The Completion Certificate is an official document issued by the building authorities in Dubai confirming that a property project has been fully completed and complies with all building regulations. This certificate is an essential proof that a property is ready for occupancy and an important prerequisite for the legal use of the property. The completion certificate plays an important role in the property market [...]
Ejari is the official rental contract registration system in Dubai, which is managed by the Real Estate Regulatory Agency (RERA). The Arabic term means "my tenancy agreement" and refers to a mandatory system for documenting and legitimising all tenancies in the Emirate of Dubai. Ejari registration provides both tenants and landlords with legal security and official proof of the tenancy. [...]
The RERA (Real Estate Regulatory Agency) is Dubai's official property regulatory authority, which was founded in 2007. It acts as a supervisory body for the property market and reports to the Dubai Land Department. Its main task is to monitor and regulate all property activities in Dubai to ensure transparency and fairness in the market. RERA plays a central role in [...]
A post-handover payment plan is a flexible payment model for property purchases where part of the purchase price is paid in agreed instalments after the property has been handed over. This form of financing, which is very popular in Dubai, allows buyers to use the property while paying off the balance over a fixed period of time. Typically, 40-60% of the purchase price is paid [...]
The Oqood system is the official online platform of the Dubai Land Department (DLD) for the registration of off-plan property transactions in Dubai. It serves as a centralised digital register for the purchase and sale of properties under construction and ensures the legal security of all parties involved through the binding documentation of property rights. The Oqood system was introduced by the Dubai Land Department, [...]
The Dubai Land Department (DLD) is the UAE's central government authority for all property matters in Dubai. It was established in 1960 and is responsible for the registration, organisation and promotion of real estate investments in the emirate. As the supreme regulatory authority, the DLD ensures the legal security of property transactions and the development of the Dubai property market. The Dubai Land Department plays a [...]
The Dubai Electricity and Water Authority (DEWA) is Dubai's state-owned utility company responsible for the provision and management of electricity and water in the emirate. As the central point of contact for all utility issues, DEWA plays an essential role for property owners and tenants in Dubai. Established in 1992, DEWA has grown to become one of the most efficient [...]
Handover refers to the formal handover process of a property from the property developer to the buyer or tenant in Dubai. This important milestone includes the technical acceptance, document handover and final quality control of the property. The process marks the official transfer of responsibility and ownership of the property. The handover process is a crucial moment in property acquisition in Dubai and [...]
An escrow account is a fiduciary account that is mandatory in Dubai for secure property transactions. It is managed by an authorised bank and serves to protect all parties involved by ensuring that payments are only made according to agreed terms. This system is a key component of the security measures established by the Dubai Land Department (DLD). [...]