Category: Lexicon

An off-plan property is a property that is still in the planning or construction phase and is offered for sale before completion. This form of investment is particularly popular in Dubai as it often offers attractive price advantages and flexible payment plans. The purchase is based on construction plans, visualisations and sample flats. The purchase of an off-plan property in [...]

A ready property is a fully completed property in Dubai that can be occupied or rented out immediately after purchase. These properties already have all the necessary connections, permits and fixtures and fittings and allow you to move in immediately without having to wait any longer. Ready properties occupy a special position in Dubai's dynamic property market. In contrast to off-plan projects, [...]

A mixed-use development is a property project that combines different types of use such as living, working, retail and leisure in an integrated concept. This modern form of urban development creates lively microcosms that are characterised by short distances and a wide range of possible uses. In Dubai, mixed-use developments represent a central component of the urban development vision of a networked, future-orientated metropolis. In Dubai, [...]

The rent cap in Dubai is a legal regulation that limits the maximum annual rent increase. This rent cap was introduced to protect tenants from excessive rent increases and at the same time ensure a stable property market. The amount of the permitted rent increase is based on the deviation of the current rent from the average market price. The rent cap is an important [...]

Loan-to-value (LTV) refers to the ratio between the amount of a property loan and the market value of the financed property. This important ratio is expressed as a percentage and is strictly regulated in Dubai. It largely determines how much equity you as a buyer need to raise to purchase a property. The loan-to-value (LTV) ratio plays a central role in the Dubai property market [...]

The Mortgage Pre-Approval is a provisional commitment from a bank regarding the maximum amount of a possible mortgage loan. This pre-approval is based on a comprehensive review of your financial situation and gives you, as a potential property buyer in Dubai, planning security when looking for a property. It is usually valid for 60-90 days. The Mortgage Pre-Approval plays a central role in Dubai's property market, especially [...]

The security deposit is a deposit that must be paid by the tenant to the landlord when renting a property in Dubai. It serves as financial security for possible damage to the property or outstanding payments. In Dubai, this security deposit usually amounts to 5% of the annual rent and is refunded if the tenancy is terminated in accordance with the contract. The security [...]

The renewal clause is a contractual provision in rental agreements that defines the conditions and modalities for a contract extension. It regulates important aspects such as the extension period, notice periods and possible rent adjustments in the event of a contract extension. In Dubai, this clause is particularly relevant as it offers both tenants and landlords legal certainty in the dynamic property market. In the context [...]

The tenancy contract is the legally binding rental agreement between the landlord and tenant of a property in Dubai. This standardised contract must comply with the regulations of the Real Estate Regulatory Agency (RERA) and be registered in the Ejari system. It regulates all key aspects of the tenancy, such as the rental period, payment terms and obligations of both parties. In Dubai, the tenancy contract differs [...]

The Gross Floor Area (GFA) refers to the total gross floor area of a property, which is the sum of all covered and enclosed areas of all floors. In Dubai, the GFA is a decisive parameter for property valuation, construction planning and price calculation, which is calculated according to the guidelines of Dubai Municipality. The Gross Floor Area (GFA) plays an important role in the property market [...]