1. Freehold: Refers to property ownership without any time restrictions. The owner has full rights to use, lease, or sell the property.

2. Leasehold: The right to use and occupy a property for a specific period, typically granted by the government or property developer.

3. Title Deed: A legal document that proves ownership of a property. In Dubai, it is issued by the Dubai Land Department.

4. Off-Plan Property: Property purchased before it is completed. Buyers often invest in projects under construction, and prices may be lower during this stage.

5. Escrow Account: A third-party account where funds are held during a property transaction. This ensures that the buyer's money is protected until the property is transferred.

6. Dubai Land Department (DLD): The government authority responsible for regulating and overseeing the real estate sector in Dubai.

7. RERA (Real Estate Regulatory Agency): Part of the DLD, RERA regulates and supervises the real estate market, ensuring transparency and fair practices.

8. Service Charge: The fee paid by property owners for the maintenance and upkeep of common areas and facilities in a development.

9. Common Area: Shared spaces within a development, such as swimming pools, gyms, and parking lots, maintained by service charges.

10. Mortgage: A loan obtained to purchase a property. In Dubai, there are various financing options available through local and international banks.

11. ROI (Return on Investment): The percentage gain or loss on an investment relative to the amount invested, often used to assess the profitability of a property.

12. No Objection Certificate (NOC): A document issued by the developer or property owner, allowing a buyer to transfer ownership or make changes to the property.

13. Ejari: The legal system for tenancy contracts in Dubai. All rental agreements must be registered with Ejari.

14. Municipality Fee: A fee imposed by the local municipality for services and infrastructure provided in a specific area.

15. Strata Title: Common in condominiums, it allows individual ownership of a unit along with shared ownership of common areas.

16. Gated Community: A residential development with restricted access, often featuring amenities like security, landscaping, and communal facilities.

17. Power of Attorney: A legal document that allows a person to act on behalf of another in specific legal or financial matters, often used in property transactions.

18. Real Estate Broker: A licensed professional who facilitates property transactions between buyers and sellers.

Back 2 Back contracts

BHK

In the context of real estate in the UAE, “BHK” stands for “Bedroom, Hall, and Kitchen.” It is a term commonly used to describe the number of bedrooms in an apartment or residential unit. The number before “BHK” indicates the quantity of bedrooms in the property. For example:

- 1 BHK: One Bedroom, Hall, and Kitchen

- 2 BHK: Two Bedrooms, Hall, and Kitchen

- 3 BHK: Three Bedrooms, Hall, and Kitchen

So, when you see a property listing with a mention of “BHK,” it provides a quick reference to the number of bedrooms in the apartment or house. This classification helps prospective buyers or tenants understand the basic layout and size of the living space.

Understanding these terms will help you navigate the real estate market in Dubai more effectively. Keep in mind that regulations and terminology may change, so it's essential to stay updated with the latest developments in the Dubai real estate sector.