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Real Estate Terms in Dubai Properties
Payment Plans XY: Payment Schemes
This refers to the percentage of the payment plan before and after the handover of the property. For example, in a 40/60 plan, 40 stands for the percentage of the price before delivery and 60 for the percentage after the property is handed over.
Properties: Real Estate
All immovable properties located within one property, such as houses, apartments, villas, etc., are called properties or real estate.
Secondary Market: Pre-owned Property Market
The buying, selling, and market for second-hand properties is called the Secondary Market.
Offplan: Pre-sale
Purchasing property before the project is built is called off-plan or pre-sale. Lower prices, flexible installment sales plans, tax advantages, and more are among the benefits of off-plan.
Post Handover:
The possibility of paying more of the property price after handover.
Ready to Move: Ready for Delivery
Ready to Move refers to projects that are ready for delivery at the time of purchase.
Payment Plans: Payment Terms
Payment Plan refers to the terms and method of paying money in real estate transactions. Terms are determined by installment period, amount of down payment, post-handover payment percentage, etc.
Dubai Land Department (DLD): Dubai Land Authority
The Dubai Land Department (DLD) is the main authority for all real estate transactions that certifies property ownership rights.
ROI (Return on Investment): Investment Return Rate
ROI is the abbreviation for Return on Investment, meaning the rate of return or profit relative to the investment cost and capital volume.
Real Estate: Real Estate Agent
Real estate agent or consultant is a person who helps people buy and sell homes. Their duties include reviewing property listings, verifying property documents, and confirming the identity of parties, etc.
Deposit: Advance Payment
Deposit refers to the upfront payment or collateral amount.
Real Estate Regulatory Agency (RERA): Real Estate Regulator
The Real Estate Regulatory Agency (RERA) is a subsidiary of the Dubai Land Department (DLD) responsible for setting regulations, organizing programs, etc. within the real estate sector.
Developer: Construction Company
Developer refers to construction companies that carry out the building and development of projects.
Hand Over: Property Delivery
When the payment is made in full and the home is delivered, it is called 'Hand Over' or 'Completion'.
Golden Badge:
The Dubai Land Department (DLD) annually ranks real estate brokerage companies to maintain the trust of foreign investors. The Golden Badge is the highest ranking in this category.
Ejari: Rental Agreement
Ejari is an online system for registering and legalizing rental contracts, protecting the rights of both landlords and tenants in Dubai.
Ready to Move: Ready for Handover
'Ready to Move' refers to projects that are ready for handover at the time of purchase.
A growing economy, no need to pay income tax, high return on investment (ROI), ability to receive a temporary residency by buying property via pre-sale with long-term installments, advanced infrastructure, easy access to major global markets, political stability, and high security are some reasons why stepping out of your comfort zone to invest in Dubai makes sense.
Migrating to and living in one of the most developed cities of the Middle East with high security and a bright future offers advantages such as a fair and transparent immigration system, access to excellent education, multicultural diversity, no personal income tax, economic stability, proximity to Iran, and more. These factors make Dubai one of the world's best cities for immigration right now.
Investing in real estate preserves your capital against inflation, real estate market risk is low, provides stable income from renting, no taxes for property purchases, assurance of long-term capital growth, and more. This makes real estate investment a popular and reliable method for investing under current conditions.
With 19 years of experience in Dubai's real estate market, New Way is one of the oldest Iranian real estate consultants in Dubai. New Way has consistently received some of the most trusted real estate awards from the Dubai Land Department in 2021, 2022, and 2023. Expertise and an outstanding track record are the main reasons why New Way should be your real estate investment advisor in Dubai!
Winning three consecutive Golden Medals from the Dubai Land Department is proof of New Way’s safe, reliable transactions and compliance, as acknowledged by the Dubai Land Department. With 19 years of expertise and experience, New Way offers the best options for property buyers.
By getting exclusive offers from developers such as document registration fee payment, New Way’s high reputation among property developers and authorities like the Dubai Land Department, and extensive connections, New Way can offer the best prices and conditions to customers. Additionally, New Way can secure good prices from canceled projects whose sales have ended, providing suitable options for clients.
