In a major step forward for Dubai’s real estate market, the Dubai Land Department (DLD) has announced that private property owners along Sheikh Zayed Road (from the Trade Centre Roundabout to the Water Canal) and in the Al Jaddaf area can now convert their properties to freehold ownership. This historic move is set to unlock new opportunities for property owners and investors alike, enhancing the market value of properties in these key areas.
The DLD’s new initiative allows the conversion of 457 plots, including 128 along Sheikh Zayed Road and 329 in Al Jaddaf. Importantly, the permission is available to all nationalities, marking a significant step toward attracting more global investors to the Dubai real estate market.
According to Eng. Marwan Ahmed bin Ghalita, Director General of the DLD, this decision is expected to accelerate growth in Dubai’s real estate sector. It strengthens Dubai’s position as a global economic powerhouse and a leading destination for real estate investment, in line with the ambitious Dubai Strategy 2033. The move is also designed to enhance the overall attractiveness of these areas, which are among Dubai’s most sought-after locations.
Property owners in the eligible areas can confirm their eligibility for conversion via the “Dubai REST” app. The process involves submitting an application to the DLD for property evaluation and payment of a conversion fee, which is set at 30% of the property’s valuation based on Gross Floor Area. After this, owners will receive a freehold title deed, officially transferring ownership rights of the property and the land beneath it.
This move is part of a broader strategy that also includes the rollout of Dubai’s smart rental index, providing further transparency and efficiency in the real estate market.
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