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Highest Burj Khalifa - ✔✔829,8 (2722 ft)
Business Bay number of buldings - ✔✔240 (completed 2008)
Palm Jumeirah - ✔✔3 Palms 520 km by Nakheel
Al Maktoum International Airport - ✔✔Projected anual capacity 160 Million
passanger
The World Island - ✔✔by Nakheel
Dubai Land Department (DLD) - ✔✔The main objective of DLD is to organize and
documents all real estate transaction for and behalf Dubai Goverment.
established 24.01.1960
RERA - ✔✔Real Estate Regulatory Agency. Rera regulates the real estate
investment in the emirate of Dubai. Launched 31 of July 2007.
Objectives of RERA - ✔✔RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers' trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
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,-Regulating and supervising the owners associations.
Regulation #3 of 2006 - ✔✔In 2001 Dubai Goverment agreed to allow expats to
have 99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid
Al Maktoum, issued a decree allowing foreigners to buy property on freehold
ownership.
Freehold - ✔✔You own property and land Forever.
Leasehold - ✔✔You own property but not land
Tarakheesi - ✔✔Tarakheesi is web application meant for Real Estate Offices for
managing Real Estate Broker operation.
-Issuing broker card
-Updating broker card
Cancelling broker card.
Blue Broker Card - ✔✔Blue card issued under the DED licenses and brokers are
allowed to work in Dubai.
Allows brokers to sell/lease in Dubai + FZ + Sell for developers but not time
share.
Green Broker Card - ✔✔Can only sell developers project.
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,Red Broker Card - ✔✔only time share properties; sell one unit to more than one
person.
Yellow Broker Card - ✔✔only FZ properties
Return on investment (ROI) - ✔✔It measures the gain or loss generated on an
investment relative to the amount of money invested.
ROI is usually expressed as a percentage and is typically used for personal
financial decisions, to compare a company's profitability or to compare the
efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? - ✔✔A listing is a contract between an owner and broker.
What is the different between type of listings? - ✔✔-Exclusive
-Open listing
What is multiple listing? - ✔✔MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
What is a qualified buyer? - ✔✔Seeking to buy.
What is an assent? - ✔✔It is something of value that one owns.
What is liability? - ✔✔It is opposite of asset ; It's a debt or obligation that one
owns.
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, What is the Law 26 of 2007 - ✔✔It regulates the relationship between the
tenant and landlord.
ORN - ✔✔Office Registration Number
BRN - ✔✔Broker Registration Number
STR - ✔✔Special Transaction Register
All transaction Agreements
If ad does't have BRN or ORN Number - ✔✔Penalty AED 50'000
Decree #21 of 2013 - ✔✔Only the government has the power to cancel projects.
OQOOD - ✔✔Pre-Title Registration "My ownership certificate"
MOLLAK - ✔✔My Strata Certificate
Owner Association And Registration
Code of Etics - ✔✔regulates your relationship with customers, with other agents
and with public.
Dubai Land Department (DLD) - ✔✔Established on January 24th 1960
Real Estate Regulatory Agency (RERA) - ✔✔Established in 2007
RERA Role is: - ✔✔Licensing all real estate activities.
• Managing real estate developers' trust accounts.
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