Dubai, UAE – January 19, 2025- The Dubai Land Department (DLD) has unveiled a significant decision to allow the conversion of properties along Sheikh Zayed Road and in Al Jaddaf to freehold status. This announcement opens up 457 plots for freehold conversion, with 128 plots along the iconic Sheikh Zayed Road and 329 plots in the vibrant Al Jaddaf area. The move is poised to stimulate growth in the real estate market by providing more investment opportunities and increasing foreign property ownership options.
Adham Younis, Group CEO of D&B Properties, commented on the decision:
"The Dubai Land Department's move to grant freehold status to properties along Sheikh Zayed Road and in Al Jaddaf marks a pivotal moment for the Dubai real estate market. These areas have always been at the heart of Dubai's growth, and this decision will further fuel their development, attracting both local and international investors. We at D&B Properties are excited about the opportunities this will create for our clients, and we believe it will contribute to the continued success of Dubai’s dynamic real estate sector."
The decision to grant freehold status to properties in these prime locations reflects Dubai’s ongoing efforts to strengthen its position as a leading global real estate hub. Sheikh Zayed Road, a key commercial artery in the city, is home to numerous business towers, hotels, and mixed-use developments, making it one of the most sought-after locations for companies and investors. Al Jaddaf, a rapidly growing area close to Dubai International Airport, has emerged as a prominent residential and hospitality district, offering modern infrastructure and excellent amenities for both residents and visitors.
With the new freehold status, foreign investors will be able to purchase properties in these locations without restrictions. This marks a significant shift in Dubai’s real estate market, allowing international buyers to invest in some of the city’s most prestigious and strategic areas. It is expected that this conversion will not only boost investor confidence but also drive an increase in property values and demand for both commercial and residential developments in these neighborhoods.
This initiative is part of Dubai’s broader vision to enhance its real estate sector, attract global investors, and increase the city’s appeal as a top destination for property ownership. The conversion of properties along Sheikh Zayed Road and in Al Jaddaf aligns with Dubai's ambitious goals for sustainable growth and diversification of its economy, particularly in the real estate and investment sectors.
The Dubai Land Department continues to be at the forefront of supporting innovation and growth within the real estate market. This decision is another step in DLD’s commitment to providing seamless services and fostering a favorable environment for investment in Dubai’s thriving property market.
About D&B Properties:
D&B Properties is a leading real estate agency in Dubai, offering specialized services across a variety of residential and commercial properties. The company is dedicated to providing expert guidance, market insights, and innovative solutions to meet the needs of investors, developers, and homeowners.
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