Areas in Dubai freehold
Dubai was the first emirate of the United Arab Emirates (UAE) to offer freehold real estate, at a time when UAE and GCC nationals only were permitted to own property in the United Arab Emirates. Real Estate in the Emirates is becoming more available to expats.
In 2001, the Dubai government agreed to allow expats to have a 99-year lease of particular Dubai property, and then in May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to buy property on freehold ownership. Sheikh Maktoum's decree sparked a real estate boom in Dubai's residential property sector.
Purchase of property on freehold basis means that the property is put in the owner's name for life, the owner has the right to sell, lease or rent their property at their own discretion.
Property owners and immediate family may be granted renewable Dubai residence visas.
Freehold property areas n Dubai includes the following :
- Umm Hurair second: plot No. (013)
- Al Barsha second south: plot No. (002)
- Al Barsha third south: plot No. (002)
- Emirates Hills first: Plots No (004) and (814)
- Emirates Hills second: Plots No (001) and (049)
- Emirates Hills third: Plot No (001)
- Jebel Ali: Plots Nos. (051), (074), (081), (082) (083), (084), (142), (143) and (391).
- Al Jadaf: Plort Nos. (003), (007) and (008)
- Global Islands: Plot No. (001)
- Ras Al Khor: Plot No. (165)
- Al Rawiya: Plots Nos. (063)and (065)
- Sheikh Zayed Road: Plots No. (118) and (147)
- Safooh First: Plot No. (069)
- Safooh Second: Plot No. (005)
- Al Gouz Third: Plots Nos. (005) and (006)
- Al Gouz Second Industrial: Plots Nos. (010) and (030)
- Al Gouz Third Industrial: Plot No. (028)
- Merdif: Plots Nos. (143)and (144)
- Dubai Marina: Plots Nos. (007), (014), (015) and (033)
- Palm- Jebel Ali: Plot No. (001)
- Palm- Jumeira: Plot No. (001)
- Nad Al Shiba: Plots Nos. (209), (215) and (222)
- Warsan First: Plot No. (002)
Written by Strategic Technology Solutions