Category: Lexicon

Master Developer

A master developer is a leading property development company that has overall responsibility for the planning and development of large-scale property projects. In Dubai, master developers are responsible for the design, infrastructure development and quality assurance of entire neighbourhoods or communities and set the standards for sub-developers. In Dubai, master developers occupy a central position in the development of the property market. [...]

Valuation Report

A valuation report is a professional appraisal to determine the current market value of a property. This standardised valuation report is prepared by licensed valuers and serves as the official basis for property transactions, financing and official procedures in Dubai. The report is based on various valuation methods and takes into account both property-specific and market-related factors. In Dubai, the Valuation Report plays a [...]

Capital Appreciation

Capital appreciation is a key aspect of property investment, especially in Dubai's dynamic market. It differs from other forms of return, such as rental income, in that it represents the pure increase in value of the property itself. In Dubai, capital appreciation is favoured by several factors: Infrastructure development: new metro lines, roads and public facilities increase the attractiveness of areas Urban development projects: [...]

Shell and Core

The shell and core concept plays an important role in Dubai's property market, particularly in the commercial property segment. This type of construction offers tenants and buyers maximum flexibility in customising their premises. Typical features of a shell and core property: Completed building structure and external façade Basic mechanical and electrical installations Central utility ducts and connection points Bare floor without flooring No partition walls or [...]

Fit-Out

The fit-out process is particularly important in Dubai's dynamic property market. A basic distinction is made between Shell & Core (basic fit-out) and various fit-out stages. In detail, a fit-out comprises the following main areas: Technical installations: Electrical, air conditioning, plumbing Basic fit-out: flooring, wall design, ceiling panelling Room layout: partition walls, doors, window design Interior design: furnishings, lighting, decorative elements In Dubai, the fit-out standard is often determined by [...]

Variable Rate Mortgage

A variable rate mortgage is a type of mortgage where the interest rate adjusts to certain market reference interest rates during the term. Unlike fixed-rate mortgages, the monthly charge fluctuates in line with changes in the reference interest rate. This form of financing is particularly popular with international property investors in Dubai. The variable rate mortgage plays an important role in Dubai's dynamic property market. With [...]

Fixed Rate Mortgage

A Fixed Rate Mortgage is a type of mortgage where the interest rate remains constant over the entire term. This type of financing offers you maximum planning security, as the monthly instalments remain unchanged for the entire term of the loan. In Dubai, this form of financing is often offered by international banks and local financial institutions. The Fixed Rate Mortgage has established itself [...]

Building Completion Certificate (BCC)

The Building Completion Certificate (BCC) is an official document issued by Dubai Municipality confirming that a building has been completed in accordance with the approved plans and local building regulations. It serves as the final approval for the use of the property and is a key prerequisite for the legal handover to the owner or tenant. The Building [...]

Service Charges

Service charges play a particularly important role in Dubai, as many properties are part of large, luxury residential complexes or high-rise apartment blocks. These fees are regulated and monitored by the Dubai Real Estate Regulatory Authority (RERA) to ensure transparency and fairness. The service charges are made up of various components: Facility management: cleaning, security, reception Technical maintenance: [...]

Handover Date

The handover date refers to the contractually agreed date on which a property is handed over from the seller or developer to the buyer. This important milestone involves the final inspection of the property, the handover of keys and the transfer of responsibilities and rights to the new owner. In Dubai's dynamic property market, the handover date plays a [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]