The real estate industry in Dubai has had a notable upswing, with transactions reaching over AED 500 billion in 2022—a significant 78% rise from the year prior. With transactions surpassing AED 300 billion in just the first half of the year, the trend has continued into 2023. Due to the city's robust economy, stable political environment, and advantageous position, it is anticipated that the population will quadruple by 2040. First-time purchasers may find it hard to navigate the complicated world of real estate investment in Dubai, as it involves being familiar with important terms and procedures.
It can be alluring to invest in real estate in Dubai or other UAE cities for capital gains or rental income. Dubai provides profitable investment prospects, but for transactions to go smoothly, you should be familiar with some key terminology, including those that are in Arabic.
"Ejari" is one of the first few Arabic terms you may have heard frequently if you've been dabbling in Dubai's real estate market. Rental contracts are managed using the Ejari registration system. Landlords and tenants use this method to formally register their rental agreements with the relevant municipal authorities.
Buy-to-let investors can file their lease contracts in Dubai via the standardised Ejari process. Ejari is a crucial document needed for many housing and government-related procedures, including getting a Dewa, applying for a visa, and connecting to the internet.
If you are renting a home in Dubai, this registration is mandatory. The leasing agreement is binding, legitimate, and official due to the Ejari system. It is your pass to all home amenities and services, including phone and internet access, energy and water and the ability to sponsor your dependents. The Ejari system is also used to address future issues pertaining to your rental agreement, such as the resolution of rental income disputes.
The Dubai Land Department (DLD) is the government agency that deals with all issues about the legalisation of real estate transactions in Dubai. It regulates, controls and makes sure that real estate transactions in Dubai are safe and open. Buyers need to be informed that every sale transaction has a necessary 4% fee to be paid to the DLD."A government organisation called the Real Estate Regulatory Agency [Rera] was founded in 2007 to oversee the real estate market in Dubai.
The Dubai Land Department Waiver, or DLD Waiver, is a special programme designed to boost Dubai's real estate industry. Property purchasers can save a substantial sum of money on transaction fees thanks to this waiver, particularly the 4% property registration charge that must be paid to the DLD.
When it comes to completed properties, the title deed from the Dubai Land Department (DLD) is the official record of property ownership. It is essential for real estate transactions in Dubai and serves as unquestionable proof of ownership. On the other hand, purchasers of off-plan properties receive an Oqood document, which serves as a form of title deed preface.
This document registers the property in the buyer's name and acts as the first proof of ownership, however, it is not as detailed as the title deed. Oqood simplifies the registration and administration of off-plan property contracts. When the project is finished, the agreement becomes a title deed, guaranteeing a smooth transfer of ownership rights.
For freehold properties in particular, knowing a property's saleable area is essential to assessing its value and possible return on investment. The real useable space on the property—which does not include common facilities like lobbies, lifts, or staircases—is referred to as the saleable area. It's the area of the property that the owner can use or sell. The saleable area includes communal sections that aren't up for sale as well as private spaces on the property, giving buyers a complete picture of the size and use of the property.
The phrase "Makani" or "Makani Number" must not overwhelm you; it is simply the Arabic word for "my location." Consider it a customised, locally relevant version of Google Maps with a twist. By giving buildings, landmarks, and public spaces a ten-digit identification number, Makani functions as an intelligent navigation system. With the help of this technology, users can locate buildings, share their location, and even transmit distress signals in an emergency, making city navigation a snap.
Makani numbers are frequently requested by delivery staff to monitor locations precisely. Makani functions as a clever navigation tool that simplifies position identification thanks to its distinct number-based methodology.
In Dubai, ready properties are prepared for occupancy, whereas off-plan properties are those that are either in the planning or building stages. Choosing an off-plan properties in Dubai may come with alluring incentives or ways to make payments.
