1

1031 Exchange

Definition A 1031 Exchange, named after Section 1031 of the Internal Revenue Code, is a ta...

A

Absorption Rate

Definition The absorption rate in real estate is a metric used to evaluate the rate at which ava...

Active Income

Definition Active income refers to the earnings generated from activities in which an indi...

Affordability

Definition Affordability in the context of mortgage and financing refers to the ability of...

Agricultural Land

Definition Agricultural land refers to any parcel of land that is primarily used for farmi...

Al-Safat

Definition Al-Safat is a traditional architectural style found in the United Arab Emirates...

Amenities

Definition In the realm of real estate, "amenities" refer to the desirable or useful features an...

Amortization

Definition Amortization in real estate refers to the process of gradually paying off a debt over...

Amortization Schedule

Definition An amortization schedule is a detailed table that outlines each payment of a lo...

Apartment

Definition An apartment is a self-contained housing unit that occupies part of a building....

Appraisal

Definition An appraisal in real estate is a professional assessment of a property's value, condu...

Appraiser

Definition An appraiser is a professional who assesses the value of a property. This valuation,...

Appreciation

Definition Appreciation in real estate refers to the increase in the value of a property over ti...

ARV (After Repair Value)

Definition After Repair Value (ARV) is a crucial metric in real estate investment that rep...

Assessed Value

Assessed Value in Real Estate Definition The assessed value of a property is the dollar val...

Auction

Definition An auction in the context of real estate is a public sale where properties are sold t...

B

Backup Offer

Definition A backup offer in real estate is an offer made by a prospective buyer to purchase a p...

Balloon Payment

Term Balloon Payment Category Mortgage & Financing Definition A balloon paymen...

Base Rate (EIBOR)

Definition The Base Rate, commonly referred to as the Emirates Interbank Offered Rate...

Beachfront Property

Definition Beachfront property refers to real estate that is directly adjacent to a beach...

Bedsit

Definition A bedsit, short for "bed-sitting room," is a type of accommodation that com...

Bird Dogging

Definition Bird dogging is a real estate investment strategy where an individual, known as...

Bounced Cheque

Definition A bounced cheque, also known as a dishonored cheque, occurs when a bank refuses...

Bridge Loan

Definition A bridge loan is a short-term financing option designed to provide immediat...

BRN (Broker Registration Number)

Definition The Broker Registration Number (BRN) is a unique identification number assigned...

Broker

Definition A broker in the realm of real estate is a licensed professional who facilitates the b...

Brokerage

Definition A brokerage in the context of real estate is a firm or company that is licensed to fa...

BRRRR (Buy, Rehab, Rent, Refinance, Repeat)

Definition BRRRR is an investment strategy in real estate that stands for Buy, Rehab, Rent...

Building Code

Definition A building code is a set of regulations that specify the standards for constructed ob...

Building Permit

Definition A building permit is an official approval issued by a local government agency that al...

Bungalow

Definition A bungalow is a style of residential building that is typically characterized b...

Buy-and-Hold

Definition The "Buy-and-Hold" investment strategy is a long-term approach where an investo...

Buyer

Definition In the context of general real estate, a 'buyer' is an individual or entity that seek...

Buyer's Agent

Definition A Buyer's Agent is a real estate professional who represents the interests of a buyer...

C

Cabin

Definition A cabin is a small, often rustic dwelling typically located in rural or semi-ru...

Cap Rate Compression

Definition Cap Rate Compression refers to the phenomenon where the capitalization rate (ca...

Capital Expenditures (CapEx)

Definition Capital Expenditures, commonly referred to as CapEx, are funds used by a compan...

Capital Stack

Definition The term "capital stack" refers to the different layers of capital that are use...

Capitalization Rate (Cap Rate)

Definition The Capitalization Rate, commonly referred to as the cap rate, is a key met...

Cash Flow

Definition Cash flow refers to the net amount of cash being transferred into and out of an...

Cash Offer

Definition A cash offer in real estate refers to a proposal made by a buyer to purchase a...

Cash-on-Cash Return

Definition Cash-on-Cash Return (CoC Return) is a financial metric used primarily in real e...

Certificate of Occupancy

Definition A Certificate of Occupancy (CO) is an official document issued by a local government...

