Category: Lexicon

Jun 09
Trakheesi

The Trakheesi system was introduced to make the property market in Dubai more transparent and secure. It is an indispensable tool for all parties involved in the property business, especially real estate agents and property companies. The approval process comprises several steps: Submission of the planned advertising documents via the online portal Checking the information for accuracy and completeness Checking compliance with the legal [...]

Jun 05
Makani

The Makani system was introduced in 2015 and has since established itself as an essential part of Dubai's Smart City initiative. Each property in Dubai has an individual Makani code based on GPS coordinates, ensuring an accuracy of one metre. The system offers several important advantages for prospective property buyers: Precise localisation of properties without complex address descriptions Simplified communication with [...]

Jun 01
Snagging

Snagging plays a particularly important role in Dubai's dynamic property market, where the highest quality standards are expected. The process involves various stages and should ideally be carried out by experienced professionals. The snagging process typically includes Visual inspection of all surfaces and fixtures Functional testing of all technical installations Documentation of all defects found Creation of a detailed list of defects (snagging list) It [...]

May 28
Chiller-Free

In Dubai, the air conditioning of properties plays a central role, as temperatures can regularly rise above 40°C in summer. With Chiller-Free properties, you benefit from a transparent cost model that includes air conditioning costs in the rental price. The concept is based on central cooling systems (district cooling) that supply entire building complexes or neighbourhoods. With Chiller-Free units [...]

May 24
Freehold

The freehold concept marks a milestone in the development of the Dubai property market. Prior to its introduction, the purchase of property in the United Arab Emirates was reserved exclusively for UAE and GCC (Gulf Cooperation Council) nationals. As an international investor, you can exercise the following rights in designated freehold zones: Unrestricted ownership of the property Free disposal of the [...]

May 20
Post-dated cheques

In Dubai's property market, post-dated cheques play a central role in the settlement of tenancies. This practice differs significantly from the monthly bank transfers or direct debits commonly used in Western countries. How it works and what it means: When signing the rental agreement, the tenant typically hands over 1-4 post-dated cheques to the landlord Each cheque covers a specific rental period (often quarterly) The [...]

May 16
Leasehold

In Dubai, leasehold is an important alternative to traditional freehold ownership. This form of ownership is particularly common in certain neighbourhoods and development projects where full ownership is not offered for strategic or legal reasons. The most important features of the leasehold model are A fixed term for the right of use, usually 99 years The option to transfer or sell the right of use [...]

May 12
Maintenance Fees

Maintenance fees play a particularly important role in Dubai, as the extreme climatic conditions and high quality standards require considerable maintenance work. The fees are made up of various components: Technical maintenance: In particular the maintenance of air conditioning systems, which are used intensively throughout the year in Dubai Communal facilities: Maintenance of pools, gyms and lobby areas Security services: 24/7 surveillance and access control [...]

May 04
Subletting

In Dubai, subletting plays a particularly important role in the dynamic expatriate market. The practice of subletting is strictly regulated by the Dubai Land Department and the Real Estate Regulatory Agency (RERA) in order to protect both tenants and landlords. Important aspects of subletting in Dubai: Legal requirements: Written authorisation from the landlord is mandatory. This [...]

Apr 30
Early Termination

In Dubai's dynamic property market, early termination is an important issue that affects both tenants and landlords. The regulations are clearly defined by the RERA and provide a legal framework for both parties. Important aspects of early termination: Notice period: As a tenant, you must generally observe a notice period of 60 days Compensation: Usually [...]