A Small Guide for Indian Investors about Freehold Properties in Dubai

Are there any Freehold Zones in Dubai?

Like other cities in the world, Dubai is also divided into freehold and leasehold lands in this city, where the freehold offers a right to non-UAE citizens and this was started from the year 2002. The lands and properties here are governed by the Dubai Land Department and they have done a good job in developing Dubai’s real estate situation which have attracted buyers from all around the world.

What are the Advantages That Attracts Indian Investors

1. Complete Ownership For Foreigners: Freehold ownership of properties are available for the Indian investors with full rights for their bought property in freehold locations in Dubai. This allows for some changes to the property and also gives an opportunity for investment.
2. Better Chances of Price Increase: After some big decisions for real estate it boosted the market towards more growth every year and we saw that the property market was able to stand the negative effect of the Covid. This popularised the city where some big property events were held.
3. Good Rental Income: The demand property market in Dubai provides a better opportunity for the Indian investors who want a continuous monthly income for their investment and here a property owner can get high rental yields.
4. Tax Benefits: It is well-known that Dubai has a low or no tax system, which provides a favourable environment for investors or buyers from countries like India. Here, the purchasing of properties has a good chance of quick returns in a secured market.
5. Advantages Of Visa: The freehold ownership can give the benefits of residency visas to the owner. If the bought property is more than AED 2 million, then buyers will be able to get a 10-year golden visa with some exclusive offers, and if a person invests in a property costing AED 750k, then that person will get a 2-year visa.

Lets see some locations in Dubai which has freehold properties built by popular developers and have seen a huge price increase:

• Dubai Marina: It is a waterfront community which has a number of luxurious properties providing a vibrant lifestyle and has a high chance of good percentage of returns or ROI.
• Palm Jumeirah: It is a very popular man-made island which is home to several celebrities and rich people in the world. This shows how costly the price and rents of the properties can be here.
• Downtown Dubai: It is a hub of the tallest buildings of the world like the Burj Khalifa. Here, the inventors can choose from a huge collection of properties in high-rise buildings with open views of the city. 
• Dubai Hills Estate: A prime community in Dubai having tranquil environment with urban facilities. It is a beautiful location to live with friends and  family who want to live a lavish lifestyle with better investments.
• Damac Lagoons: This location has housing properties with attractive pricing and easy payment plans which is very profitable for the investors. The ROI here is around 7 percent and more every year.

Stepping into the market of real estate in Dubai should be done with good planning and professional advice. Here are some points to look at:

1. Good Preparations: An investor should set objectives and a budget before buying. Websites like Dubai Housing can help a lot to choose from according to the budget.
2. Learn About The Market: A person should study about the market and know more about the builders and about the projects that they are working on. It is good to go through brokers to book properties before they are sold out.
3. Location and Amenities: Try to buy properties that have world-class amenities and are located near major roads of Dubai for smooth travelling. 
4. Professional Advice: It is not easy to get a dream property in Dubai because of the huge demand and continuous changes in the price. So, it is better to seek advice from professionals like Dubai Housing who can help to start a real estate journey in Dubai.

Conclusion

The freehold properties in Dubai can give a lot of opportunities to grab good deals that can give better returns. Dubai is a very popular city in the world, and its property market is growing very quickly in the year 2024. People from India are investing in freehold properties to get high returns and rental yields. Tourism is also growing a lot here, and because of this, more people are visiting Dubai.