Chain of Title

Definition The "Chain of Title" refers to the sequence of historical transfers of title to a pro...

Chalet

Chalet: A Comprehensive Overview Definition A chalet is a type of dwelling that is traditio...

Chattel

Definition Chattel refers to movable personal property that is not permanently affixed...

Chiller Free

Definition "Chiller Free" refers to rental properties where the cost of cooling, typically...

Closing

Definition In real estate, "closing" refers to the final step in the property transaction...

Closing Costs

Definition Closing costs refer to the various fees and expenses that both buyers and selle...

Closing Disclosure

Definition A Closing Disclosure (CD) is a crucial document provided to borrowers in a real...

Cloud on Title

Definition A "Cloud on Title" refers to any claim, lien, or encumbrance that affects the c...

Cluster Home

Definition A cluster home is a type of residential property characterized by a group of ho...

CMA (Comparative Market Analysis)

Definition A Comparative Market Analysis (CMA) is a professional report prepared by real estate...

Co-borrower

Definition A co-borrower is an individual who applies for a loan alongside the primary bor...

Co-operative (Co-op)

Definition A co-operative, commonly referred to as a co-op, is a unique type of residentia...

Cold Shell

Definition A "Cold Shell" refers to a type of commercial property that is essentially a bl...

Commercial Building

Definition A commercial building is a structure that is primarily used for business purpos...

Commission

Definition In the context of real estate, a commission is a fee paid to a real estate agen...

Comparables (Comps)

Comparables (Comps) in Real Estate Definition In real estate, the term "comparables," often...

Compound

Definition A compound, in the context of real estate, refers to a residential development...

Compound Villa

Definition A compound villa refers to a luxurious residential property that is typically e...

Comps

Definition In real estate, "comps" is short for comparable sales. These are properties tha...

Condominium (Condo)

Definition A condominium, commonly referred to as a condo, is a type of residential proper...

Contingency

Definition In real estate, a contingency refers to a condition or requirement that mus...

Contract

Definition In the realm of real estate, a contract is a legally binding agreement between...

Conventional Loan

Definition A conventional loan is a type of mortgage that is not insured or guaranteed by...

Conveyance

Definition Conveyance refers to the legal process of transferring ownership of real proper...

Conveyancing

Definition Conveyancing refers to the legal process of transferring property ownership fro...

Cottage

Definition A cottage is a small, typically one-story dwelling that is often associated wit...

Counteroffer

Definition A counteroffer is a response to an original offer made during negotiations in r...

Covenant

Definition In real estate, a covenant is a formal agreement or promise written into the de...

Credit Score

Definition A credit score is a numerical representation of an individual's creditworthines...

Crowdfunding

Definition Crowdfunding refers to the practice of raising small amounts of money from a la...

Custom-built Home

Definition A custom-built home is a residence that is specifically designed and constructe...

D

Days on Market

Definition "Days on Market" (DOM) refers to the total number of days a property is listed...

Debt Burden Ratio (DBR)

Definition The Debt Burden Ratio (DBR) is a financial metric used to assess an individual'...

Debt Service Coverage Ratio (DSCR)

Definition The Debt Service Coverage Ratio (DSCR) is a financial metric used to assess an...

Debt-to-Income Ratio (DTI)

Definition Debt-to-Income Ratio (DTI) is a financial metric used to assess an individual's...

DED (Department of Economic Development)

Definition The Department of Economic Development (DED) is a governmental body in the Unit...

Deed

Definition A deed is a legal document that serves as evidence of the transfer of ownership...

Deed Restriction

Definition A deed restriction is a legally binding clause written into a property deed...

Default

Definition In the context of mortgage and financing, "default" refers to the failure of a...

Depreciation

Definition Depreciation in real estate refers to the reduction in the value of a property...

Detached House

Definition A detached house is a standalone residential structure that is not physically c...

Developers Escrow Account

Definition A Developers Escrow Account is a specialized bank account established by proper...

Development

Definition In the context of real estate, "development" refers to the process of impro...

Development Yield

Definition Development yield is a financial metric used by real estate investors and devel...

Diminishing Musharakah

Definition Diminishing Musharakah is a unique Islamic financing structure that allows mult...

Disbursement

Definition Disbursement refers to the act of distributing or paying out funds, particularl...

