Dubai allows private properties on Sheikh Zayed Road and Al Jaddaf to be converted into “freehold”

The Dubai Land Department announced that it will allow private property owners in the Sheikh Zayed Road area (within the area from the mall roundabout to the water canal) and the Al Jaddaf area in Dubai, to convert them into freehold ownership available to all nationalities.

The number of lands included in the permit to convert to “freehold” is 457 lands distributed among 128 lands overlooking Sheikh Zayed Road (within the area from the mall roundabout to the water canal), and 329 lands in the Al Jadaf area.
Engineer Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, said: “Allowing real estate owners who own private property in the Sheikh Zayed Road area (within the area located from the mall roundabout to the water canal) and the Al Jadaf area, to convert it into freehold ownership is available to all nationalities.” “It contributes to stimulating growth in the real estate sector in Dubai, and strengthens the emirate’s position as a major economic center and a leading global market in the field of real estate investment, in order to achieve the goals of the Dubai Real Estate Sector Strategy 2033.”
Owners of the lands included in the transfer can first confirm whether they can benefit from it through the smart application “Dubai Rest”. For the transfer, it is required to submit an application to the Dubai Land Department to evaluate and value the land. The fee for the common areas will be calculated and determined, and service fees will be collected on the transferred property according to the Corporation’s procedures. Real estate regulation.