THE MORE YOU KNOW, THE MORE YOU GROW.
Helpful guides and glossaries to help you better understand the industry.
The owner has absolute interest over the unit and the land it sits on for an indefinite amount of time. The owner can sell, lease or occupy at his will, and the property can be inherited.
Net Leasable Area is the floor space that may be rented to tenants; area upon which rental payments are based. It generally excludes common areas and space devoted to heating, cooling and equipment.
An unconstructed property purchased directly from a developer. These properties and developments are fully planned, registered with the Dubai Land Department, and have an escrow account. They are usually marketed to investors and end-users before or while the construction is ongoing and to be paid with such financial terms.
Floor Area Ratio is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. Often used in regulations for city planning along with the building-to-land ratio. The terms can also refer to limits imposed on such a ratio through zoning.
This means Gross Floor Area, and it is the total sellable or leasable floor area that excludes parking and technical areas, etc. This terms is sometimes used interchangeably with Gross Leasable Area.
Also known as short-term leases, these properties can be rented out on a monthly, weekly or daily basis. Holiday homes are furnished and ready to occupy, including utilities and other services to the guest.
Built Up Area, which is the total area that can be developed or built up. If you have a villa plot for instance, this is the absolute maximum size of the actual house, which usually isn't equal to the total plot size. The higher the BUA, the bigger you can build.
Net Saleable Area is the total built-up area of the property, plus a proportionate share of the common amenities in the building complex.
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