Category: Lexicon

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 [...]

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 [...]

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 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: [...]

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 [...]

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 [...]

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 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 [...]

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 [...]

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 [...]