Dubai has taken a bold step to further cement its position as a global investment hub by offering freehold property ownership opportunities in prime locations. The Dubai Land Department (DLD) has announced that private property owners in the Sheikh Zayed Road and Al Jaddaf areas are now eligible to convert their ownership status to freehold.

This landmark move enhances the appeal of these prominent areas, making them more attractive to investors while aligning with Dubai’s broader real estate goals for 2025. Let’s dive deeper into the expansion of freehold ownership in Dubai and the benefits this change brings to property owners and prospective buyers.

Sheikh Zayed Road and Al Jaddaf: The New Freehold Zones in Dubai

The DLD's decision permits a total of 457 plots across both Sheikh Zayed Road and Al Jaddaf areas to be converted to freehold status.

Sheikh Zayed Road: 128 plots between the Trade Centre Roundabout and Dubai Water Canal are now available for conversion to freehold. This stretch, a key artery of Dubai’s business and lifestyle landscape, offers immense potential for investors.

Al Jaddaf: Home to 329 eligible plots, this area has rapidly evolved into a hub for residential, cultural, and commercial developments.

Why This Move Matters

This initiative aims to benefit landowners in these areas by boosting the market value of their properties, especially for those transitioning to freehold ownership. Additionally, it is expected to enhance the economic appeal of these locations, opening opportunities for real estate developments designed for freehold investors and attracting a fresh wave of investment to Al Jaddaf and Sheikh Zayed Road.

Marwan Ahmed bin Ghalita, Director-General of the Dubai Land Department (DLD), stated that allowing private property owners in the Sheikh Zayed Road and Al Jaddaf areas to convert their properties to freehold ownership will significantly boost Dubai’s real estate sector. This initiative aligns with Dubai’s Real Estate Strategy 2033, further solidifying the emirate’s status as a global economic hub and a premier destination for real estate investment.

He emphasized that the move empowers property owners to capitalize on market price fluctuations, enhancing the appeal of Dubai’s real estate market and attracting long-term investments. Bin Ghalita also reiterated the DLD’s commitment to providing all necessary services to support the seamless implementation of this initiative.