Dubai’s realty market is undergoing a significant surge following the latest changes to freehold property rules, markedly in key areas like Sheikh Zayed Road and Al Jaddaf. The Dubai Land Department’s decision to expand freehold ownership rights has prompted a wave of interest from domestic and international investors; experts predict property values in these areas could rise by 30-50% in the coming months.
The move is a bold step to attract long-term investment and drive redevelopment in prime locations. The changes will have the following impact —
- push up real estate prices
- speed up the launch of new developments
- offer lucrative options for realty investors looking for high ROIs via rental income or capital appreciation
The announcement has also sparked a dynamic shift in the property market. Considering the demand surge amongst young professionals as well as middle-class buyers, developers are now offering mixed-use projects with holistic living experiences.
As property prices continue to rise, the freehold rule changes are poised to drive sustained growth and innovation in Dubai’s real estate landscape.