Disclosure

Definition In the context of real estate, disclosure refers to the act of revealing pertin...

Distressed Property

Definition A distressed property is a real estate asset that is in poor condition and typi...

Diversification

Definition Diversification is an investment strategy that involves spreading investments a...

DLD Trustee

Definition A DLD Trustee refers to a trustee appointed under the regulations of the Dubai...

Dormitory

Definition A dormitory is a type of residential building that provides shared living accom...

Down Payment

Definition A down payment is a portion of the total purchase price of a property that is p...

DREI (Dubai Real Estate Institute)

Definition The Dubai Real Estate Institute (DREI) is an educational institution dedicated...

Dual Agency

Definition Dual agency occurs when a single real estate agent or brokerage represents...

Dubai Land Department (DLD)

Definition The Dubai Land Department (DLD) is a governmental authority established to over...

Duplex

Definition A duplex is a type of residential building that consists of two separate living...

E

Early Settlement Fee (Prepayment Penalty)

Definition An Early Settlement Fee, commonly referred to as a prepayment penalty, is a...

Earnest Money

Definition Earnest money is a deposit made by a buyer to demonstrate their serious intent...

Easement

Definition An easement is a legal right that allows a person or entity to use a portion of...

Ejari

Definition Ejari, which translates to "my registration" in Arabic, is an online system imp...

Ejari Certificate

Definition The Ejari Certificate is a mandatory registration system established by the Rea...

Encroachment

Definition Encroachment in real estate refers to a situation where a structure or improvem...

Encumbrance

Definition An encumbrance is a claim, lien, charge, or liability attached to a property th...

Entitlement

Definition In the realm of real estate, "entitlement" refers to the legal process through...

Equated Monthly Installment (EMI)

Definition Equated Monthly Installment (EMI) refers to a fixed payment amount made by...

Equity

Definition Equity in real estate refers to the ownership value that an individual holds in...

Equity Multiple

Definition Equity Multiple is a financial metric used to evaluate the total return on an i...

Equity Release

Definition Equity release is a financial product that allows homeowners, typically aged 55...

Escrow

Definition Escrow is a financial arrangement in which a third party temporarily holds fund...

Escrow Account

Definition An escrow account is a financial arrangement in which a third party, known as t...

Escrow Agent

Definition An escrow agent is a neutral third party responsible for holding and managi...

Estidama

Definition Estidama, an Arabic term meaning "sustainability," is a framework developed in...

Eviction

Definition Eviction is the legal process through which a landlord removes a tenant from a...

Eviction Notice

Definition An eviction notice is a formal written communication from a landlord to a tenan...

Exit Strategy

Definition An exit strategy is a planned approach that investors and business owners u...

F

Fair Market Value

Definition Fair Market Value (FMV) is defined as the price that a property would sell for...

Farmhouse

Definition A farmhouse is traditionally defined as a dwelling that is associated with agri...

Fiduciary

Definition A fiduciary is an individual or entity that has the responsibility to act in th...

Final Offer Letter

Definition A Final Offer Letter is a formal document issued by a mortgage lender that outl...

Fitted Space

Definition Fitted space refers to commercial or residential properties that have been cust...

Fixed-Rate Mortgage

Definition A fixed-rate mortgage (FRM) is a type of home loan where the interest rate rema...

Fixture

Definition In real estate, a fixture is defined as an item that was once personal prop...

Flex Space

Definition Flex space refers to a versatile type of commercial real estate that can be ada...

Flipping

Definition Flipping in real estate refers to the practice of purchasing properties, making...

Foreclosure

Definition Foreclosure is a legal process through which a lender attempts to recover the b...

Foreclosure Auction

Definition A foreclosure auction is a public sale of a property that has been repossessed...

Form A

Definition Form A is a specific document utilized within the United Arab Emirates (UAE) to...

Form B

Definition Form B is a legally recognized document in the United Arab Emirates (UAE) that...

Form F

Definition Form F is a specific document used in the United Arab Emirates (UAE) to facilit...

Freehold Area

Definition A Freehold Area in the United Arab Emirates (UAE) refers to a specific zone whe...

Freehold Title

Definition Freehold title refers to a type of property ownership that grants the owner ful...

G

GCC Ownership

Definition GCC Ownership refers to the property ownership rights granted to citizens of th...

