Category: Lexicon

In Dubai's property market, post-dated cheques play a central role in the settlement of tenancies. This practice differs significantly from the monthly bank transfers or direct debits commonly used in Western countries. How it works and what it means: When signing the rental agreement, the tenant typically hands over 1-4 post-dated cheques to the landlord Each cheque covers a specific rental period (often quarterly) The [...]

In Dubai, leasehold is an important alternative to traditional freehold ownership. This form of ownership is particularly common in certain neighbourhoods and development projects where full ownership is not offered for strategic or legal reasons. The most important features of the leasehold model are A fixed term for the right of use, usually 99 years The option to transfer or sell the right of use [...]

Maintenance fees play a particularly important role in Dubai, as the extreme climatic conditions and high quality standards require considerable maintenance work. The fees are made up of various components: Technical maintenance: In particular the maintenance of air conditioning systems, which are used intensively throughout the year in Dubai Communal facilities: Maintenance of pools, gyms and lobby areas Security services: 24/7 surveillance and access control [...]

In Dubai, subletting plays a particularly important role in the dynamic expatriate market. The practice of subletting is strictly regulated by the Dubai Land Department and the Real Estate Regulatory Agency (RERA) in order to protect both tenants and landlords. Important aspects of subletting in Dubai: Legal requirements: Written authorisation from the landlord is mandatory. This [...]

In Dubai's dynamic property market, early termination is an important issue that affects both tenants and landlords. The regulations are clearly defined by the RERA and provide a legal framework for both parties. Important aspects of early termination: Notice period: As a tenant, you must generally observe a notice period of 60 days Compensation: Usually [...]

The rent-to-own model, also known as hire purchase, offers an attractive alternative to direct property purchase in Dubai. The agreement consists of two main components: Rental phase: you rent the property for a fixed monthly amount Purchase option: you receive the right to purchase the property at a pre-agreed price In Dubai, this concept is particularly popular with property developers and investors [...]

In Dubai, common areas play a particularly important role in the property market, as they contribute significantly to the value and attractiveness of a property. The common areas in Dubai properties are characterised by particularly high-quality furnishings and luxurious design. Typical common areas in Dubai include Entrance areas and lobbies with concierge services and security personnel Leisure facilities such as swimming pools, spa areas [...]

In Dubai's dynamic property market, ROI plays a particularly important role in investment decisions. The calculation is based on the formula (Annual profit / total investment) x 100 = ROI in per cent The relevant factors are made up as follows: Annual profit: rental income minus running costs (administration, maintenance, insurance) Total investment: purchase price plus ancillary costs (estate agent fees, land transfer tax, renovations) In [...]

Amenities play a particularly important role in Dubai's dynamic property market. They are not only a decisive factor in property selection, but also a key differentiator between different offers. Amenities can be divided into different categories: Basic amenities Car parks and underground car parks Lifts and lobby areas Basic security systems Lifestyle amenities Swimming pools and spa areas Fitness centres and sports facilities Communal areas and green spaces [...]

A Memorandum of Understanding (MOU) is a pre-contractual agreement between the buyer and seller of a property in Dubai that documents the main terms of the proposed purchase. This document sets out the basic intentions and agreements of the parties, but is usually not legally binding. It serves as the basis for the subsequent purchase contract and is in [...]