Archives:

Standardized contract between seller and buyer of a property in Dubai , detailing the terms and conditions of the real estate transaction (also known as a “Unified Sales Contract”).

Contract (brokerage agreement) by means of which the buyer and real estate agent agree to purchase or arrange the purchase of a property.

Contract by which seller and real estate agent in Dubai agree to offer a property for sale.

Procedure by which the lender obtains repossession of the collateral (property) upon default of principal payments.

Offer document issued by the lender notifying the buyer (mortgagor) of the commitment to finance the purchase of a property in Dubai (mortgage loan) in accordance with the further notified details (subject of the loan, collateral, interest rate, term). Before receiving the final financing offer for the purchase of a property in Dubai, a basic…

A bank or other financial institution registered with the Dubai Land Department (Dubai Land Department) and authorized to maintain escrow accounts.

When purchasing “off-plan” real estate in Dubai (real estate under construction), payments are to be made exclusively to so-called escrow accounts. The escrow accounts are maintained by project developers with local banks that are specially licensed for this purpose and registered with the Dubai Land Department. The use of the funds deposited in the Escrow…

EJARI is a system implemented and maintained by the Dubai Land Department for the registration of leases in Dubai. The registration of existing leases has become a mandatory requirement for the release of electricity and water. Furthermore, EJARI registration is necessary to conduct proceedings before the Rental Dispute Resolution Center.

The Dubai Land Department (DLD) is responsible, among other things, for the registration of real estate transactions (purchase/sale of real estate) as well as their registration in the land register and the issuance of the related title of ownership. In addition, the DLD issues implementing regulations relating to real estate laws and provides a range…

Designated areas, also known as “Freehold Areas”, are areas in the Emirate of Dubai where full ownership of real estate can be acquired even if the purchaser is a non-GCC national. The ownership of real estate in Dubai is proven by the so-called “Title Deed”. At transfer of ownership, the entry in the register of…