Most Common Dubai Real Estate Buzzwords You Need to Know

Dubai real estate market is one of the most dynamic in the world. Many dream of investing here. It is a modern, fast-paced country that has a growing popularity with foreigners for both tourism and investment.

There are many buzzwords that you need to know if you want to invest in Dubai real property. These terms are common in the market, and they are essential if you want to invest. These words are crucial to understand many of the legal terms.

10 Most Common Dubai Real Estate Buzzwords

Let’s look at the top 10 buzzwords in Dubai’s realty industry.

1. Off-Plan Property

Properties not on the official plans refer to properties whose construction is still in its initial stages.

Dubai is a huge market for Off–Plan properties. These properties are very popular because they offer attractive payment plans and incentives for the buyers.

2. Oqood

If you plan to invest in an offplan property in Dubai’s real estate market, Oqood will be a key term. It’s an online platform under the Dubai Land Department (DLD).

It’s used to register real-estate developers’ projects with DLD. This platform is crucial as your contract to buy an off-plan property under Oqood.

3. DEWA

DEWA is the Dubai Electricity and Water Authority. This authority is responsible for the distribution of two main utilities, namely. Water and electricity are distributed throughout the Emirate.

To get water and electricity, every Dubai housing unit must have a DEWA connection. This is done by assigning a DEWA registration number.

4. Makani

This Arabic word literally means “my location”. Makani is a unique 10-digit number to which every building in the emirate has been allotted.

The Makani number is used to locate any building on portal makani.ae.

5. Title Deed

This serves as proof of ownership.

6. Form ‘A&’ and ‘B’

These forms are different. These forms, which are both mandated by RERA, contractually bind all parties (seller, agent and buyer).

The buyer and the agent sign the Form ‘A. The form ‘A’ is signed by the buyer and agent. It outlines the terms and conditions of their working relationship. When hiring an agent, it is crucial to sign the form “A”. Form B is the same, but signed between the agent and seller.

7. Escrow Account

An escrow account is a third-party financing medium. It works by allowing the buyer to transfer money to the merchant once the escrow agreement is fulfilled.

8. Post-Handover Payment Program

The Payment Plan for Post-Handover is the amount that must be paid once the building is completed and the keys are handed over to the owner.

9. Ejari

Ejari, an Arabic term that means “my rent”, is a word from Arabic. It’s an electronic online regulatory system that documents all rental transactions and registers every tenancy contract in Dubai.

10. RERA

RERA develops and implements policies and plans to regulate the Dubai real estate market, in particular to encourage foreign investment in Dubai. But RERA also handles disputes between landlords and tenants.

These are the most popular buzzwords in Dubai’s property market. It is best to hire a trustworthy agent to guide you through the Dubai real estate market. These things will be taken care of by your agent, so you don’t have to. Get your agent at Provident. We are the trusted and transparent name in real estate.

Dubai Hills Estate

It is also known as Dubai Hills and is one of Dubai’s most popular golf communities The Development is located in the Al Khail Road (E44), near Al Barsha South, and offers luxury properties for rent or sale in a variety of configurations.

Here you will find luxury apartments, villas, and townhouses in a variety of layouts, depending on the number of bedrooms.

Emaar’s Dubai Hills Estate is easily accessible to its residents due to its central location. Residents feel calm and refreshed because of the many green spaces and pathways that make up the community.

The community covers an enormous area of over 1.4 million square feet. Open spaces and parks are devoted to a total of 1.4 million sq.

Its 18-hole golf course is undoubtedly its focal point. The huge Dubai Hills Malls is another highlight. It is close to Dubai Marina, Downtown Dubai, and Emirates Hills making it easy to get around.

DAMAC Hills

It covers an enormous area of 42 million square feet. Damac Hills can be found in Dubailand. It is a DAMAC Properties project and contains a variety mixed-use properties. It is one of the most popular golf communities and it is located on Al Qudra Road D63, close to Mudon, Remraan, and other areas along the highway including Town Square, Arabian Ranches 2 The Sustainable City, and Arabian Ranches 2.

The area also has a championship golf club and a multi-purpose arena, are many types of residential properties in DAMAC Hills. There are many options available for townhouses, apartments and villas with varying layouts.

Because of their affordability and design, villas are very popular with residents. The community offers many retail, dining, leisure, and wellness amenities.

Emirates Hills

Emirates Hills is a gated community that offers a luxurious lifestyle. It is part Emirates Living Projects. It borders The Springs and The Lakes and The Meadows. You can also find Dubai Marina, Jumeirah Village Circle and Jumeirah Lake Towers nearby.

The Montgomerie Golf Club is located in Emirates Hills. Many of the housing units here overlook this incredible golf course. There are many amenities for residents, including swimming pools and state-of the-art fitness centers with There are also ample parking spaces and BBQ areas.

This area is also known as the Beverly Hills of Dubai. Many open spaces give it a feeling of serenity, and its surroundings are fresh.

Design Structure

The community features both villas and separate homes that have a unique design, structure, and layout. It is freehold and well-known by expats.

Many foreign nationals live in luxury villas and enjoy the unique lifestyle offered by this development.

This master-planned community is family-friendly and promises luxurious living. It is known for its elegant neighborhoods and dedicated pet parks.  Although it is close to many areas, Emirates Hills offers a tranquil and peaceful lifestyle that is a blessing in a bustling city like Dubai.