Dubai has announced a groundbreaking decision allowing property owners in Sheikh Zayed Road and Al Jaddaf areas to convert their leasehold properties into freehold ownership. This initiative aims to boost the city’s real estate market, attract more investors, and provide property owners with enhanced legal rights over their assets.
Why Sheikh Zayed Road and Al Jaddaf Matter
Sheikh Zayed Road is Dubai’s commercial backbone, home to luxury hotels, shopping malls, and iconic skyscrapers. Al Jaddaf, located near Dubai Creek, offers excellent connectivity to major city hubs, making it an attractive area for property investments.
How This Decision Impacts the Real Estate Market
Increased Demand:
Freehold ownership will make these areas more appealing to both local and international investors, offering them full control over their properties and higher returns on investment.
Economic Growth:
This move is expected to bring significant foreign investment, bolstering Dubai’s economy and creating new job opportunities.
Sustainable Development:
By enhancing transparency in property ownership, the initiative fosters investor confidence, ensuring long-term growth in the real estate sector.
Who Benefits from This Change?
This decision opens up opportunities for:
Foreign investors seeking security and high returns.
Developers aiming to attract buyers to their projects.
Residents looking to enjoy more substantial property rights.
How Can You Benefit?
Navigating the legal and administrative complexities of converting to freehold ownership requires expert guidance. At AKT Real Estate, we provide comprehensive support to help you take full advantage of this new opportunity. Contact us today for personalized advice on Dubai’s prime real estate.
Source : Khaleejtimes.com