Your gateway to offline planning in the digital realm. Discover a world of real estate opportunities through our immersive offline property website experience
Apartments
Studios
AED 600,000
Dubailand
Studio, 1, 2
Apartments
AED 1,600,000
Dubai Creek Harbour
1, 2, 3
800 - 1761 Sq Ft
Villas
AED 4,360,000
The Valley
4
3685 Sq Ft
Villas
AED 4,370,000
The Valley
4
3708 Sq Ft
Apartments
AED 999,999
Jumeirah Village Circle
1, 2, 3
Apartments
Studios
AED 666,666
Jumeirah Village Circle
Studio, 1
382 - 2057 Sq Ft
Apartments
Studios
AED 600,000
Dubailand
Studio, 1, 2
Apartments
AED 1,600,000
Dubai Creek Harbour
1, 2, 3
800 - 1761 Sq Ft
Apartments
AED 999,999
Jumeirah Village Circle
1, 2, 3
Apartments
Studios
AED 666,666
Jumeirah Village Circle
Studio, 1
382 - 2057 Sq Ft
Apartments
Studios
AED 925,000
Al Furjan
Studio, 1
672 - 1198 Sq Ft
Apartments
Penthouses
AED 1,650,000
Rashid Yachts and Marina
1, 2, 3, 4
724 - 2977 Sq Ft
Apartments
Penthouses
Duplexes
AED 4,270,000
Dubai Harbour
1, 2, 3, 4, 5
1216 - 11032 Sq Ft
Apartments
Penthouses
Duplexes
AED Coming soon
Sheikh Zayed Road
1, 2, 3, 4
1267 - 5629 Sq Ft
Apartments
Penthouses
Duplexes
AED 2,100,000
Dubai Islands
1, 3, 4
823 - 4574 Sq Ft
Apartments
Duplexes
AED Coming soon
Tilal Al Ghaf
1, 2, 3
Apartments
Penthouses
Duplexes
AED 625,000
Jumeirah Village Circle
Studio, 1, 2, 3, 4
356 - 3845 Sq Ft
Apartments
Duplexes
Studios
AED 860,000
Jumeirah Village Circle
Studio, 1, 2
470 - 4416 Sq Ft
Villas
Mansions
AED 14,000,000
District 11
4, 5, 6
6545 - 16085 Sq Ft
Villas
Mansions
AED 25,000,000
Tilal Al Ghaf
6, 7
11730 - 12720 Sq Ft
Villas
Mansions
AED 7,500,000
Mohammed bin Rashid City
4, 5, 6, 7
6858 - 22969 Sq Ft
Villas
Townhouses
Mansions
AED 3,999,000
Jumeirah Golf Estates
3, 4, 5, 6
3160 - 15089 Sq Ft
Mansions
AED 18,500,000
Tilal Al Ghaf
5, 6
10344 - 17994 Sq Ft
Apartments
Penthouses
AED 1,650,000
Rashid Yachts and Marina
1, 2, 3, 4
724 - 2977 Sq Ft
Apartments
Penthouses
AED Coming soon
Business Bay
2, 3 & 4
Apartments
Penthouses
Duplexes
AED 4,270,000
Dubai Harbour
1, 2, 3, 4, 5
1216 - 11032 Sq Ft
Apartments
Penthouses
AED 2,120,000
City Walk
1, 2, 3, 4, 5
786 - 9225 Sq Ft
Apartments
Penthouses
Studios
AED 1,699,999
Business Bay
Studio, 1, 2, 3
Apartments
Penthouses
AED 5,800,000
Dubai Marina
2, 3, 4, 5
2000 - 14102 Sq Ft
Apartments
Studios
AED 600,000
Dubailand
Studio, 1, 2
Apartments
Studios
AED 666,666
Jumeirah Village Circle
Studio, 1
382 - 2057 Sq Ft
Apartments
Studios
AED 925,000
Al Furjan
Studio, 1
672 - 1198 Sq Ft
Apartments
Studios
AED 650,000
Dubai Science Park
Studio, 1
480 - 820 Sq Ft
Apartments
Studios
AED 863,998
Dubai Science Park
Studio, 1, 2
446 - 1789 Sq Ft
Apartments
Studios
AED 1,000,000
Dubai Hills Estate
Studio, 1, 2
377 - 1389 Sq Ft
Townhouses
AED 1,900,000
Dubai Islands
4
2352 - 2415 Sq Ft
Townhouses
AED 2,480,000
The Valley
3, 4
2452 - 2731 Sq Ft
Townhouses
AED 2,480,000
The Valley
3, 4
2456 - 2731 Sq Ft
Villas
Townhouses
AED 6,000,000
Mohammed bin Rashid City
3, 4
3200 - 5000 Sq Ft
Townhouses
AED 2,480,000
The Valley
3, 4
1952 - 4041
Townhouses
AED 2,700,000
Emaar South
3, 4
2446 - 2753 Sq Ft
Villas
AED 4,360,000
The Valley
4
3685 Sq Ft
Villas
AED 4,370,000
The Valley
4
3708 Sq Ft
Villas
Townhouses
AED 6,000,000
Mohammed bin Rashid City
3, 4
3200 - 5000 Sq Ft
Villas
AED 4,480,000
Emaar South
4, 5
4016 - 4912 Sq Ft
Villas
Townhouses
AED 2,490,000
Dubai Investments Park
3, 4
2167 - 3680 Sq Ft
Villas
Townhouses
AED 4,180,000
Nad Al Sheba
3, 4, 5, 6, 7
2780 - 8614 Sq Ft
Subscribe to our Daily, Weekly and Monthly Newsletters, Expert Advice and Latest Launch with Zero Spam, Unsubscribe Anytime.