Every foreign individual interested in investing in a property in Dubai must make himself/herself aware of the term–freehold, connected to property ownerships in the emirate.
Stated simply, ‘freehold areas’ are the designated areas in Dubai where foreign nationals are permitted to invest in properties.
Endowed with world-class infrastructure, a highly-secure environment, and a spread of luxury and affordable properties, Dubai has become a global property investment destination.
During the last few years, more and more foreigners have invested in property in Dubai. Moreover, the enjoyable and luxurious lifestyle in the emirate has attracted people from all over the world to live in Dubai. As such, the proportion of the foreigner population has increased considerably in the emirate.
According to the relevant studies, the foreign population in Dubai stands at 85%.
We reiterate that you should brush up your knowledge about the freehold areas in Dubai if you are looking to invest in a property in the emirate. And, to ease you to know about the areas, we are listing below the top freehold areas in Dubai.
In Dubai, there are many communities with numerous freehold apartments for sale. Also, there will be leasehold properties in the freehold areas, but those properties are meant for GCC investors and Emirati locals.
In addition, we also have carried the most affordable options available in the freehold areas for you.
Here, we go:
A relatively new freehold area in Dubai, Arjan, has many sub-communities with low and mid-rise apartment buildings. And, some of them are of the off-plan category.
Arjan, part of the Dubailand project, is located at the meeting point of Al Qudra Road (D63) and Sheikh Mohammed Bin Zayed Road (E311).
In the freehold developments, there are studio flats in Arjan and apartments from 1 to 3-bedroom units. While the sales price of studios start at around AED 305k, that for 1, and 2-bedroom apartments start at around AED 400k, and AED 699k, respectively.
In Dubai, Barsha Heights is a bustling community, which is located along the Sheikh Zayed Road. , close to other communities like The Greens. Barsha Heights is popular for both residential and business properties, and the area contains many freehold properties. Do you want to buy a studio flat in Barsha Heights? It costs around AED 400k.
If you are interested in buying apartments in Barsha Heights, you can consider investing in 1 or 2-bedroom units that are priced at around AED 500k, and AED 899k, respectively.
Blue Waters Island
The community is one of the most popular residential developments in Dubai.
Blue Water Island, in trendy JBR, is home to Ain Dubai, the world’s largest Ferris wheel. This is one of Dubai’s freehold areas, with modern apartments ranging from t to 4-bedrooms. If you are interested in purchasing these freehold apartments in Dubai, 1-bedroom apartments in Bluewaters Island start at AED 1.45M, while larger units can cost over AED 6M.
Another popular freehold area in Dubai is Business Bay, a residential and commercial area near to Downtown Dubai. During the last few years, property investments in Business Bay have been on the rise.
There are high-rise buildings, having studios, 1, 2 and 3-bedroom apartments. In addition, you will also find a few 4 and 5-bedroom apartments and penthouses. Besides, you will also find a few podium villas in Business Bay to purchase.
Given the current trends, prices of apartments for sale at Business Bay start from AED 440k for studios. While the sales prices of 1-bedroom apartments start from AED 500k, for 2-bed units start AED 850k.
Culture Village, also called Jaddaf Waterfront, is an upcoming freehold area along the shores of Dubai Creek.
In the area, there are luxury residential properties, five-star hotels and arts centers. Besides, you will also find many new residential and commercial projects.
Given the availability, you can consider a studio apartment for sale in Culture Village. Also, you can consider investing in a 1,2, or 3-bedroom apartment in the freehold area.
According to the current trends, the sale price of a studio apartment in Culture Village starts from AED 540k, and the price can go up to AED 9M, depending on the facilities, such as expensive fencing.
If you are interested in investing in one of the Dubai freehold apartments for sale, you can look for one in the Discovery Gardens area.
This apartment neighborhood provides a family-friendly environment, lush green surroundings, and spacious units in studio, one, and two-bedroom layouts. Sale prices for 1-bedroom apartments begin at AED 450k. In the area, you will get excellent freehold villas and flats in Dubai.
Downtown Dubai is one of the most preferred freehold areas in Dubai. Downtown Dubai, home to the famed Burj Khalifa and other attractions, also has a large portfolio of upscale freehold apartments.
A studio apartment in Downtown Dubai for sale costs around AED 480k. Again, if you want to purchase a Burj Khalifa studio apartment, it will cost you AED 1.6 million.
The freehold area is one of the most sought after areas in Dubai for investing in apartments. The area has waterfront homes, shopping malls, spas, and restaurants. And, you will find a large collection of excellent apartments and podium villas. The popularity of studio flats in Dubai Marina is increasing day by day. And, the sale prices of such a flat is at around AED 390k, given the current market trends.
Palm Jumeirah is a premier residential development that includes a number of luxury waterfront buildings. Investors looking for Palm Jumeirah flats for sale will have to pay a minimum of AED 647k. Again, Palm Jumeirah villas for sale, some of them have a stretch of private beach, are priced at around AED 4.45M, according to the current market standards.
It is essential to make yourself aware of the concept of freehold properties if you are thinking of investing in a property in the emirate. We believe that this article will help you understand the concept of freehold properties to the best possible extent.