Freehold areas in Dubai , the attention of all investors and job seekers around the world. has been attracted by the emirate of Dubai, and this is due to many reasons. including the great interest in real estate development, international designs. entertainment and service places spread in Dubai, and there are offers and investment opportunities that cannot be missed. etc. which made many people, especially investors, take advantage of the opportunity. to own a place in Dubai and move to live in it.
Types of ownership in real estate projects in Dubai
There are three types of ownership in real estate projects, which are offered by the UAE as follows:
- Freehold: the owner who owns a property in his name and with his money is called freehold.
- Ownership by lease: it expresses the abandonment by the owner of a part of the building in favor . of a second party through a long-term lease.
- Shared ownership: this term is called a building in which there is more than one unit. or apartment owned by different individuals.
Real estate investment and property ownership conditions in Dubai
Everyone is allowed to invest or own a property in Dubai, but under several conditions, according to the freehold law in Dubai, including:
- The right to own real estate for sale in Dubai is limited to natural and legal persons who are citizens.
- Approval must be taken from the chairman of the executive board.
- The share of public companies should not exceed 49%.
- The usufruct right is not more than 10 years.
- The consent of the beneficial owner must be taken before mortgaging the property by the owner.
Advantages of owning a property in Dubai
There are several benefits to investing in Dubai or buying real estate in it, including:
- The stability of the economy in the UAE.
- Strategic location.
- The use of technology and the quality of the services provided.
- Facilities provided by the state.
- Obtaining a long-term visa.
- No property taxes are levied.
The best areas to buy villas in freehold areas in Dubai
In the list of the best areas of villas for sale in Dubai, “Akoya Oxygen “took the first place with a search rate of 22.67%, while “Springs” took the second place with 21.45%, and “Arabian Ranches” took the third place with 21.25%, the fourth place was shared by” Dubai Hills Estate “with 18.51%, and finally the fifth place was for “Dubailand” with 16.11%
Akoya Oxygen is one of the most beautiful residential complexes that provides a quiet lifestyle away from the hustle and bustle of the city, located about 20 minutes from Umm Suqeim Street, so it is easy for everyone to reach it from various areas, and it is also a major residential complex in its own right, surrounded by an international golf course and includes green spaces, gardens, water fountains and clean streets. Speaking of prices, the price of 3-room villas is about 1.11 million dirhams. the price of 4-room villas is 1.4 million dirhams, while the price of 5-room villas is 2.38 million dirhams.
This area is characterized by being quiet and fenced. in addition to having very carefully designed villas and wonderful facilities, it also includes artificial lakes and vast green spaces, and the average price of 3-room villas is 2.89 million dirhams, while the average price of 4-room villas is about 3.55 million dirhams.
Arabian Ranches is considered one of the most suitable areas for families, as it provides a range of the finest entertainment and service facilities with international standards and a comfortable Community Lifestyle.the average price of 3-room villas is AED 3.04 million, the average price of 4-room villas is AED 4.77 million, and 5-room villas are available at an average of AED 6.16 million.
Dubai Hills estate
Dubai Hills estate has a large number of facilities, it also has an 18-hole golf course, in addition to being connected to a good road network and close to Mall of the Emirates and Downtown Dubai, and for prices, 3-room villas are priced at AED 4.21 million, 4-room villas are priced at AED 4.95 million, and 5-room villas are priced at AED 6.83 million.
It contains a selection of the best villas ever and also embraces the flower garden in Dubai in addition to the sophistication of the living style, the average price of 3-room villas is AED 1.97million, 4-room villas are an average of AED 2.6 million, and finally 5-room villas are an average of AED 3.51 million.
The best areas to buy apartments in freehold areas in Dubai
We will remind you after doing large searches for the best areas to buy apartments in the emirate of Dubai, where the reports issued by the Emirates said that Dubai Marina came in first place, where it got the search rate for apartments for sale in Dubai to 35.62%, then in second place “Jumeirah Village Circle” where it got a search rate of 24.86%, then in third place “Business Bay” by up to 16.26%, the fourth place was shared by the area of “Jumeirah Lakes Towers” by 12.12%, and finally the fifth place was from the share of “Dubai Silicon Oasis” by 11.14%.
Dubai Marina is one of the most important areas where freehold is allowed, due to the service and entertainment facilities it provides at the highest level of quality, and one of its features is the Dubai Marina Walk, which is one of the most important tourist attractions in Dubai, and it is also considered the most sought-after areas for home ownership “townhouses” or apartments in it, it also includes a unique collection of real estate and is close to vital areas such as Downtown Dubai, and for those wishing to invest or live in it, you will find apartments at good prices compared to the type of services it provides, as studio apartments can be found at a price of 766 thousand dirhams, and lounge and two-room apartments with an average of 1.91 million dirhams, and lounge and one-room apartments with an average of 1.21 million dirhams.
Jumeirah Village Circle
Jumeirah Village Circle (JVC) is named after its circular design, and it is one of the largest and most developed residential free zones in Dubai, as it is characterized by an important strategic location, it is close to Motor City and the Jumeirah Village Triangle, and it is also located near Sheikh Mohammed bin Zayed Road and Al Nakheel Street. Studio apartments for sale can be obtained for an average of AED 425 thousand, and the price of lounge and room apartments will be AED 691 thousand, as well as lounge and two-room apartments for an average of AED 1.04 million.
The Business Bay Area is one of the largest residential commercial centers in Dubai, it is located opposite Downtown Dubai and close to the Dubai Canal, where it is one of the main choices for investors. There is also a range of premium serviced apartments in the area, and there are studio units at an average price of 746 thousand dirhams, and there are Lounge and room apartments at an average price of 1.14 million dirhams, while apartments containing a lounge and two rooms have an average price of 1.81 million dirhams.
Jumeirah Lakes Towers
Jumeirah Lakes Towers is called JLT and is characterized by the presence of all various service and entertainment facilities, and there are shops, restaurants and cafes at every corner of it, and the average price of studio apartments is about 488 thousand dirhams, next to lounge and room apartments with an average of 841 thousand dirhams, and lounge and two-room apartments with an average of 1.36 million dirhams.
Dubai Silicon Oasis
Dubai Silicon Oasis is more suitable for families or for investment, as it includes a large number of luxury properties and has mixed-use areas, and the average price of studio apartments is 321 thousand dirhams, as for lounge and room apartments with an average of 473 thousand dirhams, and finally lounge and two-room apartments with an average of 772 thousand dirhams.
Freehold land ownership areas Dubai
We will show you the best areas where you can buy freehold land for sale in Dubai:
- Barsha Heights.
- The Russians.
- Dubai International Financial Centre (DIFC)
- Jumeirah Heights.
- Dubai Investment Park.
- Dubai Media Production City (IMPZ)
Things a freeholder should consider
There are several things you should consider when buying a house or investing in Dubai, including:
- The period of ownership of the property.
- The appropriate cost.
- The area of the property.
- Coordinate the scheme.
- High quality.
- The state of the market.
- Maintenance costs.
- Rental proceeds.
- Real estate residence visa.
At the end of the article, we hope that we have provided you with the best information . and saved you the trouble of searching for the freehold system in Dubai.