A lot of research prior to purchasing your own home in Dubai is essential especially when you are not accustomed to the procedure. Freehold areas are some specific areas stipulated by the UAE Government where anyone from literally anywhere in the world can own a property in Dubai.
On the other hand, leasehold areas depict that you can only lease property. These leases can range from 10 years up to 99 years. Therefore, when compared to its counterpart, freehold properties offer more control which allows you to essentially do whatever you want with your home – within reason.
Buying a property in UAE is now easier than ever. Due to the change in the law which took effect in 2002, non-nationals can now purchase and sell a property in Dubai without any special procedures or sanctions. There are many remarkable projects in terms of investment including Madinat Jumeirah Living by Dubai Holding, Port de La Mer by Meraas , Bluewaters Residences Dubai, Emaar Beachfront and more. Therefore, if you’re looking to invest or are simply considering a move, team up with a qualified real estate agency.
There are a lot of Dubai real estate agencies who can assist you at every step of your real estate transaction. Your real estate agent is your best resource as they are full of limitless information and with many freehold areas to choose from, your agent will assist you in finding your perfect fit.
Freehold areas span over 23 neighbourhoods which include the infamous Palm Jumeirah along with the Dubai Marina, Emirates Hills and Al Barsha! Hence, it is imperative to conduct your own research.
If you’re buying it for personal usage, you should also factor in its location with regards to the amenities such as the supermarket, transportation, schools and so on.
Each neighborhood has certain attributes which make it stand out from others. For instance, the Dubai Marina offers a multicultural yet upscale flare and its proximity to the beach is quite appealing. On the other hand, Palm Jumeirah is a community offering the best of island living and features plush villas and villas.
Registration of your property is the next critical step. If you do not register with the Dubai Land Department then you would not receive full ownership. But as far as your status of residency is concerned, you are entitled to own a property and choose not to reside there. But developers are making it easy for investors and are presenting visas (six-month multiple entry visa) with their purchases too.