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1. Return on investment (ROI): ANS 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
2. What's is a listing? ANSA listing is a contract between an owner and broker.
3. What is the different between type of listings? ANS -Exclusive
-Open listing
4. What is multiple listing? ANS MLS is an arrangement among a group of agents
whereby they agree to share information and split commission.
5. What is a qualified buyer? ANS Seeking to buy.
6. What is an assent? ANS It is something of value that one owns.
7. What is liability? ANS It is opposite of asset; It's a debt or obligation that one owns.
8. What is the Law 26 of 2007: ANS It regulates the relationship between the tenant and
landlord.
9. ORN: ANS Office Registration Number
10. BRN: ANS Broker Registration Number
11. STR: ANS Special Transaction Register All Transaction Agreements
,12. If ad doesn’t have BRN or ORN Number: ANS Penalty AED 50'000
13. Decree #21 of 2013: ANS Only the government has the power to cancel projects.
14. OQOOD: ANS Pre-Title Registration "My ownership certificate"
15. MOLLAK: ANS My Strata Certificate Owner Association and Registration
16. Code of Ethics: ANS regulates your relationship with customers, with other agents and
with public.
17. Dubai Land Department (DLD): ANS Established on January 24th 1960
18. Real Estate Regulatory Agency (RERA): ANS Established in 2007
19. RERA Role is: ANS Licensing all real estate activities.
• Managing real estate developers' trust accounts.
• Licensing and organizing real estate agents.
• Regulating and registering Rental Agreements.
• Regulating and supervising the owners’ associations
• Regulating real estate advertisements in the media.
• Regulating and licensing Real estate exhibitions.
• Enhancing national participation in the real estate sector.
• Increasing real estate awareness
20. DREI: ANS Dubai Real Estate Institute (DREI)
21. Rental Dispute Settlement Center (RDC): ANS The Rental Dispute Center, based at
Dubai Land Department, has been moved under the umbrella of DLD through Decree
No: 26 of 2013.
22. Decree No. (21) of 2013: ANS cancelled property projects
23. DEVELOPER' REGISTER: ANS The Developer must be registered with RERA. The
Project must be registered with RERA.
The Project Escrow A/C must be registered with RERA
24. OWNER'S ASSOCIATION: ANS Formation of the
, Owner's Association. Issuance of 'My Strata Certificate'
Launched
25. Freehold: ANS In May 2002 Regulation No. (3) of 2006 Specifying Areas where non-
locals can own Property in the Emirate of Dubai
26. Leasehold: ANS In 2001 In Leasehold, you own the property, but not the land.
Leasehold ownership is anywhere from over 10 years up to 99 years.
27. Highest Burj Khalifa height: ANS 829,8 (2722 ft)
28. Business Bay number of buildings: ANS 240 (completed 2008)
29. Palm Jumeirah: ANS 3 Palms 520 km by Nakheel
30. Al Maktoum International Airport: ANS Projected annual capacity 160 million
passenger
31. The World Island: ANS by Nakheel
32. Dubai Land Department (DLD): ANS The main objective of DLD is to organize and
documents all real estate transaction for and behalf Dubai Government. established
24.01.1960
33. RERA: ANS Real Estate Regulatory Agency. RERA regulates the real estate
investment in the emirate of Dubai. Launched 31 of July 2007.
34. Objectives of RERA: ANS 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.
-Regulating and supervising the owners’ associations.
35. Regulation #3 of 2006: ANS In 2001 Dubai Government 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.