What is Oqood?

Oqood means ‘contracts’ in Arabic.

Over recent years, off-plan property transactions have seen a tremendous increase across the UAE, but particularly in the Emirate of Dubai. Despite the establishment of the Dubai Land Department and the Real Estate Regulatory Department (RERA), there has not been a uniform or centralized way to manage off-plan transactions, contract registrations and transaction fees.

In order to serve this demand, Emirates Real Estate Solutions (ERES) was founded in 2008 as a subsidiary of Dubai Land Department and the Real Estate Regulatory Authority (RERA), to create an online platform to meet the needs of the Real Estate Industry in a uniform, easy to access and centralised matter.

One of these services is Oqood is an online service by Emirates Real Estate Solutions (ERES), allowing a uniform registration of contracts for all off-plan property transactions in Dubai in accordance with Dubai Land Department regulations.