Freehold is a property that is owned by the person for as long as they want it.

Freehold is 100% ownership with no expiry or validity – as long as the owner keeps the asset then its always for them and for their children…. Such freehold properties are for all nationalities to buy (local and expats) and can be sold between them as well.

depends on asset value, the expat owners can be eligible for residency visa.

The freehold ownership gives the buyer absolute ownership of the property without time restrictions.

Dubai Land Department will register the freehold buyer’s name as the ‘landlord’ in the registry and grant them a title deed for the property.

The main difference between freehold and leasehold property in Dubai can be summarized is in two points:

• The duration of the ownership is 99 years and can be transferred or sold based on certain rules.
• There are specific locations in the city that are designated for lease hold to expats and freehold to UAE locals & GCC nationals.

PROS OF BUYING FREEHOLD PROPERTY IN DUBAI

• Buying a freehold property in Dubai will give the owner complete control over the unit. Those who own freehold property in Dubai can remodel or renovate the unit structure as they see fit, as long as it abides by the guidelines set by the developer.
• The owner can sell, lease or occupy freehold property in Dubai at their discretion.
• The owner of freehold property in Dubai and their family will also be eligible for renewable UAE residence visas, provided they meet certain conditions.
• Another advantage of freehold ownership is the wide choice of properties available to prospective buyers. The designated zones, commonly known as freehold areas in Dubai, have a massive portfolio of freehold properties catering to different budgets, tastes and requirements.

In short, both ownership options have their pros and cons. It primarily comes down to what you need from your property investment.

So, make sure to do your prior research as buying a home in Dubai is a substantial financial commitment.

There is ONE thing that will help you make the right decision, Home Acquisition Process “HAP” strategy.

HAP encourages you to be neutral … no emotions so no mistakes. Evaluates based on logic and facts and sets the right expectations.

To book a free HAP consultation, click the button below, fill out the form, and our team will contact you as soon as possible.