Overview

What is Dubailand like to live in?

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Property terms, explained simply

BHK: Bedroom, Hall, Kitchen. A 2 BHK has two bedrooms, a living room and a kitchen.
Carpet area: The usable floor area inside your walls. Builders must state it under RERA.
Saleable area: Carpet area plus a share of walls, balconies, lobbies and lifts. Prices are usually quoted on this.
Price per Sq.Ft.: The home price divided by its saleable area. Use it to compare projects fairly.
RERA: The state property regulator. A registered project must publish its plans, approvals and handover date.
Pre-launch or EOI: Booking your interest before RERA registration, usually with a refundable amount, to get early prices.
Occupancy certificate (OC): The approval that a finished building is safe to live in. Ask for it before buying a ready home.
Rental yield: Yearly rent as a share of the home price. ₹30,000 a month on a ₹1 Cr flat is a 3.6% yield.
EMI: Your fixed monthly home loan payment, covering interest and part of the loan.
Stamp duty: A state tax you pay when you register the home in your name.

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