A right to use and derive benefit from a property owned by another, common in some MENA jurisdictions.
Related terms
- Yield vs growth
Yield is the income return relative to price; growth is the appreciation in capital value.
- Asset allocation
How an investor splits capital across asset classes and, within real estate, across sectors and geographies; it is the primary driver of long-run portfolio ret…
- Asset class
A category of real estate (residential, office, retail, industrial, hospitality, etc.) with distinct demand drivers.
- Capital market
The market for the ownership of real estate as an investment, driven by interest rates and risk appetite.
- Freehold
Outright ownership of land and buildings for an indefinite period.
- Highest and best use (HBU)
The legally permissible, physically possible, financially feasible, and maximally productive use of a site.
- Illiquidity
The difficulty of converting real estate to cash quickly without a price concession.
- Leasehold
The right to use a property for a fixed term under a lease, after which it reverts to the freeholder.