Dubai, a blend of art and sophistication, has replaced all the renowned cities through its infrastructure and architectural designs. Capped as one of the most desirable cities, it fosters a complete portfolio of businesses, housing schemes, and state-of-the-art amenities. The city has been a corridor for the Eastern and Western cities, further thriving on its uniqueness.
Dubai is not just a haven for luxury seekers but an appealing opportunity for foreign investors as well. Acting as a global investment hub, this city involves a variety of freehold areas to open a gateway for investors from different countries.
Similarly, this gigantic metropolis has a population belonging to more than 200 nationalities. The purpose of inculcating freehold property areas in Dubai is to attract foreign talent from across the globe and make their lives comfortable and complacent. The city’s advanced development is proof of its excellent freehold projects.
Dubai introduced freehold areas in 2002 by removing foreign investors’ restrictions on buying property in Dubai. The rulers of the Emirates have made sincere efforts to promote a standardized lifestyle. They have also ensured a secure environment for foreign investors, which has subsequently resulted in expandable revenues.
Introducing Dubai Freehold Areas
Dubai freehold areas were introduced in 2006 under Property Law 7 to ensure non-GCC members’ freehold ownership of the properties. In light of this law, nationals from other countries can hold properties in specified freehold areas in Dubai. Plus, the acquisition of property rights has also been ensured after their registration with DLD (Dubai Land Department).
Why Would You Choose Freehold in Dubai?
Freehold in Dubai comes with some advantageous prospects, including the complete right over the property. Owners of freehold properties have the authority to renovate their villa or unit according to their demands. Freehold owners have the right to utilize their properties in any way they want. The property can be self-utilized, rented, or sold.
A freehold in Dubai can guarantee a long-term visa extension if the owner follows directed criteria. Dubai's freehold area does not possess high-class investors but is an immense option for people with different social statuses.
Top Freehold Areas in Dubai
Catering to diverse communities, Dubai freehold area provides a world-class lifestyle spread with comfort, necessities, and extravagance.
1. Barsha Heights
Nestled along the Sheikh Zayed Road, Barsha Heights is a newly developed vivacious community. The residential project, also known as TECOM, certainly offers a lifestyle brand for freehold seekers.
This freehold area has routes to popular locations in Dubai, embracing a family-adventurous environment. Furthermore, Barsha Heights is located between two major neighborhoods: Al Barsha and The Greens, making the location an attractive catch for investment.
- 1-bedroom unit sales price begins from an average of AED 932k.
- The sales price for a 2-bedroom apartment costs around an average of AED 1.3M.
- A studio apartment at Barsha Heights is available for AED 730k.
2. Dubai Marina
Recognized for its iconic views, Dubai Marina area offers an inspiring location amongst the skylines. Dubai Marina is not just a residential community but a hybrid structure; it includes spa centers, shopping malls, waterfront residences, beaches, and much more.
This freehold area in Dubai satisfies investors in all aspects, making it a symbol of urbanism. Besides, the community offers a wide range of properties for sale.
- 1-bed units are available at an average price of AED 1.59M.
- 2-bed units are perfect for freeholders with a range of AED 2.65M.
- Studio flats have an average selling price of AED 1.13k.
Have a Look on Properties in Dubai Marina
3. Culture Village
Nestled in Al Jaddaf, Dubai, Culture Village is a distinctive freehold project perfect for family residences. A preferred locality for those seeking an ideal lifestyle, Culture Village inculcates a range of shopping centers, luxurious housing, and exhibition spaces.
The fusion of Arab culture and sophisticated architecture further enhances the neighborhood. This off-plan freehold project is designed to captivate visitors within its five-star hotels.
- Prices for 1-and 2-bedroom units range from AED 1.6M-2M.
- 3-bed units are also available with an average price of AED 4.1M.
- Investors can buy studio flats here with an average price of AED 874k.
4. Jumeirah Lake Towers
An ideal freehold area like Jumeirah Lake Towers (JLT) is for those seeking artistic creations, while the artificial lakes make the community more appealing to investors.
This massive community is split into twenty-six residential buildings, catering to the needs of diverse community members. JLT offers numerous units and studio apartments at reasonable prices.
