Off-plan property” in Dubai’s real estate market refers to a property that is available for purchase directly from a developer before it has been constructed or completed.

The Dubai Land Department (DLD) is a key government entity in Dubai responsible for overseeing all real estate-related activities and transactions. It plays a crucial role in regulating and managing the real estate sector in Dubai.

RERA stands for the Real Estate Regulatory Agency. It is a governmental agency under the Dubai Land Department (DLD) that was established to regulate the real estate sector in Dubai. RERA plays a vital role in setting policies and regulations to ensure transparency and fairness in the Dubai real estate market.

The difference between freehold and leasehold properties is mainly in terms of ownership duration and rights:

1. Freehold:
• Ownership: The buyer has complete ownership of the property and the land indefinitely.
• Rights: Owners can sell, lease, or rent their property freely.
• Eligibility: Foreign nationals can own freehold properties in designated areas.

2. Leasehold:
• Ownership: The buyer has the right to use the property for a fixed period (usually 30 to 99 years); the land remains with the landlord.
• Rights: Owners can use the property within lease terms but face restrictions on selling or subleasing.
• Expiration: Property rights revert to the freeholder after the lease term ends.