In most cases buying real estate in the UAE is a profitable way to invest. But according to the current legislation of the UAE, foreign residents can buy real estate and own 100% only in the so-called free property zones. Freehold areas of Dubai are exactly those areas where you can buy real estate with 100% ownership. That means that by buying housing in such an area, the owner has the right to dispose of it at his own discretion, he can sell it, donate it or rent it out.
Dubai Freehold Real Estate
When choosing real estate for the purpose of investing and making a profit in the future, it is important to pay attention not only to the object itself but also to its location. In more elite and prestigious areas, renting an apartment is more expensive so the payback from the acquired property will be higher.
The best freehold areas in Dubai:
Arjan – located almost on the outskirts of the city but this does not prevent him from taking the place of one of the most sought after areas of Dubai. Arjan’s popularity lies in its proximity to Sheikh Mohammed Bin Zayed Road and Umm Suqeim Road. It is these highways that are the key transport interchanges in the city that helps to get from Arjan to anywhere in the emirate. Arjan is dominated by predominantly low-rise and mid-rise residential buildings with luxury 1-3 bedroom apartments. The project is still under construction but according to the project the remote location provides a quiet and comfortable environment for a measured life. The average cost of apartments is 320 thousand dirhams.
Bluewaters Island is a man-made island and a grandiose project from the well-known developer Meraas. Bluewaters Island combines premium luxury real estate, developed infrastructure and a panorama of the Persian Gulf. For investors, real estate on the island is attractive due to its high profitability and quick payback. Ready-made properties on Bluewaters Island only increase in price every year due to the unique location and the provision of VIP conditions for a comfortable stay. Long-term lease guarantees 7-8% per annum and with a short-term lease you can count on 15-16%.
Business Bay is the business center of one of the most popular emirates in the UAE. It is called the Dubai Manhattan with an area of 6 square kilometers including 240 residential and commercial properties. Business Bay is especially attractive for businessmen and investors. Real estate in this area is distinguished by a special glamor and infrastructure development. When buying a home you can get up to 10% per annum. In Business Bay you can buy luxury apartments with 1-3 bedrooms from 600 thousand dirhams or penthouses with 4-5 bedrooms.
Dubai marina. “Arab Venice” – this is what this area is called because of the long beautiful canal. Dubai Marina is an area with five-star hotels, restaurants and luxury residential buildings offering comfortable apartments starting at $350,000. According to the plan Dubai Marina is to become the largest artificial harbor for luxury yachts. This is a prestigious place with an area of only 4 sq. km. which attracts with a picturesque landscape and a full-fledged infrastructure necessary for a comfortable life.
Al Barari is a residential complex that is ideal for people who value peace, comfort and solitude with nature. Al Barari is surrounded by beautifully landscaped gardens and man-made lakes. Its advantage lies in the large selection of real estate. Al Barari features luxury villas and apartments starting at AED 3.5 million.
Property for sale in the freehold areas of Dubai provides an excellent opportunity for the homeowner to obtain an investor visa for a period of 3 years. But to obtain such a privilege a foreign citizen will have to purchase an object worth 750 thousand dirhams. As soon as the property becomes his own, he has the right to apply for a visa. If a foreign resident bought an apartment in an unfinished building (at the stage of excavation or construction), then until the house is put into operation he does not have the right to apply for a visa.
But in Freehold you can buy not only luxury apartments with all amenities and developed infrastructure nearby but also comfortable villas.
Freehold villas for sale in Dubai are featured in prominent communities such as:
Jumeirah Park is a great place not only for a carefree holiday, but for life in general. Proximity to the sea, a huge park area, accessibility to major highways, infrastructure facilities and shopping centers, privacy, 24/7 security – all this makes Jumeirah Park unique and desirable for both tourists and investors. There are more than 2,000 villas on the territory of the complex, the average cost of which starts from 3.2 million dirhams.
Reem is a project by Emaar that won everyone over with a harmonious combination of Arabic and European styles. This year the demand for villas in Reem has grown by 3%. This is an ideal place to live with children, the territory has all the necessary infrastructure for life. This is the first community with its own central park and modern playgrounds for children and sports. The houses in the community are especially popular among tourists. Despite the prestige of the village, rent in it is quite affordable. For a villa with 4 bedrooms you will need to pay about 130 thousand dirhams per year.
Meadows is a beautiful, gentrified community with cozy villas, townhouses starting at AED 3.9 million. The expected return on investment reaches 4.2%. The main advantage of Meadows is its remoteness from the noisy city center but due to its close location to the Sheikh Zayed highway and E11, it will not be difficult for property owners to get anywhere in the emirate.
The Villa is a quiet and peaceful place for privacy and measured life. The community has everything you need: parks, playgrounds, shops, etc. The Villa is a complex of over 1200 luxurious villas built in various styles. You can buy a villa in this society for 2.8 million dirhams.
Tilal Al Ghaf is one of the most popular areas in Dubai. It is in incredible demand among investors due to its well-thought-out infrastructure and convenient location. Tilal Al Ghaf features beautiful landscaping and direct access to the beach.
If you want to invest money profitably, buy real estate in the UAE. Depending on the object, you can make a profit of up to 12% per annum. If you want to become the owner of luxury housing in Dubai, our Limitless Valley company will quickly and efficiently select the necessary real estate options for you, advise on legal issues and accompany the transaction until the signing of the sale and purchase agreement. Our agency cooperates with the largest developers in the UAE: Emaar, DAMAC, Select Group, AL BARARI, AZIZI, ELLINGTON. We have a wide range of facilities that can satisfy any wishes and requirements of the client.