11 Glossary Terms and Abbreviations for Real Estate in Dubai - PowerPoint PPT Presentation

About This Presentation
Title:

11 Glossary Terms and Abbreviations for Real Estate in Dubai

Description:

There are certain glossary terms and abbreviations that come up in real estate in The United Arab Emirates. These terms can be helpful when purchasing a property in the UAE. Let’s get to know them used as they are generally used by Dubai property lawyers and real estate professionals in the UAE. For more, visit – PowerPoint PPT presentation

Number of Views:56
Slides: 9
Provided by: mariamthomas147
Category:

less

Transcript and Presenter's Notes

Title: 11 Glossary Terms and Abbreviations for Real Estate in Dubai


1
11 Glossary Terms and Abbreviations for Real
Estate in Dubai
  • There are certain glossary terms and
    abbreviations that come up in real estate in The
    United Arab Emirates. These terms can be helpful
    when purchasing a property in the UAE. Lets get
    to know them used as they are generally used by
    Dubai property lawyers and real estate
    professionals in the UAE.

2
  • BUA- This is an abbreviation for a built-up area.
    This is the gross floor space of a building. It
    is the complete construction area on the land.

Deferred Payment- This is a kind of payment which
is not made immediately.
3
  • EIBOR- EIBOR stands for Emirates Interbank Offer
    Rate. This is a kind of rate which is charged by
    banks in the Emirates for financing.

DEWA- Its full form is Dubai Electric and
Water. DEWA provides power and water.
4
  • DIRHAM- Also called AED or Dhs, the UAE Dirham is
    the currency, divided into 100 fils. DHIRHAM is
    used across the United Arab Emirates.

FREEHOLD- FREEHOLD is a property arrangement. It
means you possess the property and the land it
sits on.
5
  • INVESTMENT ZONES- Emigrants can purchase
    interests in properties situated only in areas of
    Abu Dhabi known as Investment Zones.

LEASEHOLD- LEASEHOLD is a property arrangement.
It can limit the period of ownership. The period
can range from 30-99 years.
6
  • MUSATAHA- MUSATAHA is a 50-year development
    lease. It allows you to build on undeveloped land.

Lease Period- Lease period is the time period.
During it, the lease has to be repaid in full.
7
  • RERA- The Real Estate Regulatory Agency (RERA) is
    a government agency (a part of the Dubai Land
    Department) that regulate the real estate sector
    in Dubai.

8
  • Before meeting real estate professional or
    property lawyers in Dubai, make sure youre
    familiar with these glossary terms and
    abbreviations.

Thank You
Write a Comment
User Comments (0)
About PowerShow.com