Dubai Freehold Zones and Their Benefits
In the following post we will cover Dubai freehold zones. There are more than 60 zones in Dubai which can be called free economic zones. Our aim is to guide you across them and help you navigate through this ultra-innovative megapolis of the future. We won’t be able to cover them all, so we have picked only the best in order to retain your focus. Why is it important? This topic is inseparable from the matter of purchasing real estate and, since we’re essentially a real estate brokerage company, there’s no chance we leave you unaware of the possibilities that free-hold zones provide for foreigners interested in real estate investment. Let’s go.
What is a freehold zone?
A freehold zone or as it is also called a free economic zone is an area where foreigners, expats, and non-residents are able to buy property with full 100% ownership rights. That means that you could further live, rent, or resell it as well. Did you know that 93% of The UAE’s population consists of foreigners? That is a fact. And most of them live in the country permanently, meaning they are not tourists (or even expats) but locals in this Middle East paradise. So, not being tourists, they need housing. And here’s where the real estate market boom comes in, since the government of the UAE gives a residency permit if you buy property. Now, let’s look at some of the best of them.
Al Barari is a remote paradise, rich with space, serenity, and exclusivity. There are 260 luxury villas built in the community's six landscaped gardens. In addition, 60% of the total area was used for landscape and 40% for luxury villa construction. There are beautiful water features in Al Barari, including a large lake and many rivers. It's home to 500 different plant species from 20 countries on six continents.
In a serene desert landscape, the Arabian Ranches houses 4,000 luxury villas. A mixture of Spanish, Portuguese, and Arab styles, the villa is complemented by large rooms, open floor plans, and external spaces with a backyard or swimming pool. With Arabian Ranches Golf Club and Dubai Polo & Equestrian Club, the exclusive enclave is a perfect place for golf lovers.
Bluewaters Island is located off the coast of Jumeirah Beach and is home to Ain Dubai, the world's largest Ferris wheel. There are 10 buildings of apartments, four penthouses, and 17 townhouses in it. The homes have been built to the highest standards, offering entertainment such as state-of-the-art gymnasiums, swimming pools, gardens with flowering bushes, basketball courts, and playgrounds for children.
Business Bay is a buzzing community, and it's the new center for commerce and trade in Dubai. There are residential buildings in the community that are spacious and offer quality finishes and facilities. A choice of studios, five-bedroom apartments, penthouses, lofts, and duplexes is available to the residents. Business Bay also has a yacht and sailing boat deck.
There are a variety of outstanding tourist sites in Downtown Dubai, such as the Burj Khalifa, The Dubai Mall and the Dubai Opera. The Downtown Dubai is characterized by many housing, leisure options, retail as well as dining establishments which are designed to create an attractive, entertaining, and metropolitan lifestyle. Some of the finest luxury apartments and villas are available in Dubai's central business district, which offers a wide variety of luxurious facilities.
This neighborhood is characterized by its vertical development, making it the ideal area of highrise buildings, offices, and business centers to be enjoyed by those who prefer lively city life. A high demand for real estate and, as a result, a good return on investment of about 6% per year for studios for long-term rentals is generated by a dense tourist flow.
Dubai Creek Harbour
On the banks of the historic Dubai Creek lies the waterfront community of Dubai Creek Harbour. Creekgate, Harbourgate, The Cove and Creek Horizon are some of the housing projects in this community. They'll be home to world-class apartments, incredible cultural offerings, shops, offices, services, state-of-the-art sports facilities, and sprawling gardens. The tower of Dubai Creek Tower, 928 meters tall, will also be located in the community.
Dubai Studio City
It's one of the best places to buy freehold property, with a high return on investment. Apartments are available in midrise and higher-up buildings with a friendly family atmosphere. With good schools, medical facilities, supermarkets, and restaurants, Dubai Studio City is also a pet-friendly community.
The most famous community on the Persian Gulf coast of Dubai is Dubai Marina. One of the symbols of luxury real estate in Dubai is this magnificent and famous area, which includes beautiful skyscrapers, white sandy beaches, many entertainment venues, bars, restaurants, and a man-made marina. There are comfortable studios, luxurious apartments, and penthouses as well as villas in the area available for sale. Just browse our site.
Six districts of more than 1,500 apartments are located in Emaar South. These buildings offer an innovative concept of stacked townhomes and traditional townhouses. As well as a choice of separate apartments and houses that have magnificent views of the eighteen-hole championship golf course located within the community. The Golf Links Villas are also available in Emaar South. There will be an abundance of green space and carved landscapes in the four and five-bedroom Emaar luxury villas.
Freehold areas are by themselves districts. These areas contain the best development projects in Dubai. By buying these properties, you are eligible for a residency permit that gives you almost the same rights as that of a citizen. We at T.H.E. Capital Real Estate can help you find the home of your dreams that will be perfect for any occasion. Contact us for more information and a free consultation on how better to invest in the Dubai real estate market. And follow our blog for more interesting things!