Golden Visa (via property investment)

Definition The Golden Visa is a long-term residency visa introduced by the United Arab Emi...

Grant Deed

Definition A grant deed is a legal document used in real estate transactions to transfer o...

Gross Rent Multiplier (GRM)

Definition The Gross Rent Multiplier (GRM) is a financial metric used by real estate inves...

Gross Yield

Definition Gross yield is a key financial metric used by real estate investors to evaluate...

Ground Lease (for investment)

Definition A ground lease is a long-term lease agreement between a landowner and a tenant,...

Guarantor

Definition A guarantor is an individual or entity that agrees to be responsible for the re...

H

Hard Money Loan

Definition A hard money loan is a type of short-term financing that is secured by real est...

Hedge against inflation

Definition A hedge against inflation is an investment strategy aimed at protecting the pur...

HOA (Homeowners Association)

Definition A Homeowners Association (HOA) is a governing body typically established in res...

Home Equity Line of Credit (HELOC)

Definition A Home Equity Line of Credit (HELOC) is a revolving credit line that allows...

Home Inspection

Definition A home inspection is a comprehensive examination of a property's condition, typ...

Home Warranty

Definition A home warranty is a service contract that provides repair or replacement cover...

Homeowners Insurance

Definition Homeowners insurance is a type of property insurance that provides financial pr...

Hotel Apartment

Definition A hotel apartment, often referred to as a serviced apartment, is a hybrid prope...

Housing Fee

Definition The Housing Fee in the UAE refers to a municipal charge levied on property owne...

I

Ijara (Islamic Lease-to-Own)

Definition Ijara, derived from Arabic, translates to "leasing" or "renting." In the contex...

Ijarah

Definition Ijarah, derived from Arabic, refers to a leasing agreement where one party (the...

Industrial Property

Definition Industrial property refers to real estate specifically designed for manufac...

Interest

Definition In the context of real estate, "interest" refers to the cost of borrowing money...

Interest Rate

Definition An interest rate is the percentage charged on a loan or paid on an investme...

Interest-Only Mortgage

Definition An interest-only mortgage is a type of home loan where the borrower is only...

Interim Real Estate Register

Definition The Interim Real Estate Register is a temporary registry system established in...

Internal Rate of Return (IRR)

Definition The Internal Rate of Return (IRR) is a financial metric used to evaluate th...

J

Joint Venture (JV)

Definition A Joint Venture (JV) is a strategic alliance where two or more parties come tog...

L

Land (Plot)

Definition A land plot, commonly referred to simply as "land," is a defined parcel of land...

Landlord

Definition A landlord is an individual or entity that owns property and rents it out to te...

Lease

Definition A lease is a legally binding contract between a landlord (lessor) and a tenant...

Lease Agreement

Definition A lease agreement is a legally binding contract between a landlord (the propert...

Leasehold Area

Definition A leasehold area refers to a property arrangement where a lessee (tenant) is gr...

Leverage

Definition Leverage in investment refers to the use of borrowed capital to increase the po...

Lien

Definition A lien is a legal claim or right against a property that allows a creditor to o...

Lien Waiver

Definition A lien waiver is a legal document in the real estate industry that relinquishes...

Listing

Definition In real estate, a "listing" refers to a property that is available for sale or...

Listing Agent

Definition A listing agent is a licensed real estate professional who represents the selle...

Loan-to-Value (LTV) ratio

Definition The Loan-to-Value (LTV) ratio is a financial term used in mortgage lending...

Loft

Definition A loft is a large, open space typically found in converted industrial buildings...

Long-Term Rental

Definition A long-term rental refers to a lease agreement where a property owner rents out...

Low-rise Building

Definition A low-rise building is typically defined as a structure that consists of one to...

LTV (Loan-to-Value)

Definition Loan-to-Value (LTV) is a financial term used to express the ratio of a loan to...

M

Maid's Room

Definition A maid's room is a small, typically utilitarian space within a residential prop...

Makani

Definition Makani is a unique property identification system used in the United Arab Emira...

Makani Number

Definition The Makani Number is a unique addressing system developed in the United Arab Em...

Mansion

Definition A mansion is typically defined as a large, impressive, and luxurious residence....

Market Analysis

Definition Market analysis refers to the systematic examination and evaluation of market c...

