If you are someone who wants to invest in the Dubai Real Estate market, there are many buzzwords you should become familiar with. These words are very commonly used in the market, and they are essential to know if you are going to invest. They will also help you understand many legal terms.

The 10 most common buzzwords about real estate in Dubai
Let's take a look at the 10 most current buzzwords that are commonly used in the Dubai real estate market:

1. Off-plan real estate.
Off-plan real estate refers to those properties that have not yet begun construction and/or are in the early stages of construction by a developer. Dubai has a huge market for Off Plan Real Estate. They are popular because they offer great payment plans and incentives to buyers. By the way, I advise you to check the list of offplan properties from our experts - https://everhomes.ae/off-plan/

2. oqood.
Oqood is a term you should know if you are going to invest in off-plan real estate in the Dubai real estate market. It is an online platform that is operated by the Dubai Land Department (DLD). It is used by developers to register their projects with the DLD. Knowing about this platform is important because your contract to buy a property under construction will be registered with Oqood.

3. DEVA
DEVA stands for Dubai Electricity and Water Authority. As the name implies, this authority is responsible for distributing the two main utilities, i.e. water and electricity, throughout the emirate. Every residential unit in Dubai needs a DEWA connection for water and electricity. For this purpose, they are assigned a DEWA registration number.

4. Makani
The literal translation of this Arabic word is "my location. Makani is a 10-digit unique number that is assigned to each building located in the emirate. 

5. Title
This is a legal document that serves as proof of ownership of the property. Therefore, it is important that you ask about it when signing the contract.

6. Form "A" and "B."
These are two different forms. Both of these forms are approved by RERA and contractually bind the parties (seller, agent and buyer).

Form "A" is signed between the buyer and the agent. In addition to deciding the terms and conditions between them, it also emphasizes the agent's responsibility. That's why it's important to sign Form A when hiring an agent.

Form B works the same way, but is signed between the seller and the agent.

7. Escrow Account.
The escrow account acts as a third-party funding source. It works so that the seller has access to the money transferred (by the buyer) after the escrow agreement is executed.

8. Post-transfer payment plan
The post-transfer payment plan refers to the payment to be made after construction is completed and the keys are handed over to the owners.

9. ejari.
Ejari is an Arabic word meaning "my rent." It is an online electronic regulatory system for documenting all rental transactions and registering every lease in Dubai.

10. RERA
Part of the Dubai Land Division, RERA is a real estate regulatory agency. RERA develops and implements policies and plans that regulate the real estate market in Dubai, especially to boost foreign investment in the Emirate. RERA is also responsible for resolving disputes between tenants and landlords.

So, as you can see, these are some of the most popular buzzwords in the Dubai real estate market. If you want to invest in Dubai, the ideal option would be to find a good reliable agent to help you navigate the market. Then you don't have to worry about these things and you can just ask your agent.