Rera EXAM (2025/2026) Updated: EXAM
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Terms in this set (141)
Highest Burj Khalifa 829,8 (2722 ft)
Business Bay number of 240 (completed 2008)
buldings
Palm Jumeirah 3 Palms 520 km by Nakheel
Al Maktoum International Projected anual capacity 160 Million passanger
Airport
The World Island by Nakheel
The main objective of DLD is to organize and
Dubai Land Department
documents all real estate transaction for and behalf
(DLD)
Dubai Goverment. established 24.01.1960
Real Estate Regulatory Agency. Rera regulates the real
RERA estate investment in the emirate of Dubai. Launched 31
of July 2007.
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RERA Role is:
- Licensing all real estate activities.
- Managing and organizing real estate developers'
Objectives of RERA trust accounts.
- Licensing and organizing real estate agents.
- Regulating and registering Rental Agreements.
-Regulating and supervising the owners associations.
In 2001 Dubai Goverment agreed to allow expats to
have 99-year lease of particular property. In 2002
Regulation #3 of 2006 Sheikh Mohammed bin Rashid Al Maktoum, issued a
decree allowing foreigners to buy property on
freehold ownership.
Freehold You own property and land Forever.
Leasehold You own property but not land
Tarakheesi is web application meant for Real Estate
Offices for managing Real Estate Broker operation.
Tarakheesi -Issuing broker card
-Updating broker card
Cancelling broker card.
Blue card issued under the DED licenses and brokers
are allowed to work in Dubai.
Blue Broker Card
Allows brokers to sell/lease in Dubai + FZ + Sell for
developers but not time share.
Green Broker Card Can only sell developers project.
only time share properties; sell one unit to more than
Red Broker Card
one person.
Yellow Broker Card only FZ properties
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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
Return on investment
typically used for personal financial decisions, to
(ROI)
compare a company's profitability or to compare the
efficiency of different investments.
ROI (Net profit/Cost of investment)x100
What's is a listing? A listing is a contract between an owner and broker.
What is the different -Exclusive
between type of listings? -Open listing
MLS is an arrangement among a group of agents
What is multiple listing? whereby they agree to share information and split
commission.
What is a qualified buyer? Seeking to buy.
What is an assent? It is something of value that one owns.
It is opposite of asset ; It's a debt or obligation that
What is liability?
one owns.
It regulates the relationship between the tenant and
What is the Law 26 of 2007
landlord.
ORN Office Registration Number
BRN Broker Registration Number
Special Transaction Register
STR
All transaction Agreements
If ad does't have BRN or Penalty AED 50'000
ORN Number
Only the government has the power to cancel
Decree #21 of 2013
projects.
OQOOD Pre-Title Registration "My ownership certificate"
My Strata Certificate
MOLLAK
Owner Association And Registration
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