Market Value

Definition Market value refers to the most probable price that a property would sell for i...

Mezzanine Financing

Definition Mezzanine financing is a hybrid form of capital that combines elements of d...

Mid-rise Apartment

Definition A mid-rise apartment refers to a multi-family residential building that typical...

Mixed-Use Property

Definition A mixed-use property is a type of real estate that combines multiple uses withi...

MLS (Multiple Listing Service)

Definition A Multiple Listing Service (MLS) is a comprehensive database that real estate p...

MLS Number

Definition An MLS number, or Multiple Listing Service number, is a unique identifier assig...

Mobile Home

Definition A mobile home, also known as a manufactured home, is a type of housing that is...

Modular Home

Definition A modular home is a type of prefabricated structure that is built in sections,...

Mortgage

Definition A mortgage is a legal agreement between a borrower and a lender in which the le...

Mortgage Broker

Definition A mortgage broker is a licensed professional who acts as an intermediary betwee...

Mortgage Insurance (Life Insurance for mortgage)

Definition Mortgage insurance, often referred to as mortgage life insurance, is a type of...

Mortgage Offer Letter

Definition A Mortgage Offer Letter, also known as a mortgage approval letter, is a formal...

Mortgage Registration Fee

Definition The Mortgage Registration Fee is a charge that is levied by local or state gove...

Mortgage Tenor (Loan Term)

Definition Mortgage tenor, also known as loan term, refers to the duration over which a bo...

Mortgage Underwriting

Definition Mortgage underwriting is the process by which lenders evaluate the risk of offe...

MOU (Memorandum of Understanding)

Definition A Memorandum of Understanding (MOU) is a formal agreement between two or more p...

Multi-family Home

Definition A multi-family home is a residential property that contains multiple distinct h...

Multiple Offers

Definition In the realm of real estate, "multiple offers" refers to a situation where a pr...

Murabaha (Islamic Cost-Plus Financing)

Definition Murabaha is a form of Islamic financing that allows for the purchase of goo...

Musataha

Definition Musataha is a unique real estate concept prevalent in the United Arab Emirates...

N

Net Operating Income (NOI)

Definition Net Operating Income (NOI) is a key financial metric used in real estate invest...

Net Yield

Definition Net yield is a crucial financial metric used to assess the profitability of an...

NOC (No Objection Certificate)

Definition A No Objection Certificate (NOC) is an official document issued by a competent...

Non-Freehold Property

Definition Non-freehold property refers to a type of real estate ownership where the buyer...

Notary

Definition A notary, or notary public, is an official appointed by the state to serve as a...

Nursing Home

Definition A nursing home, also known as a skilled nursing facility, is a residential esta...

O

Occupancy Rate

Definition Occupancy rate is a key performance metric in real estate investment that measu...

Off-Plan Property

Definition Off-plan property refers to real estate that is purchased before it has been co...

Offer

Definition In the realm of real estate, an "offer" refers to a formal proposal made by...

Office Space

Definition Office space refers to a physical area where business activities take place, ty...

Operating Expense Ratio

Definition The Operating Expense Ratio (OER) is a financial metric used primarily in r...

Opportunity Zone

Definition An Opportunity Zone is a designated geographic area in the United States that i...

Oqood

Definition Oqood, an Arabic term meaning "contracts" or "agreements," specifically refers...

ORN (Office Registration Number)

Definition The Office Registration Number (ORN) is a unique identifier assigned to real es...

Owners Association (OA)

Definition An Owners Association (OA) is a collective body formed by property owners withi...

P

Passive Income

Definition Passive income refers to earnings derived from investments or business ventures...

Penthouse

Definition A penthouse is a luxurious apartment or living space located on the top floor o...

Plat

Definition A plat is a detailed map or diagram that represents a specific parcel of land,...

Portfolio

Definition In the context of investment, a portfolio refers to a collection of financial a...

Post-Handover Payment Plan

Definition A Post-Handover Payment Plan (PHPP) is a financing option commonly used in real...

Power of Attorney

Definition Power of Attorney (POA) is a legal document that allows one person (the princip...

Pre-Approval

Definition Pre-approval is a process in which a lender evaluates a potential borrower'...

