real-Estate-Regulatory-Authority.jpg 1440w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Real-Estate-Regulatory-Authority-300x130.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Real-Estate-Regulatory-Authority-1024x444.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Real-Estate-Regulatory-Authority-768x333.jpg 768w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><figcaption id=\"caption-attachment-9279\" class=\"wp-caption-text\"><strong>Credits<\/strong> : Dubizzle<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Real Estate Regulatory Agency, or <a href=\"https:\/\/www.squareyards.ae\/blog\/rera-dubai-misart\">RERA Dubai<\/a>, one of DLD&#8217;s regulatory branches, sets the guidelines for the Dubai real estate market. These rules cover everything from Dubai&#8217;s legislation on renting and buying property to the legalisation and registration of several real estate-related transactions using various RERA forms.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"The_Rental_Disputes_Center_RDC\"><\/span><span style=\"font-weight: 400;\">The Rental Disputes Center (RDC)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The RDC, which is housed in the Dubai Land Department building in Deira, guarantees prompt and adequate settlement of rental disputes in Dubai and supports a thriving real estate market for both landlords and tenants. The RDC is an important inclusion in our collection of terminology and real estate terms in Dubai since it resolves rental disputes or tenancy law violations that the contracting parties cannot address on their own.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Makani\"><\/span><span style=\"font-weight: 400;\">Makani<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Makani, an Arabic term, means &#8216;my location.&#8217; Makani is a digital navigation system that uses the &#8216;Makani number,&#8217; a special 10-digit identification code, to identify every public space, building, and dwelling in Dubai.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Al_SaFat\"><\/span><span style=\"font-weight: 400;\">Al Sa\u2019Fat<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">You should also be familiar with the term &#8216;Al Safat&#8217; in the context of Dubai real estate, particularly if you work in the building industry. Al Sa&#8217;fat, also referred to as the Dubai Green Building System, oversees and encourages sustainable construction in the UAE.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Trakheesi\"><\/span><span style=\"font-weight: 400;\">Trakheesi<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Another Arabic phrase for real estate that is crucial for budding real estate agents is Trakheesi, which is used in Dubai. Brokerage companies and <a href=\"https:\/\/www.squareyards.ae\/blog\/real-estate-agent-in-dubai-regart\">real estate agents in Dubai<\/a> are granted licences and permissions through the Trakheesi system.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Dubai_Real_Estate_Terminology_Ejari_Special_Contracts_and_Services\"><\/span><span style=\"font-weight: 400;\">Dubai Real Estate Terminology Ejari : Special Contracts and Services<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Ejari is undoubtedly the most frequent real estate terms in Dubai you&#8217;ll hear in Dubai, whether you&#8217;re a renter or an owner renting out property. The manner in which tenancy agreements are registered in Dubai is standardised and called Ejari. To be eligible for a number of necessary services in the city, such as obtaining a new <a href=\"https:\/\/www.squareyards.ae\/blog\/dubai-electricity-and-water-authority-govart\">Dubai electricity and water authority<\/a> connection, signing up for phone and internet service, and even sponsoring your dependents, you must register as an Ejari.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Oqood\"><\/span><span style=\"font-weight: 400;\">Oqood<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Oqood is the most significant term when studying commercial and residential real estate terminologies and terms that specifically refer to off-plan properties. Oqood automates, registers, and maintains the off-plan real estate transactions and markets in Dubai, much like <a href=\"https:\/\/www.squareyards.ae\/blog\/ejari-system-misart\">Ejari system<\/a> does. To ensure transparency in the management of their off-plan developments, this platform also provides real estate developers with a variety of other services.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Musataha\"><\/span><span style=\"font-weight: 400;\">Musataha<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Dubai and the United Arab Emirates, a real estate agreement called a &#8216;Musataha&#8217; enables you to lease the land from the owner and use it for up to 50 years to build a house or for any other permissible purpose. Any building done on property acquired through the Musataha functions similarly to leasehold ownership. When the lease expires, the builders&#8217; rights to the land and possessions are lost. The length of time that the lease must be repaid is referred to as the lease period.<\/span><\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Commercial_and_Residential_Real_Estate_Terms_in_Dubai\"><\/span><span style=\"font-weight: 400;\">Commercial and Residential Real Estate Terms in Dubai<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Freehold\"><\/span><span style=\"font-weight: 400;\">Freehold<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<figure id=\"attachment_9280\" aria-describedby=\"caption-attachment-9280\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-9280 size-full\" src=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Freehold.jpg\" alt=\"Freehold property in dubai\" width=\"1280\" height=\"587\" srcset=\"https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Freehold.jpg 1280w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Freehold-300x138.jpg 300w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Freehold-1024x470.jpg 1024w, https:\/\/www.squareyards.ae\/blog\/wp-content\/uploads\/2023\/03\/Freehold-768x352.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><figcaption id=\"caption-attachment-9280\" class=\"wp-caption-text\"><strong>Credits<\/strong> : Metropolitan<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In Dubai, a buyer who purchases a freehold property has complete legal rights up to the time they choose to sell it to another person. Foreigners wishing to make a real estate investment can <a href=\"https:\/\/www.squareyards.ae\/sale\/property-for-sale-in-dubai\">buy properties in Dubai<\/a> classified as freehold, but only in specific regions of Dubai.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Leasehold\"><\/span><span style=\"font-weight: 400;\">Leasehold<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Purchasers are permitted to use and occupy a leasehold property for a set period of time. In Dubai, a 99-year initial leasehold term may be extended.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"BUA\"><\/span><span style=\"font-weight: 400;\">BUA<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The whole area under construction on the property is referred to as the BUA. It is the gross floor area in terms of a building or multi-story construction.