A legal document, usually in writing, giving details of a formal legally binding agreement, between two or more different people or groups. To be legally binding it must contain certain elements: it must contain an offer made by one party and accepted in its entirety by the other, it must include some form of consideration whether it be money, goods or services, and it must be properly signed by all parties to it, and dated.

DLD stands for Dubai Land Department, a government entity established on January 24, 1960, to handle all matters related to the legalization of real estate transactions in the Emirate of Dubai. On September 18, 2013, H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai, issued the Law No. (7) of 2013 Concerning the Land Department which defines objectives of DLD as the government entity responsible for regulation and registration of real estate property and promotion of real estate investment. The department also actively develops the necessary legislation to propel the real estate sector in Dubai and distributes knowledge in real estate. Today, DLD provides more than 160 services going beyond just registration and titling. Organisational structure of Dubai Land Department includes: Real Estate Registration which documents and retains real estate rights in the land registry system (the registration arm); Real Estate Regulatory Agency (RERA) which regulates the real estate sector in the emirate (the regulatory arm); Real Estate Investment Management & Promotion Center  supports national and international real estate investors, develops the real estate investment environment and promotes direct and long-term investments (the investment arm); Rental Disputes Settlement Center (also known as Rental Committee) which deals with rent disputes arising between those involved in the real property rental sector and other related sectors (the judicial arm); Dubai Real Estate Institute (DREI) which aims to create, spread and sustain real estate knowledge in the market (the educational arm).

RERA stands for Dubai Real Estate Regulatory Agency, a government agency, the regulatory arm of Dubai Land Department. RERA was founded on July 31, 2007, by virtue of Dubai Law No. (16) of 2007 Establishing the Real Estate Regulatory Agency. The primary objective of the Agency is to regulate the real estate sector in the Emirate of Dubai by contributing to the preparation of strategies related to the industry and to the development and implementation of the required action plans, including setting legislation regulating the relationship between contracting parties in the real estate market. RERA involved in planning, organising and evaluating operations related to real estate licenses, organisation and development of real estate activities, monitoring property development projects financially and technically, to protect investors.

Sometimes known as a repudiatory breach, is a breach of an essential part of a contract that it permits the distressed party to terminate performance of the contract, in addition to entitling that party to sue for damages.

A breach of contract that is so fundamental that it permits the injured party to terminate the performance of the contract, in addition to entitling that party to sue for damages.

Significant enough substantial failure in the performance of a contract, as to give the affected party the right to sue for damages as well as release the aggrieved party from its obligations.

A contract in which all elements of a contract are specifically stated (offer, acceptance and consideration), and the terms are set out, as compared with an implied contract in which the existence of the contract is assumed by the circumstances.

A demonstration of the willingness of a party to enter into a bargain, made in such a way that another individual is justified in understanding that his or her assent to the bargain is invited and that such assent will conclude the bargain. The general rule is that it must be reasonable in the circumstances for the recipient to believe that the communication is an offer. The more definite the communication, the more likely it will constitute an offer.

The term that describes a duty that is enforced by a court and where non-fulfilment may incur a penalty.