Pre-Qualification

Definition Pre-qualification is an initial step in the mortgage financing process where a...

Principal

Definition In real estate, a "principal" refers to an individual or entity that has a dire...

Private Money

Definition Private money refers to funds that are lent by individual investors or private...

Pro Forma

Definition A Pro Forma is a financial statement that projects the future financial per...

Probate

Definition Probate is a legal process that occurs after an individual passes away, involvi...

Property Assessment

Definition Property assessment is the process of determining the value of a property, typi...

Property Survey

Definition A property survey is a detailed examination and mapping of a specific piece of...

Property Tax

Definition Property tax is a form of taxation imposed by local governments on real estate...

Property Valuation

Definition Property valuation is the process of determining the market value of a real est...

Property Visa (Investor Visa)

Definition A Property Visa, also known as an Investor Visa, is a special type of resid...

Punch List

Definition A punch list is a document that outlines the tasks, repairs, or adjustments tha...

Purchase Agreement

Definition A Purchase Agreement, also known as a Sales Contract or Purchase and Sale Agree...

Q

Quitclaim Deed

Definition A quitclaim deed is a legal document used in real estate transactions to transf...

R

RDSC (Rental Dispute Settlement Centre)

Definition The Rental Dispute Settlement Centre (RDSC) is a specialized legal entity estab...

Ready Property

Definition Ready property refers to real estate that is fully constructed and available fo...

Real Estate Agent

Definition A real estate agent is a licensed professional who represents buyers or sellers...

Real Estate Fund

Definition A Real Estate Fund is an investment vehicle that pools capital from multiple in...

Real Estate Investment Trust (REIT)

Definition A Real Estate Investment Trust (REIT) is a company that owns, operates, or fina...

Real Estate Regulatory Agency (RERA)

Definition The Real Estate Regulatory Agency (RERA) is a governmental authority establishe...

Realtor

Definition A Realtor is a licensed real estate professional who is a member of the Nationa...

Recording

Definition Recording in real estate refers to the official process of documenting property...

Refinancing

Definition Refinancing refers to the process of revising and replacing the terms of an exi...

Rent

Definition Rent is a payment made by a tenant to a landlord for the use of property, typic...

Rent Cap

Definition A rent cap is a legal regulation that limits the amount by which landlords can...

Rent Roll

Definition A rent roll is a comprehensive document that outlines the rental income generat...

Rental Disputes Center (RDC)

Definition The Rental Disputes Center (RDC) is a specialized judicial body established in...

Rental Income

Definition Rental income refers to the money earned by property owners from leasing or ren...

Rental Index

Definition The Rental Index is a statistical measure that tracks the changes in rental pri...

REO (Real Estate Owned)

Definition REO, or Real Estate Owned, refers to properties that are owned by a lender, typ...

Repossession

Definition Repossession refers to the legal process by which a lender takes back property,...

Residential Building

Definition A residential building is a structure designed primarily for people to live in,...

Retail Space

Definition Retail space refers to commercial properties specifically designed for the sale...

Reverse Mortgage

Definition A reverse mortgage is a financial product that allows homeowners, typically age...

ROI (Return on Investment)

Definition Return on Investment (ROI) is a financial metric used to evaluate the profitabi...

Row House

Definition A row house is a type of residential building characterized by a series of iden...

S

Sale-Leaseback

Definition A sale-leaseback is a financial transaction in which the owner of a property se...

Security Deposit

Definition A security deposit is a sum of money that a tenant provides to a landlord o...

Seller

Definition In the realm of real estate, a seller is an individual or entity that owns...

Seller Financing

Definition Seller financing, also known as owner financing, is a financial arrangement in...

Semi-detached House

Definition A semi-detached house is a type of residential building that shares one com...

Senior Housing

Definition Senior housing refers to a range of residential options designed specifically f...

Service Charges

Definition Service charges refer to the fees collected from property owners or tenants in...

Serviced Apartment

Definition A serviced apartment is a fully furnished residential unit that provides hotel-...

Serviced Villa

Serviced Villa: A Comprehensive Overview Definition A serviced villa is a type of residenti...

Settlement

Definition Settlement, in the context of real estate, refers to the final stage in the pro...

Shell and Core

Definition "Shell and Core" refers to a type of commercial property development where the...

