All emirates of the country provide services that meet the needs of those interested to save effort and time

9 terms you should know when entering the real estate sector

One of the most famous terms that an investor should know is the term rent-to-own.

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A Bayut.com report stated that there are a number of terms used in the real estate sector in the UAE that the tenant, investor, or even those wishing to work in the sector must know.

The report emphasized that all emirates of the country are trying to facilitate those wishing to enter the real estate sector by developing and launching many services that meet the needs of all individuals and those interested in the real estate market, in order to save effort and time to complete transactions and enhance the use of smart services related to the sector.

Here are the nine most important real estate terms identified by the report that you should know when entering the real estate sector:

1- “My rent”

The "Ejari" application is one of the most prominent real estate terms in the UAE, and one of the smart systems specialized in the rental sector in the Emirate of Dubai, where owners and investors can manage their properties through the application by registering their rental contracts directly.

2- “Documentation”

The “Tawtheeq” project aims to develop the real estate market and organize and strengthen the relationship between owners and tenants. Abu Dhabi launched this project in line with the strategy of the Emirate’s government and based on Vision 2030, which is also considered one of the most widely used real estate market terms.

“Tawtheeq” seeks to enhance cooperation between the private sector and government agencies, by contributing to enhancing security and safety and providing support.

3- “Certification”

The Emirate of Ajman has launched a certification system for electronic contract procedures, where you can certify and organize all residential and commercial lease contracts, and benefit from smart services in the Ajman Municipality and Planning Department through “attestation”.

4- “Musataha”

The term “musataha” is one of the most important real estate terms in the UAE market, as it is defined as a right in rem that allows its owner to benefit from the land of others for a term not exceeding 50 years and with a known wage within the rules and regulations set by the Civil Transactions Law in the UAE.

The Musataha service, or as it is known by the right of decision, was launched by the Dubai Land Department.

5- Rent-to-own

One of the most famous real estate terms that an investor should know is the term rent-to-own, meaning that a property can be rented for a certain period of time with the completion of the property being owned by the tenant, provided that the approval of the developer himself is obtained in advance.

6 - “My Licenses”

Trakheesi electronic system was issued by the Government of Dubai. It provides licensing and permit services for real estate companies and real estate brokerage offices electronically and in an organized manner.

7- “Sustainability”

The Estidama program, launched by the Department of Urban Planning and Municipalities in Abu Dhabi, aims to build a sustainable emirate by evaluating development projects with special grades called “pearls.” New project developers must obtain a minimum evaluation of one pearl to start work.

8- “Contracts”

Contracts is one of the important real estate terms in the real estate market and investment in the sector. It is a real estate portal that provides developers with a range of services to manage projects that are still under construction or on plan, in addition to registering initial sales without the need to go to the Dubai Land Department.

9- “The fronds”

The term “Al Sa’fat” is also known as the Green Building Assessment System, and it aims to transform the buildings of the Emirate of Dubai into green buildings that are environmentally friendly, with the need to ensure that all sustainability conditions are met by 100%.

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