Understanding Freehold vs Leasehold Properties in Dubai
Understanding Freehold vs Leasehold Properties in Dubai When it comes to property ownership in Dubai, one of the most crucial decisions a buyer must make is whether to invest in a freehold or leasehold property. Both options have distinct legal frameworks, ownership rights, and investment benefits. Understanding the differences between freehold and leasehold properties is essential to making an informed decision based on long-term goals, lifestyle preferences, and financial considerations. Here’s a comprehensive guide to help you navigate these two forms of property ownership in Dubai. What is Freehold Ownership? Freehold property ownership allows the buyer full ownership of the property and the land it sits on, with no time limit. In essence, you own the property outright. In Dubai, foreign nationals have been able to purchase freehold properties since 2002, following a landmark decision by the Dubai government that allowed expatriates to own property in designated areas. Key Benefits...