Dubai: After Sheikh Zayed Road, freehold conversion has now begun in the Al Jaddaf area of Dubai.
This provides new freehold options for those interested in buying property in Dubai, especially those looking to buy a home for their own use. A real estate agent said that Al Jaddaf could become a great potential area as properties are available at lower prices than apartments on Sheikh Zayed Road, Downtown Dubai and Business Bay.
“People are also interested in Dubai Maritime City as properties are available at better prices,” he added.
Freehold conversion approved in Dubai
In early 2025, Dubai had approved the conversion of buildings and plots of land owned by private investors on Sheikh Zayed Road and Al Jaddaf to freehold. 329 plots of land in Al Jaddaf will be subject to this conversion. Industry sources said that the move will provide new investors with an opportunity to buy properties at lower prices. Prices in these locations are expected to increase in the next three to four years.
New Freehold Developments in Al Jaddaf
This week, Aziz Developments launched a new project, ‘Azizi David’, in a location previously reserved for GCC investors. It is now a freehold development. “The renowned Al Jaddaf area of Dubai continues to attract local and foreign investors,” said Aziz Group CEO Farhad Aziz. This is the second project that Aziz Group is close to completing.
Harbour Real Estate recently announced that it is advising JAD Global Real Estate Development on the launch of its first freehold project in Al Jaddaf.
“In line with the government’s vision, we are preparing a new project that aims to open up this area to all nationalities and make it a hub for development,” said Harbour CEO Dr. Mohd Al Wadia.
Excellent connectivity via metro
Al Jaddaf and Creek stations are easily accessible via the Dubai Metro. “Al Jaddaf’s proximity to Downtown, Healthcare City and the upcoming Etihad Rail Hub adds to its appeal,” said Kathuria.
Industry sources say that as people who have been living in the UAE for the past 3-5 years have become more interested in staying here, the number of property buyers is also increasing.
In July this year, new incentives were announced for first-time home buyers in Dubai. As part of this, developers joining this scheme will have to offer a certain number of units at a reduced price. The scheme will create new sales opportunities in Al Jaddaf or other locations in Dubai and maintain demand for properties in Dubai.
With input from Gulf News
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