A UAE and Gulf right, typically up to 50 years and renewable, allowing the holder to build on and use land owned by another, with the buildings owned separately during the term; used to give foreign investors long development rights over land they cannot own outright.
Related terms
- Notarisation
Formal authentication of a document or signature by a public notary, giving it legal validity; in the Gulf and Egypt most property transfers must be notarised…
- Off-plan registration
Official recording of an off-plan sale to protect the buyer interest.
- Power of attorney
Authority granted to one party to act on another behalf in property matters.
- Registration fee
The fee paid to record an interest in land at the registry, distinct from any transfer tax; required to make the interest enforceable against third parties.
- Repossession
The lender or lessor retaking possession of an asset following default, whether under a mortgage, lease, or Islamic finance structure.
- Restrictive covenant
A binding obligation in a title or contract that limits how land may be used (e.g.
- Sale and purchase agreement (SPA)
The binding contract setting out the terms of a property transaction.
- Servitude
A real right burdening one property for the benefit of another or of a person, such as a right of way or right of drainage; the civil-law counterpart to an eas…