The Dubai Land Department (DLD) has announced that private property owners in the Sheikh Zayed Road area, from the Trade Centre Roundabout to the Water Canal, and in Al Jaddaf can now convert their ownership status to freehold, accessible to all nationalities.
A total of 457 plots are eligible for the conversion, comprising 128 plots along Sheikh Zayed Road and 329 plots in Al Jaddaf.
The initiative is expected to enhance market value for landowners and attract investments tailored to freehold ownership.
Dubai property owners in Sheikh Zayed Road and Al Jaddaf can now opt for freehold conversion
“His Excellency Eng. Marwan Ahmed bin Ghalita, Director General of DLD, said that enabling private property owners in the designated areas in Sheikh Zayed Road area and Al Jaddaf to convert their properties to freehold ownership will drive significant growth in Dubai’s real estate sector. The move also reinforces Dubai’s position as a global economic hub and a leading destination for real estate investment, in line with Dubai’s Real Estate Strategy 2033,” the Dubai Media Office (DMO) said in a statement on Sunday.
“He added that the initiative enables owners to benefit from price changes, enhancing the Dubai real estate market’s attractiveness, and drawing long-term investments. The Dubai Land Department is committed to providing all the services needed to facilitate this move, he stressed,” the statement added
Property owners can verify their eligibility through the Dubai REST smart app. Eligible owners must submit an application to the DLD for land assessment and valuation.
Conversion will involve a fee of 30 percent of the property’s valuation based on Gross Floor Area.
After payment, owners will receive a map and freehold ownership title deed. Common area fees and service charges will align with guidelines set by the Real Estate Regulatory Authority.
The Dubai Real Estate Strategy 2033 aims to increase real estate transactions by 70 percent, raise the total value of Dubai’s real estate market to AED1 trillion, and expand the value of Dubai’s real estate portfolios to AED20 billion.
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