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Saleable_Area\"><\/span><span style=\"font-weight: 400;\">Saleable Area<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The saleable area is the next definition in our glossary of real estate words in Dubai. The phrase refers to the property&#8217;s total square footage of gross floor area. Lifts, hallways, foyers, and stairs are examples of common or shared areas that are not included in the saleable area.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"SPA\"><\/span><span style=\"font-weight: 400;\">SPA<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A sales and purchase agreement, or SPA, is one of the most commonly used words in Dubai&#8217;s real estate market. The SPA is a binding agreement between the purchaser and seller that outlines the terms and conditions of the sale.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"POA\"><\/span><span style=\"font-weight: 400;\">POA<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The legal appointment of a representative to act on behalf of the person who issues the POA in the event of the issuer&#8217;s absence is made possible by a power of attorney, or POA. Any judgments made by the appointee are binding, as are any documents that they sign. A POA is required by law to have proper notarizations and attestations.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Title_Deed\"><\/span><span style=\"font-weight: 400;\">Title Deed<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Dubai Land Department accepts and registers title deeds. This document serves as ownership documentation and registers a specific piece of property with the relevant emirate authorities.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Form_A_B\"><\/span><span style=\"font-weight: 400;\">Form \u2018A\u2019 &amp; \u2018B\u2019<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are two distinct types here. Both of these documents are required by RERA and bind the parties contractually. The buyer and the agent both sign Form &#8216;A&#8217;. It not only establishes the working circumstances between them but also emphasises the agent&#8217;s responsibility. For this reason, it&#8217;s crucial to sign Form &#8216;A&#8217; when you hire an agent. The same principles apply to Form B, but it must be signed by the seller and the agent.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Escrow_Account\"><\/span><span style=\"font-weight: 400;\">Escrow Account<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Escrow accounts serve as a kind of third-party funding. The way it operates is that, after an escrow agreement has been completed, the merchant is given access to the transferred funds (by the buyer).<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Post-Handover_Payment_Plan\"><\/span><span style=\"font-weight: 400;\">Post-Handover Payment Plan<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The amount to be paid after the building is finished and the owners receive their keys is referred to as the &#8216;Post-Handover Payment Plan.&#8217;<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Snags\"><\/span><span style=\"font-weight: 400;\">Snags<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Any issues that could arise in newly constructed homes.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Non-freehold_property\"><\/span><span style=\"font-weight: 400;\">Non-freehold property<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Any property that is only permitted to purchase by citizens of the UAE or the GCC.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Furnished_Accommodation\"><\/span><span style=\"font-weight: 400;\">Furnished Accommodation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Furnished accommodations come with all necessary amenities.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Unfurnished_Accommodation\"><\/span><span style=\"font-weight: 400;\">Unfurnished Accommodation<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A place to stay without furniture. There may or may not be kitchen appliances available.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Gated_community\"><\/span><span style=\"font-weight: 400;\">Gated community<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Residences in brand-new freehold projects that include 24-hour security and security gates.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Off-Plan_Property\"><\/span><span style=\"font-weight: 400;\">Off-Plan Property<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Off-plan properties are those whose construction has not yet started or is only just getting started by the developer. The industry for <a href=\"https:\/\/www.squareyards.ae\/off-plan\/dubai\">off-plan properties in Dubai<\/a> is enormous. These are well-liked since they give customers fantastic payment options and rewards.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<h3 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"Completion_Bond\"><\/span><span style=\"font-weight: 400;\">Completion Bond<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A completion bond ensures that the constructor will complete his project for off-plan properties. A lender or a seller could be the insured party.<\/span><\/p>\n<p><strong>You May Also Read :<\/strong><\/p>\n<table style=\"width: 97.8155%; height: 253px;\">\n<tbody>\n<tr>\n<td width=\"301\">\n<p><strong>Steps To Property Handover Delay in Dubai<\/strong><\/p>\n<\/td>\n<td width=\"301\">\n<p><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/property-handover-delay-in-dubai-regart\">Property Handover Delay in Dubai<\/a><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\n<p><strong>All About Future of Real Estate in Dubai<\/strong><\/p>\n<\/td>\n<td width=\"301\">\n<p><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/the-future-of-real-estate-in-dubai-reart\">Future of Real Estate in Dubai<\/a><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"301\">\n<p><strong>Advantage of Online SEWA<\/strong><\/p>\n<\/td>\n<td width=\"301\">\n<p><strong><a href=\"https:\/\/www.squareyards.ae\/blog\/online-sewa-govart\">Online SEWA<\/a><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Dubai real estate market offers a wealth of opportunities. The choices are unlimited, whether you&#8217;re looking for your next significant investment, the ideal family home, or wish to work as a real estate salesperson. But before you enter the field, it&#8217;s crucial to become familiar with some of the lingo used in real estate [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,76,75,59],"class_list":["post-9277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dubai","category-real-estate-guide","category-real-estate-news","category-uae","gd-buyers-guide","gd-sellers-guide"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/9277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/comments?post=9277"}],"version-history":[{"count":9,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/9277\/revisions"}],"predecessor-version":[{"id":70349,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/posts\/9277\/revisions\/70349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media\/9278"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/media?parent=9277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.ae\/blog\/wp-json\/wp\/v2\/categories?post=9277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}