Short Sale

Definition A short sale occurs when a homeowner sells their property for less than the amo...

Short-Term Rental

Definition A short-term rental (STR) refers to a property that is rented out for a brief p...

Single-Family Home

Definition A single-family home is a standalone residential structure designed to accommod...

Skyscraper (High-rise)

Definition A skyscraper, often referred to as a high-rise, is a tall, continuously hab...

SPA (Sale and Purchase Agreement)

Definition A Sale and Purchase Agreement (SPA) is a legally binding contract between a buy...

Spec Home

Definition A spec home, short for speculative home, is a type of residential property that...

Stabilized Asset

Definition A stabilized asset refers to a property that has reached a state of operational...

Stamp Duty

Definition Stamp duty is a tax imposed by governments on the transfer of property ownershi...

Strata Law

Definition Strata Law refers to the legal framework governing the ownership, management, a...

Student Housing

Definition Student housing refers to specialized accommodations designed to meet the needs...

Studio

Definition A studio apartment, often referred to simply as a "studio," is a compact living...

Studio Apartment

Definition A studio apartment, often referred to as a studio or efficiency apartment, is a...

Subdivision

Definition Subdivision refers to the process of dividing a larger parcel of land into...

Survey

Definition A survey in real estate refers to the process of measuring and mapping the boun...

Syndication

Definition Syndication in the context of investment refers to a collaborative arrangement...

T

Tasdeeq

Definition Tasdeeq, in the context of the United Arab Emirates (UAE), refers to the offici...

Tawtheeq

Definition Tawtheeq is a property registration system implemented in the United Arab Emira...

Tawtheeq ID

Definition Tawtheeq ID is a unique identification number issued to property owners and ten...

Tax Deduction

Definition A tax deduction is an expense that you can deduct from your total taxable incom...

Tenancy

Tenancy in Real Estate Definition Tenancy refers to the legal relationship between a landlo...

Tenant

Definition A tenant is an individual or entity that occupies a rental property owned by an...

Terraced House (Row House)

Definition A terraced house, also known as a row house, is a type of residential building...

Time Value of Money

Definition The Time Value of Money (TVM) is a financial concept that asserts that a sum of...

Title

Definition In real estate, "title" refers to the legal right to own, use, and transfer pro...

Title Deed

Definition A title deed is a legal document that serves as evidence of ownership of a prop...

Title Deed Mortgage Registration

Definition Title Deed Mortgage Registration refers to the formal process of recording a mo...

Title Insurance

Definition Title insurance is a specialized form of insurance that protects property buyer...

Title Search

Definition A title search is a comprehensive examination of public records to determine th...

Townhome (Townhouse)

Definition A townhome, often referred to as a townhouse, is a type of residential property...

Townhouse

Definition A townhouse is a type of residential property that is typically characterized b...

Trakheesi

Definition Trakheesi is a digital platform initiated by the Dubai Land Department (DLD) to...

Triplex

Definition A triplex is a type of multi-family residential property that consists of three...

V

Vacancy Rate

Definition The vacancy rate is a key metric in the real estate sector that quantifies the...

Vacation Home

Definition A vacation home is a residential property that is used primarily for leisure an...

Valuation Fee

Definition A valuation fee is a charge levied by lenders to assess the market value of a p...

Value-Add Property

Definition A value-add property refers to a real estate asset that has the potential to in...

Variable-Rate Mortgage

Definition A variable-rate mortgage, also known as an adjustable-rate mortgage (ARM), is a...

Villa

Definition A villa is a type of residential property that is typically characterized by sp...

W

Walk-through

Definition A walk-through in real estate refers to a final inspection of a property conduc...

Warehouse

Definition A warehouse is a large commercial building designed for the storage of goods, p...

Warm Shell

Definition A "Warm Shell" refers to a type of commercial property that is partially finish...

Warranty Deed

Definition A warranty deed is a legal document used in real estate transactions that provi...

Wholesale (Real Estate)

Definition Wholesale real estate refers to a strategy where an individual, known as a whol...

Y

Yield Maintenance

Definition Yield maintenance is a prepayment penalty structure often found in commercial r...

Z

Zoning

Definition Zoning is a legal framework established by local governments to regulate land u...

Zoning Ordinance

Definition A zoning ordinance is a set of regulations established by local government auth...