A period immediately after the deadline for the performance of an obligation during which a late fee or penalty, or other action would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period. Grace periods can range from a couple of minutes to a number of days or longer, depending on the context, and can apply in various situations, such as complying with a legal obligation by a specified deadline.

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).