From a foreign investment perspective, properties referred to as freehold in Dubai are those located in “designated areas” in which non-nationals can own an absolute interest in land.
To elaborate, freehold property refers to any estate which is “free from hold” of any entity besides the owner. Hence, the owner of such a property enjoys free ownership for perpetuity and can use the property for any purposes however in accordance with the local regulations. On frequent occasions, it is usually 1 unit owned by 1 individual. Sale of a freehold property in Dubai does not require consent from the state and hence requires less paperwork. It is also essential to instruct a property lawyer to conduct thorough due diligence.
There are over 60 freehold areas in Dubai currently including some new developments. Among the most searched areas are Dubai Marina, Business Bay, Jumeirah Village Circle, Jumeirah Lake Towers, Dubai Hills Estate, Motor City, Dubai Sports City, Dubailand, Downtown Dubai, Arabian Ranches, Nshama Townsquare, La Mer, Al Furjan, Emirate Hills, Meydan, and Bluewaters.
Finding the right freehold property as per your need and requirements can be challenging, and a time-consuming task. If you are searching for a freehold property in Dubai online, Rocky Real Estate would be the ideal place to start looking. Once you have decided on the designated location, contact us at +971 4 4476644 or [email protected] for assistance in the transaction from the start to the end.
The leading and established real estate company in Dubai, Rocky Real Estate offers a variety of properties in all sectors, with top-caliber knowledge on market opportunities and trends.
Talk to our experienced property advisors about Dubai Freehold investments. Free consultation at +971 4 4476644. Contact us!