Dubai’s Freehold Move to Attract More Investors

Dubai Property Conversion to Freehold: A New Era for Investors

The Dubai Land Department (DLD) announced that 457 plots in Sheikh Zayed Road and Al Jaddaf are eligible for conversion to freehold ownership. This move will transform the city’s real estate market, enhancing its appeal to international investors.

Sheikh Zayed Road and Al Jaddaf Gain Freehold Status
The 457 plots include 128 on Sheikh Zayed Road and 329 in Al Jaddaf. This shift opens prime real estate areas to foreign ownership, boosting market confidence.

Implications for Investors and Developers
Al Msaddi notes that the freehold status will increase demand in key areas like Al Jaddaf, especially for businesses seeking commercial plots.