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What does “freehold” mean in Dubai?

The current legal interpretation of freehold in the UAE is long-term leases of 90 to 99 years.

In 2001, the Dubai government agreed to allow expatriates to purchase 99-year leases on real property. But in May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing non-nationals to buy property on a freehold ownership basis. After Sheikh Maktoum's decree, this sparked the real estate boom in Dubai residential property.

This freehold basis puts a property in the owner’s name for life. The titleholder can sell, lease or rent his property at his own discretion. The owner and his immediate family can also obtain a renewable Dubai residence visa.

However, the Dubai Government has indicated to property owners and developers that a new freehold law will be enacted at the end of this year settling the issues of ownership rights exactly.

For buyers of apartments (flats), some properties may end up being sold on a leasehold basis, common in many parts of the world, or on a freehold basis. This will depend on the decision of the developer.

Where does the current freehold law apply?

Currently, freehold properties for expatriates in Dubai are limited to the Sheikh Zayed Road and Jumeirah areas.

Other Emirates, including Abu Dhabi, have passed, or are currently in the process of passing laws governing the ownership of real estate by expatriate (non-national) individuals and corporate entities.

Check here for ten important due diligence points when buying or thinking of buying in Dubai.

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