Dubai Land Department has announced that private property owners along Sheikh Zayed Road (Trade Centre Roundabout to Water Canal) and Al Jaddaf can now convert their properties to freehold ownership. This move is open to all nationalities and applies to 457 eligible plots—128 along Sheikh Zayed Road and 329 in Al Jaddaf.

Steps for Conversion:

1. Verify eligibility via the “Dubai REST” app.

2. Submit an application to the Dubai Land Department for land evaluation.

3. Pay a 30% conversion fee based on the land’s valuation (Gross Floor Area).

4. Receive a freehold ownership title deed and property map.

Benefits of the Initiative:

• Boosts property market value for owners.

• Strengthens Dubai's position as a global economic and real estate investment hub.

• Aligns with Dubai’s Real Estate Strategy 2033.

This initiative is expected to drive growth in Dubai’s real estate sector, giving owners greater control and long-term value over their properties.

Leasehold vs Freehold:

• Leasehold: Ownership rights for up to 99 years but not the land.

• Freehold: Full ownership of both property and land, with freedom to sell, lease, or occupy as desired.

Landowners are encouraged to act quickly to maximize the benefits of this opportunity!