In a significant move to enhance Dubai’s real estate market, the Dubai Land Department has announced that private property owners along Sheikh Zayed Road (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their properties to freehold ownership.

This strategic decision marks a notable shift in Dubai’s property landscape, particularly affecting one of the city’s most prestigious commercial and residential corridors. The change in ownership structure from leasehold to freehold is expected to attract more international investors and provide current property owners with greater control over their assets.

Freehold ownership grants property owners complete rights over their property and land, allowing them to sell, lease, or modify their properties without significant restrictions. This differs from leasehold ownership, where properties are owned for a fixed period with certain limitations.

The areas covered by this new initiative are among Dubai’s most sought-after locations:

• Sheikh Zayed Road: Dubai’s main artery and business hub
• Al Jaddaf: An emerging waterfront district known for its mix of residential and commercial properties

This development aligns with Dubai’s vision to strengthen its position as a leading global real estate destination. Property experts suggest this move could:

• Increase property values in affected areas
• Enhance market liquidity
• Attract long-term investors
• Boost confidence in Dubai’s real estate sector

For property owners interested in converting to freehold ownership, the Dubai Land Department will provide detailed guidelines on the conversion process, requirements, and any applicable fees.

This initiative represents another step in Dubai’s ongoing efforts to create a more attractive and flexible real estate market for both local and international investors. Stay tuned with us for more of such latest updates!!