The Dubai Land Department (DLD) has launched a new provision enabling private property owners on Sheikh Zayed Road and in Al Jaddaf to convert their holdings to freehold status. The Dubai freehold conversion initiative is open to investors of all nationalities, marking a significant shift for two of the emirate's most strategically located areas.
A total of 457 approved plots qualify for conversion. Of these, 128 plots are located on Sheikh Zayed Road between the Trade Centre Roundabout and the Water Canal, while 329 plots are situated in Al Jaddaf.
Property Value Growth and Economic Impact
The initiative is expected to enhance property market values and attract freehold investors to both areas. It is also anticipated to stimulate new real estate projects, encourage substantial investment, and reinforce Dubai's standing as an international financial and real estate hub.
His Excellency Eng. Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, emphasised that the initiative directly supports the Dubai Real Estate Strategy 2033, which aims to drive real estate segment development and encourage long-term market investment. The strategy targets a 70% increase in real estate transactions and a total market value of AED 1 trillion.
How to Apply for Freehold Conversion
Property owners can use the Dubai REST smart app to verify their eligibility. Once confirmed, they submit an application for land assessment and valuation.
The conversion requires a fee equal to 30% of the property's gross floor area value. Upon completion of the process, owners receive a cadastral map and a freehold ownership title deed.
The Real Estate Regulatory Agency (RERA) will oversee common area fees and service charges for property common area unit owners going forward.
Sheikh Zayed Road and Al Jaddaf: Prime Locations
Sheikh Zayed Road is Dubai's main arterial highway and home to some of the city's most iconic commercial towers. Al Jaddaf is a fast-developing waterfront district near Downtown Dubai, already attracting major hospitality and residential projects. Opening both areas to Dubai Land Department freehold conversion is expected to accelerate development across both corridors.
Aligned with Dubai Real Estate Strategy 2033
This move is part of a broader push under the Dubai Real Estate Strategy 2033 to grow the sector's contribution to the emirate's economy. Alongside the 70% transaction increase and AED 1 trillion total market value targets, the strategy also aims to expand the real estate portfolio value to AED 20 billion.
By converting leasehold plots in high-demand zones to freehold, the DLD is directly incentivising long-term ownership and foreign direct investment in Dubai's property market.
