Freehold Conversion for Dubai Properties

Major Boost to Dubai’s Real Estate Market

In a landmark move, the Dubai Land Department (DLD) now allows private property owners in Al Jaddaf and Sheikh Zayed Road (from Trade Centre Roundabout to the Water Canal) to convert their properties to freehold. This change grants ownership rights to people of all nationalities, covering a total of 457 plots—329 in Al Jaddaf and 128 along Sheikh Zayed Road.

This initiative aims to enhance the market value of these prime locations, making properties more attractive to investors and fueling growth in Dubai’s real estate sector.

Steps for Property Owners:

• Check eligibility via the Dubai REST smart app.
• Apply for a land assessment and valuation through DLD.
• Pay a conversion fee (30% of the property’s gross floor area value).
• Receive a freehold title deed and updated property map.

This initiative aligns with Dubai’s Real Estate Strategy 2033, targeting a 70% increase in transactions, a market value of AED 1 trillion, and robust investor confidence.