- Centered with world-class amenities, the price range of 1- and 2-bedroom apartments at JLT costs around AED 1.9M and 2M, respectively.
- Studio units are also available within this freehold area, with a starting price of AED 735k.
Have a Look on Properties in JLT Dubai
5. Liwan
In the center of Dubailand, Liwan offers a variety of residential units, making it one of the largest freehold townships in Dubai.
Featuring six complex towers, Liwan is a multi-purpose community with four hotels adjacent to it. Liwan offers the true essence of the lifestyle while adding to the portfolio of Greater Dubailand development.
- The buyers are required to pay AED 443k for studio flats at Liwan.
- 1-bedroom apartments are available at the price of AED 508k.
- Additionally, 2-bedroom units can also be purchased, which cost around AED 795k.
6. Mirdif Tulip
A sub-urban and first freehold neighborhood, Mirdif Tulip is located in the Mirdif area of Dubai. A low-rise residential tower with five floors, Mirdif Tulip indicates state-of-the-art amenities, making it a perfect gated community for foreign nationals.
Investors will not only find a home but also a space for their daily activities. Mirdif Tulip provides a spacious gym and swimming pools, attracting foreign investors.
- Investors would have to pay AED 553k for a studio apartment here.
- Those interested in 2-bed apartments would be required to pay around AED 1.5M.
7. Emirate Hills
A renowned gated and family-oriented Emirates Hills is nestled in the Montgomerie Golf Club Dubai. This prestigious project is the development of Emaar Properties, comprising enormous villas and a lavish landscape. The advanced architectural structure of Emirate Hills is what brings true meaning to its residents.
- 5-bed villas are available at an average price of AED 46-47M.
- The average price of 6-bedroom villas stands at AED 47-48M.
- Investors are required to pay AED 84M for a 7-bedroom villa.
8. Palm Jebel Ali
An artificially constructed archipelago, Palm Jebel Ali is the epitome of perfection and sublime. It is a lifetime opportunity for high-profile buyers, with your doors open to beaches.
Surrounded by a tranquil environment and mesmerized by breathtaking views, the palm-shaped resort-like community is a heaven on earth. Though located far from the city’s chaos, Palm Jebel Ali is still connected to the main city with smart technology and transportation facilities.
- The selling price of a villa at Palm Jebel Ali is around AED 22.6M.
9. Motor City
An automotive-themed locality for investors, Motor City, is projected to feature 11,630 residential apartments and 2,900 hotel room spaces.
Nestled between the Arabian Ranches and Sports City, Dubai Motor City is a dramatic freehold area in Dubai. Moreover, the project is reasonable for foreign investors because of its lavish amenities and vast apartments.
- A sum of AED 1.35M is required for a 2-bed unit.
- Motor City also features villas, starting at the price of AED 3.77M for 3-bedroom villas.
10. International City
An incredibly high return-yielding project, International City in Dubai exhibits unique, affordable units for freehold buyers. The project is known for its family-oriented residential projects and different cuisine restaurants.
Located near Dubai International Airport and in the heart of Dragon Mart, International City is one of the exclusive freehold areas in Dubai, providing both security and affordability.
- Investors are required to pay AED 1.65M for a 3-bedroom villa.
- 1-bedroom flats are also available at the average price of AED 492k.
Closing In
Begin your dream investment in freehold areas in Dubai through our comprehensive guide. However, certain things are necessary to keep up with while investing in Dubai freehold areas. A keen observation of the locality and property is required before the purchase to ensure a suitable investment. Look around for the facilities and amenities if you buy the property for residential purposes.
Investors need to scrutinize the rental yields of specific neighborhoods to ensure adequate profits. Buying a freehold property in Dubai requires a simple yet lengthy procedure, including legal processes. Also, the reputation of the Developer plays a crucial role, so be aware of being scammed by new, unknown Developers.
Apart from the freehold property payment, investors need to shell out a substantial amount for other aspects. This includes the property agents, Dubai Land Department fees, mortgage fees, registration fees, and a contract feet fee for off-plan project investment. Invest in freehold areas and acquire complete ownership of your dreams!
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