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Freehold Property Guide for Sheikh Zayed Road & Al Jaddaf Investors

The Dubai Land Department (DLD) has recently announced a significant initiative allowing property owners in Sheikh Zayed Road and Al Jaddaf to convert their properties into freehold ownership. This progressive move is set to revolutionize Dubai’s real estate landscape by offering greater value and flexibility for investors. Let’s dive into the details and understand how you can benefit from this opportunity.

 

What is Freehold Property Conversion?

Freehold property conversion is the process of changing property ownership status to allow individuals of any nationality to own the property outright. This new policy applies to 128 plots along Sheikh Zayed Road and 329 plots in Al Jaddaf, making a total of 457 eligible properties.

With freehold ownership, investors gain unrestricted rights to their property, including the ability to sell, lease, or inherit it. This makes Dubai an even more attractive destination for global investors.

 

Benefits of Freehold Property Ownership in Dubai

 

1. Global Ownership Accessibility:

Freehold properties can be owned by anyone, regardless of nationality.

2. Enhanced Property Value:

Freehold properties generally have higher market value compared to leasehold properties, making them a lucrative investment.

3. Long-Term Security:

Ownership ensures lifelong rights to the property without renewal concerns.

4. Attractive for Investors:

Freehold conversion aligns with Dubai’s reputation as a global real estate hub.

5. Compliance with Real Estate Strategy 2033:

This initiative supports Dubai’s plan to increase real estate transactions by 70% and grow the market to AED 1 trillion*.

 

Steps to Convert Your Property to Freehold

✅ Eligibility Verification:

• Use the Dubai REST smart app to check if your property qualifies for freehold conversion.

✅ Apply for Land Valuation:

• Submit your application to the DLD for an assessment and valuation of the property.

✅ Pay the Conversion Fee:

• A fee equivalent to 30% of the property’s valuation based on its Gross Floor Area is required.

✅ Receive Freehold Title Deed:

• Upon payment, the DLD will issue a freehold ownership title deed and a property map.

✅ Comply with Service Fees:

• Common area fees and other charges will be set by the Real Estate Regulatory Authority (RERA).

 

Why is This Initiative Important?

His Excellency Eng. Marwan Ahmed bin Khalifa, Director General of the DLD, emphasized that this initiative would boost Dubai’s real estate market attractiveness by:

Encouraging long-term investments.

Enhancing property owners’ ability to benefit from price appreciation.

Strengthening Dubai’s position as a global economic hub.

 

Costs and Considerations

The primary cost involved in the conversion is the 30% fee of the property’s valuation. Additional considerations include:

Market fluctuations affecting valuation.

Long-term benefits outweigh the initial costs.

Transparency and streamlined processes are ensured by DLD.

 

Why Choose Freehold Properties on Sheikh Zayed Road and Al Jaddaf?

✔️ Prime Locations:

• Sheikh Zayed Road is the heart of Dubai, offering unparalleled connectivity and commercial significance.
• Al Jaddaf is a rapidly developing area with high investment potential.

✔️ Real Estate Growth:

• Both locations are poised for significant appreciation in value, aligning with Dubai’s ambitious real estate goals.

✔️ Investor-Friendly Regulations:

• Dubai’s transparent processes and regulatory frameworks make property ownership secure and straightforward.

 

Why Choose Signature Habitat?

At Signature Habitat, we specialize in providing end-to-end solutions for real estate investments in Dubai. Here’s why we’re the right partner for your freehold property conversion:

➡️ Expert Guidance:

• Our team offers personalized consultations to help you navigate the conversion process seamlessly.

➡️ Market Insights:

• Benefit from our deep understanding of Dubai’s real estate market trends and valuation processes.

➡️ Comprehensive Services:

• From eligibility checks to title deed issuance, we handle every step for you.

➡️ Trusted Partner:

• With a proven track record of successful client engagements, we’re committed to delivering excellence.

➡️ Hassle-Free Experience:

• Let us take care of the paperwork and formalities while you focus on your investment goals.

To learn more about the Freehold Property Guide for Sheikh Zayed Road & Al Jaddaf Investors, book a free consultation with one of the Signature Habitat team advisors.

This article was published on 22-01-2025. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.