Category: Lexicon

Mortgage Cap

In Dubai, the mortgage cap refers to the regulatory upper limit for property financing, which is set by the UAE Central Bank. This regulation determines the maximum percentage of the purchase price of a property that banks may lend. The mortgage cap serves to stabilise the property market and protect against excessive debt. In Dubai, the mortgage cap plays a [...]

DLD Transfer Fee

The DLD Transfer Fee is a mandatory administrative fee that must be paid to the Dubai Land Department (DLD) when buying or selling a property in Dubai. It amounts to 4% of the agreed purchase price as standard and serves to officially register the transfer of ownership. This fee is an essential part of the incidental purchase costs for property transactions in Dubai. The DLD transfer [...]

Title Deed

The Title Deed (Arabic: Mulkiya) is the official title deed for property in Dubai, issued by the Dubai Land Department (DLD). This legally binding document confirms the ownership of a property and contains all the essential information about the property and its legal owner. The Title Deed plays a central role in Dubai's property market and is comparable [...]

Gated Community

A gated community is a closed residential complex with controlled access and comprehensive security measures. These exclusive residences not only offer their residents increased security, but also numerous communal facilities and amenities. In Dubai, gated communities are a particularly popular and prestigious form of housing. In Dubai, gated communities have established themselves as a favoured form of living and have a decisive influence [...]

SPA (Sales and Purchase Agreement)

The Sales and Purchase Agreement (SPA) is the legally binding contract of sale between the buyer and seller of a property in Dubai. This standardised document is regulated by the Dubai Land Department (DLD) and contains all essential agreements regarding the property transfer, including purchase price, payment terms and transfer modalities. The SPA is a mandatory part of any property transaction in Dubai and must be signed by the [...]

Yield

Yield refers to the annual rental yield of a property, expressed as a percentage ratio between the gross rental income and the purchase price. This key figure is an important indicator of the profitability of a property investment and enables investors to quickly compare different investment opportunities. Yield plays a central role in investment decisions in Dubai's property market. Compared to established markets such as [...]

NOC (No Objection Certificate)

An NOC (No Objection Certificate) is an official clearance certificate that is required in Dubai for various property transactions. This document confirms that there are no legal or administrative objections to a particular transaction. In Dubai, the NOC is often issued by various authorities, developers or management companies and is mandatory for many property-related activities. The NOC plays [...]

Property Management

Property management refers to the professional administration and management of properties on behalf of the owners. This service includes all administrative, technical and commercial tasks required to maintain the value of a property. In Dubai, property management has developed into a particularly important service area that combines international standards with local requirements. Property management is defined as [...]

Facilities Management

Facilities management in Dubai has developed into a highly specialised service sector that is indispensable for maintaining the value and operation of properties. The special requirements result from several factors: Climatic challenges: The extreme temperatures and sand dust require special maintenance concepts for air conditioning systems and building technology. Building complexity: Dubai's modern skyscrapers have highly complex technical systems, [...]

Completion Certificate

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

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. [...]

RERA (Real Estate Regulatory Agency)

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 [...]

Post-handover payment plan

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 [...]

Oqood

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, [...]

Dubai Land Department (DLD)

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 [...]