Dubai allows SZR, Al Jaddaf property owners to convert to freehold

File Photo

Dubai Land Department (DLD) announced on Sunday that private property owners of all nationalities in the Sheikh Zayed Road area (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their ownership status to freehold.

A total of 457 plots are eligible: 128 along Sheikh Zayed Road and 329 plots in Al Jaddaf.

The initiative is set to benefit landowners in these areas by enhancing the market value of their properties, particularly for those opting to convert their land to freehold ownership. It is also expected to increase the economic appeal of these locations, paving the way for real estate developments tailored to freehold investors, and attracting a new wave of investment to Sheikh Zayed Road and Al Jaddaf.

Eng. Marwan Ahmed bin Ghalita, Director General of DLD, said that enabling private property owners in the designated areas in Sheikh Zayed Road area and Al Jaddaf to convert their properties to freehold ownership will drive significant growth in Dubai’s real estate sector.

The move also reinforces Dubai’s position as a global economic hub and a leading destination for real estate investment, in line with Dubai’s Real Estate Strategy 2033.

More from Business

  • H.H. Sheikh Maktoum reviews Dubai Economic Security Centre’s strategy

    His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has reviewed the Dubai Economic Security Centre's Strategy 2025-2030.

  • SEWA implements water networks projects in Kalba

    As part of Sharjah Electricity, Water and Gas Authority's (SEWA) efforts to improve and develop water transmission and distribution networks in all regions of the Emirate of Sharjah, the Authority announced on Sunday it is implementing a number of projects in Kalba city at a cost of up to AED107.4 million.

  • UAE ranks among top 35 countries with largest global maritime fleets

    The UAE has ranked among the top 35 countries globally with the largest shipping fleets by tonnage and capacity, according to the 2024 report by the United Nations Conference on Trade and Development (UNCTAD).

  • TikTok goes dark for US users

    TikTok stopped working in the United States late on Saturday and disappeared from Apple and Google app stores ahead of a law that takes effect on Sunday requiring the shutdown of the platform used by 170 million Americans.

  • Bolt celebrates 1 million trips in Dubai

    Bolt, the e-hailing platform, has reached a major milestone, completing 1 million trips in Dubai since its launch in December 2024.