New Horizons for Dubai Real Estate: Freehold Ownership Extended

Dubai continues to set the benchmark for global real estate innovation. The Dubai Land Department has introduced a game-changing update, allowing private property owners in key areas, including Sheikh Zayed Road (from the Trade Centre Roundabout to the Dubai Water Canal) and Al Jaddaf, to convert their holdings into freehold ownership, available to all nationalities.

This bold move opens new investment opportunities and aligns with the ambitious Dubai Real Estate Strategy 2033, further enhancing Dubai's status as a premier hub for real estate.

Key highlights:

• 457 plots now eligible for freehold conversion.
• Verification available via the Dubai REST smart app.
• Conversion ensures greater market accessibility and property valuation.

This initiative aims to stimulate growth, attract diverse investors, and solidify Dubai's position as a global leader in real estate.

What does this mean for investors and property owners? With more properties transitioning to freehold, Dubai is unlocking significant potential for investors worldwide, offering flexible ownership options and reaffirming its commitment to innovation and inclusivity.

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