Dubai Real Estate Glossary
DUBAI REAL ESTATE GLOSSARY DICTIONARY
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A
- Agent (Noun): A licensed Real Estate professional who represents buyers and sellers in real estate transactions.
- Apartment (Noun): A self-contained housing unit within a larger building, often rented out to tenants. Check apartments for sale in Dubai
- Affordable (Adjective): Describes housing that is reasonably priced and within the financial means of the target market.
- Affordable Housing (Noun): Residential properties designed to be affordable for lower-income households, often with subsidies or government support.
B
- Broker (Noun): A licensed individual or Real Estate agency who facilitates transactions between buyers and sellers.
- Buyer (Noun): An individual or entity purchasing a property for personal use or investment purposes.
- Bungalow (Noun): A single-story house, typically with a low-pitched roof and a veranda.
- Burj Khalifa (Noun): The tallest skyscraper in the world, located in Dubai, United Arab Emirates
- Brokerage Fee (Noun): The commission paid to a real estate broker for facilitating a property transaction
C
- Commercial (Adjective): Pertaining to properties or activities related to business or commerce.
- Condominium (Noun): A type of housing where individual units are owned by residents, while common areas are jointly owned and managed.
- Contract (Noun): A legally binding agreement between parties outlining the terms and conditions of a real estate transaction.
D
- Developer (Noun): A poperty developer individual or company that buys land, builds structures, and sells or rents properties.
- Duplex (Noun): A Duplex is a residential building divided into two separate living units, each with its own entrance.
E
- Estate (Noun): A large area of land, including buildings and other improvements, owned by an individual or organization.
- Exclusive (Adjective): Describes a listing agreement where only one agent or brokerage has the right to sell a property.
- Expatriate (Noun): A person residing in a country other than their native country, often for employment purposes.
F
- Financing (Noun): The process of obtaining funds to purchase real estate through loans or mortgages.
- Freehold (Noun): Absolute ownership of real property, with full rights to use and dispose of the property as desired. Read more about Freehold properties
G
- Gated (Adjective): Describes a community or development with controlled access, often through security gates or barriers.
- Gulf (Noun): The body of water bordering the UAE, which influences coastal real estate development.
- Guarantee (Noun): A promise or assurance, often provided by developers or lenders, regarding the performance or quality of a property.
H
- Homeowner (Noun): An individual who owns and resides in a residential property.
- High-rise (Adjective): Describes tall buildings with multiple floors or stories, often found in urban areas.
I
- Investment (Noun): The act of committing money or resources with the expectation of financial gain, typically through rental income or property appreciation.
- Infrastructure (Noun): The basic physical and organizational structures and facilities needed for the operation of a society, including roads, utilities, and public services.
J
- Jumeirah (Noun): Palm Jumeirah is a prestigious residential area in Dubai known for luxury properties and beachfront living.
K
- Key Money (Noun): A one-time payment made by a tenant to secure a lease agreement.
- Keys (Noun): Physical objects used to unlock and gain access to a property.
L
- Lease (Noun): A contractual agreement granting temporary possession or use of a property in exchange for rent.
- Luxury (Adjective): Describes high-end properties and amenities associated with comfort, elegance, and exclusivity.
M
- Mayfair Propperties (Noun): Explore Dubai luxury properties with Mayfair Properties A trusted RERA certified Real estate agency in Dubai. Your one stop solution for all real estate needs
- Mortgage (Noun): A loan used to purchase real estate, secured by the property itself.
- Master (Noun): The primary or main entity or plan, often used in the context of planned communities or developments.
N
- Neighborhood (Noun): A geographically localized community within a larger city or town.
- New (Adjective): Refers to properties, developments, or construction that is recently completed or under construction.
O
- Owner (Noun): An individual or entity holding legal title to a property.
- Off plan (Adjective): Describes properties or developments sold before construction is completed.
P
- Property (Noun): Land, buildings, or other assets owned by individuals or organizations. Check properties in Dubai
- Penthouse (Noun): Penthouse is a luxurious apartment or residence located on the top floor of a building.
Q
- Qualified (Adjective): Describes individuals or entities that meet specific criteria or standards, often used in the context of buyers or tenants.
R
- Real estate (Noun): Property consisting of land and the buildings on it, along with its natural resources.
- Rent (Noun): Payment made by a tenant to a landlord in exchange for the use or occupancy of a property.
S
- Sale (Noun): The transfer of ownership of property from seller to buyer in exchange for a price.
- Studio (Noun): A small apartment or living space consisting of one main room, typically serving as living, sleeping, and dining areas.
- Suburb (Noun): Residential areas located on the outskirts of urban centers, often characterized by lower population density and quieter surroundings.
T
- Tenant (Noun): An individual or entity renting or leasing a property from a landlord.
- Title deed (Noun): A legal document proving ownership of a property.
U
- Under construction (Adjective): Describes properties or developments in the process of being built or completed.
- Unit (Noun): A single, self-contained housing or commercial space within a larger building or development.
V
- Villa (Noun): A detached or semi-detached residential property, often with its own land and amenities. Check villa for sale in Dubai
- Vacant (Adjective): Describes properties or units that are unoccupied or available for rent or sale.
W
- Waterfront (Adjective): Waterfront properties are located adjacent to water, such as a lake, river, beach or ocean.
- Walk-in (Adjective): Describes closets or storage spaces that are large enough for a person to enter and walk around in.
X
- Xeriscaping (Noun): A landscaping method that reduces or eliminates the need for supplemental watering, commonly used in arid climates.
Y
- Yield (Noun): The income generated by an investment property, typically expressed as a percentage of its value.
- Yacht (Noun): A large, luxurious boat often associated with high-end waterfront properties and marinas.
Z
- Zone (Noun): A designated area of land with specific regulations and permitted land uses, typically established by local government authorities.
- Zenith (Noun): The highest point or peak,