whatsapp
Published on 01/27/2025

Freehold Conversions and Smart Rental Index to Transform Dubai's Real Estate

457 Plots for Freehold; Property Values to Surge 30-50%

Experts say the transition of Sheikh Zayed Road and Al Jaddaf into freehold zones, coupled with the launch of the Smart Rental Index, is set to revolutionize Dubai's real estate market. These initiatives are expected to boost property values in redevelopment areas by 30-50%, unlocking significant value for developers and investors.

A total of 457 plots—128 on Sheikh Zayed Road and 329 in Al Jaddaf—are eligible for freehold ownership under the Dubai Land Development (DLD) announcement. Farooq Syed, CEO of Springfield Properties, highlighted similar success stories, like the doubling of property values in Al Wasl’s transition to freehold and the redevelopment of LIV Waterside in Dubai Marina, where prices soared from AED 2,000 to AED 4,500 per square foot.

INNER (69)

The Smart Rental Index will further enhance redevelopment by linking rental valuations to location, quality, and sustainability. This incentivizes property upgrades, promising higher rental yields, better tenant satisfaction, and market transparency.

Experts believe these policies align with Dubai’s Urban Master Plan 2040, which emphasizes sustainability and livability. By attracting eco-conscious investors and modernizing older properties, Dubai solidifies its position as a global real estate leader, offering unmatched opportunities for developers and residents alike.