The Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has wisely said: "Good crisis management is a guaranteed investment." Even though the Coronavirus Crisis has wreaked havoc worldwide, the rate of foreign investment in the UAE has grown by over forty-four percent. The UAE government has boosted economic investment by allowing foreign nationals, including both expatriate residents and non-resident investors, to purchase property within freehold areas in Dubai. Less than a quarter of real estate buyers in Dubai are local. Intelligent market strategies will continue to allow an exponential rise in Dubai's real estate market.
Dubai has always been this captivating metropolis, attracting people from all over the world. With its vibrant atmosphere, towering skyscrapers and ultra-luxurious standard of living, many international investors are attracted to own a piece of this thriving metropolis. And to top it all, ownership comes in the form of freehold areas in Dubai that allow complete possession of the property that you have invested in.
If you are looking for advice on navigating Dubai's sea of freehold areas, you have come to the right place. This article will help you unveil a comprehensive list of these designated zones.
Freehold areas in Dubai allow non-residents as well as foreign investors to have the right of complete property ownership which includes but is not limited to apartments, villas, townhouses, and even residential plots. After this government initiative, many freehold areas in Dubai are being developed. Let us take a quick look at some of these prime locations attracting international interest:
Business Bay is a bustling centre of commercial activity. You will also find freehold apartments from studios to luxurious penthouses that will minimise your commute to work every day due to their convenient location within the Business Bay area. Every property will have superior urban architecture and splendid views of this glittering city.
This prestigious area is home to many iconic attractions, such as the Burj Khalifa. This is another one of the renowned freehold areas in Dubai, offering properties that vary from lavish apartments to magnificent villas. Its inhabitants have instant access to state-of-the-art shopping, wining and dining facilities, and entertainment zones, which are second to none.
Both these locations present distinct opportunities for its investors. Business Bay caters to a fast-paced lifestyle focused on commercial activity, while Downtown Dubai offers grandeur and proximity to most of Dubai's renowned attractions. As these properties are freehold areas in Dubai, you are the complete owner, making these areas superlative for those seeking a permanent Dubai residence or even just from an investment perspective.
This man-made marvel entices investors seeking a luxurious waterfront residence. Offering freehold apartments and villas, it offers a sophisticated lifestyle in a majestic location. Downtown Dubai has a plethora of glittering skyscrapers with superlative views, fabulous entertainment avenues, high-end shopping, and a multitude of casual and fine-dining eateries.
Jumeirah Beach Residence, or JBR, is another beachside gem of freehold areas in Dubai that has an energetic vibe. Catering to diverse preferences, JBR offers all-encompassing apartments, townhouses, and even beachfront villas. Residents are surrounded with immense convenience due to the central location of this neighborhood which has a lively communal environment with direct access to pristine beaches and a bustling promenade that leaves you wanting for nothing.
Well-known for its sprawling villas and townhouses, this is one of the freehold areas in Dubai where you will find privacy at its peak with residences nestled amidst lush greenery, including facilities and amenities that are second to none.
If you want to be the proud owner of palatial estates with world-class amenities, the iconic Palm Jumeirah offers the ultimate island experience. You will be the proud owner of a piece of an engineering marvel with an unparalleled lifestyle in Dubai.
If you are one who prefers an active and sporty lifestyle, then freehold properties near the Meydan Racecourse are apt for you. There will always be something to do within this neighbourhood.
Just like Business Bay, this property has a foothold as a commercial district and is also ideal for freehold properties with a commercial angle.
For those who need to feed off the pulsating urban vibe of Dubai, MBR City offers futuristic living.
You may begin your search with the above areas but Dubai's freehold landscape is characterized by several other areas that include Jumeirah Village Triangle (JVT), Dubai Sports City, Dubai International Financial Centre (DIFC), The Greens and DAMAC Hills.
Although this list is comprehensive, it is viable for you to do more specific research and take help of a seasoned real estate agent who will advise you on legal concerns and the nitty-gritty of investing in freehold areas in Dubai.
If you are on a journey to find your dream property in Dubai, look no further—Acasa has you covered. Browse through stunning options for villas, apartments, and townhouses for the sake of investment or finding a family home.
