Flashcards on Dubai Real Estate Glossary
Dubai Real Estate Glossary for Students: Essential Terms
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Real Estate in Dubai - An Overview
102 cards
Card 1
Question: What is the UAE Golden Visa for property buyers, and what is the minimum investment for the 10-year visa?
Answer: The Golden Visa is a long-term, 10-year residency visa for real estate investors; the minimum investment is AED 2,000,000 in a completed (ready) freeh
Card 2
Question: What type of property qualifies for the Golden Visa, and what are the rules for off-plan projects and mortgaged properties?
Answer: A completed (ready) freehold property qualifies. For off-plan projects, the investment counts only after at least AED 2,000,000 has been paid to the d
Card 3
Question: What practical benefits does the Golden Visa offer (as mentioned in the text)?
Answer: It allows for long-term residency without the need for employment in the UAE, the ability to sponsor family members, and unrestricted access to bankin
Card 4
Question: What is an SPV (Special Purpose Vehicle) in the context of property ownership in the UAE?
Answer: An SPV is a company (LLC, free zone entity, or offshore) created to hold property instead of personal ownership, offering benefits in estate planning,
Card 5
Question: How does the example describe the use of an SPV for co-owning a large commercial building?
Answer: Four investors used a DIFC LLC as an SPV to invest in an AED 45,000,000 commercial building, holding proportional shares. Upon sale, they sold the com
Card 6
Question: What important advice (pro tip) is given regarding the use of SPVs in Dubai?
Answer: SPV structures have significant legal and tax implications; the UAE introduced a 9% corporate tax in 2023. Always consult a lawyer and tax advisor bef
Card 7
Question: What is a joint venture (JV) in a real estate context?
Answer: A JV is a formal partnership between two or more parties for a specific project, typically combining one party's capital with another's land or expert
Card 8
Question: Provide an example from the text of contribution and profit distribution in a JV.
Answer: An Abu Dhabi investor contributed AED 8,000,000 (80%), while a Dubai developer contributed land and management (20%); profits were split 70/30 in favo
Card 9
Question: What recommendation is given for forming a JV?
Answer: Always formalize a JV in a well-drafted Shareholders' Agreement: define exit triggers, buy-out rights, decision-making thresholds, and procedures for
Card 10
Question: What is the difference between 'ready' and 'off-plan' properties according to the text?
Answer: 'Ready' = completed, has a Title Deed, and is immediately occupiable or rentable. 'Off-plan' = under construction or pre-sale, requiring a wait for co