Is it possible to buy Freehold Properties in other Emirates of UAE?
Dubai is the first Emirate of UAE that allowed non-GCC residents to possess a freehold property in specific areas of Dubai. Other Emirates of UAE are also focusing to develop their own property laws. Recently Abu Dhabi (2005) and Ajman (2006) have announced freehold properties available in certain specific areas. Other states are also focusing to provide freehold ownership to expats and foreigners. Although, states are taking interest to develop freehold properties but still federal government of UAE didn?t announce any law on federal level. Several freehold residential projects also offer residency or relocation visa via purchase. Moreover, Government has announced a special type of residency visa to foreign people buying properties in this emirate. This kind of visa only allows foreigners to live in Dubai but it doesn?t allow them to work in Dubai.
Areas Offering Freehold Properties in Dubai
Dubai has become a popular choice among foreign investors and other non-GCC residents who are willing to purchase their second home in UAE. Due to its subtropical climate, cosmopolitan environment and worth seeing places, this city attracted holiday makers, tourists and travelers to spend their time. Developers started several mega construction projects in residential and commercial sectors to provide more residential and commercial properties to expats and foreign investors. City Government has published a list for areas offering freehold properties in Dubai. This list indicates that major freehold properties are available in areas like Jabel Ali, Palm Island, The world Island, Emirates Hill and Dubai Marina. If you consider specific property developments that offer free hold properties include the following projects.
Arabian Ranches by Emaar Properties
Burj Dubai Downtown Development Project
Al Nakheel Proerties
Golf Towers
Apartment project Dubai Marina
