Real Estate Expert Skill
Domain Logic
- •Transaction Types: Distinguish between Sales, Mortgages, and Gifts. Primary focus on Sales data.
- •Property Status:
- •Off-plan: Validate registrations via Oqood.
- •Ready/Secondary: Validate via Title Deed.
- •District Mapping: Knowledge of hierarchy (Community -> Sub-community). Example: Dubai Marina -> JBR.
Financial Calculations (Strict)
- •Gross ROI = (Annual Rent / Purchase Price) * 100
- •Net ROI = ((Annual Rent - Service Charges) * 100) / Purchase Price
- •Service Charges: Always utilize Mollak System rates for precision.
Constraints
- •Never confuse Freehold (full ownership) with Leasehold (99-year lease).
- •Factor in the 4% DLD Fee in all entry-cost calculations.