residence visa with NOC for temporary work permit (exactly what it means)

اقامة قابلة للاعارة =loanable residence visa (literally)
But it means in this context the following:
1- You got a work permit applied from your company.
2- This work permit is automatically converted to residence visa.
3- Now the company has no work for you but willing to give no objection certificate (NOC) to work for another company alongside with keeping your original residence visa on their responsibility.
4- The new company can apply for you a temporary work permit.

Arabic job seekers with residence visas in UAE are used to shorten all this story by saying "اقامة قابلة للاعارة" means they have residence visa and they have NOC from their original company to work for another companies.

residence visa with NOC for temporary work permit (fits exactly)

https://ar.quora.com/ماذا-تعني-إقامة-قابلة-للإعارة-لمصري-ينو...

Note:
اقامة قابلة للتحويل = transferable residence visa (has nothing to do with your text)

This is what I've found according to the short context you provided:
When an individual already has a job and a residence visa in the UAE, but they would like to take on another job, it’s necessary to carry out the transfer process. However, it’s important to know if he or she holds a transferable visa in UAE or if it’s allowed to change jobs depending on the position or according to contractual agreements.