The real estate market has been affected by the Dubai Land Department's (DLD) recent declaration that homes on Sheikh Zayed Road and Al Jaddaf will be converted from leasehold to freehold. This innovative project is expected to change the real estate market in these desirable neighborhoods and increase its allure for both domestic and foreign investors.
Let's examine the procedures involved in converting leasehold to freehold ownership in these two locations, the possible effects on Dubai's real estate market, and the effects of this leasehold to freehold transfer.
Important information for property owners in SZR and Al Jaddaf on the proposal to convert leasehold to freehold
The Dubai Land Department (DLD) has determined that 457 plots 128 along Sheikh Zayed Road and 329 in Al Jaddaf are eligible to be converted from leasehold to freehold status. Private property owners of all nationalities are welcome to participate in this program, which is a big step in the direction of real estate market inclusion.
Eligibility and the Application Procedure for a Leasehold to Freehold Conversion
To find out if they qualify for a leasehold to freehold conversion, owners of New Property in Dubai can use DLD's "Dubai REST" app.
The following procedures can be used to turn leasehold Properties in Dubai into freehold:
- Verify Eligibility: Owners need to use the DLD Dubai Rest app to compare their property to the list of eligible plots.
- Application Submission: To have your land assessed and valued, you must submit an application to the Dubai Land Department.
- Pay Fees: A 30% conversion fee based on the gross floor space of the property is required.
- Obtain Title Deed: Owners will obtain a freehold ownership title deed and an extensive property map following a successful payment.
Effects on the economy of switching from leasehold to freehold
Estimated Value Growth
It is projected that the conversion of properties to freehold ownership will result in significant growth in Dubai's real estate market. Property values are expected to rise significantly due to the rising demand from investors and foreign nationals, according to analysts. This increase should be driven by:
- Demand Will Rise: A greater variety of purchasers will be drawn to the new freehold sites by the appeal of complete ownership rights.
- Opportunities for Redevelopment: Modernization of older properties could increase their worth even more.
Change to Freehold: The Response of the Market
Professional responses from the real estate sector demonstrate the initiative's beneficial effects. Many people think that both commercial investors and owners of residential real estate will profit from the conversion.
Al Jaddaf and Sheikh Zayed Road's decision to permit freehold ownership is expected to draw a variety of investors, especially in one of Dubai's most desirable thoroughfares.
Due to increased demand from international investors and expatriates, this move will unavoidably drive up property prices and rental rates.
The Prospects of Al Jaddaf and Sheikh Zayed Road Following the Leasehold to Freehold Conversion
The implementation of this project would help Sheikh Zayed Road because this road is celebrated for providing convenient access to its advantageous location. Residential and business development is actively ongoing within the area because residents benefit from shopping centers and restaurants and medical facilities that are all close by.
The residential and business projects in Al Jaddaf are driving its transformation into a vibrant neighborhood although people still consider it a peaceful area. The freehold conversion will lead to further business development while attracting multiple companies planning to establish offices in Dubai.
Comprehending Freehold Ownership
The freehold property law in Dubai enables owners to change their property or transfer it to another owner through sale or leasing as they choose because they maintain total ownership. A person can own specific property through freehold in Dubai for no more than 99 years before its ownership automatically transfers to the government or private landlord.
Advantages of Freehold Property Ownership
Purchasing freehold real estate in Dubai offers numerous advantages.
- Total Control: Without any limitations imposed by a landlord, owners are free to handle their property as they see fit.
- Long-term Investment: Freehold properties are a safe investment because they often increase in value over time.
- Improved Marketability: Freehold properties typically draw more purchasers, raising their resale value.
The Dubai Government's Role
The Dubai Real Estate Sector Strategy 2033 along with other initiatives helped the Dubai government intensify efforts to boost the real estate market. Through its plan the government aims to achieve greater homeownership and multiply real estate dealings while doubling the industry's economic impact on GDP.
The government's dedication to fostering an environment that is conducive to Off-Plan Investment in Dubai is demonstrated by this most recent work. Dubai establishes itself as a top real estate investment destination by permitting foreign ownership in desirable areas.
Dubai Land Department's Latest Efforts to Strengthen the Real Estate Industry
Through its policies the Dubai Land Department (DLD) seeks to enhance the real estate market while attracting investors into their market.
The Smart Rental Index represents a significant project from 2025 which generates instant data through its star grading system. The index helps investors and tenants make intelligent choices by furnishing statistics about new and old buildings in addition to neighborhood and building average rents.
The real estate development in Dubai attained a major milestone through the permission to convert leasehold homes on Sheikh Zayed Road and Al Jaddaf into freehold ownership. Expect investors to see an active market situation and increased profitability while new investment possibilities emerge due to increasing real estate demand in these locations.
Investors from both local and international backgrounds should immediately examine Dubai's booming real estate market because it represents excellent ownership opportunities during this favorable period.
Conclusion
The real estate development of Dubai reached an important milestone when the DLD implemented freehold ownership conversions in Al Jaddaf and along Sheikh Zayed Road. This strategy serves two purposes: it helps individual Off Plan Dubai property owners as well as attracts international investors who make Dubai one of the top real estate investment locations.
