Some Of The Best Freehold Areas In Dubai
Johnathan Parker |
July 10, 2024 |
12:12 pm
Dubai is a multicultural city that always opens its arms and welcomes people from different nationalities, cultures, and races. Investment opportunities, a stable economy, a family-friendly lifestyle, top-notch facilities, different initiatives and policies from the government for the convenience of the residents, iconic developments, high-profile living standards, the most secure and safest environment, and many other things have evolved this desert into an attractive and modern destination that is renowned worldwide for its impressive progress in every field of life.
The increasing population of foreign or expats in the city and their increasing interest in Dubai’s investment encouraged the government of UAE to take the initiative in the creation of a freehold property area in Dubai.
If you are confused about freehold property areas in Dubai and want to have a list of some of the best freehold areas in Dubai. Join us through this blog, as we have created the list of top freehold areas in Dubai and discuss the essential details of these areas.
What Is The Freehold Property Area In Dubai
A freehold property area is defined as a designated area in Dubai where foreigners or expats are allowed to own property. Till the year 2002, ex-pats were not permitted to buy a property in Dubai. With the increasing demand and population of expats, the UAE Government took initiative and introduced freehold property areas in Dubai. After this policy, foreigners can buy property in some designated areas in Dubai and these areas are freehold property areas in Dubai.
List Of Top 5 Best Freehold Areas In Dubai
Here, we have listed freehold property areas in Dubai where foreign investors or homebuyers can own a property.
Business Bay
Business Bay is at the top of our list of best freehold areas in Dubai. It is a mixed-use and spectacular community in Dubai. Due to many business opportunities, it is known as a business hub and a favorite destination amongst investors worldwide. Whether you are a starter or a professional investor, this amazing neighborhood gives you bundles of options to start your business as per your experience, budget, and preferences.
As a top freehold area in Dubai, Business Bay features high-rise buildings with studios and 1,2,3 and 4-bedroom apartments. The community is also famous for 4 to 5-bedroom penthouses. The homebuyers or investors also have the opportunity to buy podium villas in Business Bay.
The average prices for studios or flats available for sale in Business Bay start from AED 1.02M. For those looking for more spacious 1 and 2-bedroom apartments in this community, the asking price is AED 1.6M and 2.6M on average for 1-bedroom and 2-bedroom apartments respectively.
Downtown Dubai
Downtown Dubai; the center heart of the city is the most famous and iconic development in the city. It is home to the top famous and exciting landmarks of the city such as Burj Khalifa; the world’s tallest building, Dubai Mall; the world’s largest shopping mall, Dubai Fountain, and Dubai Opera. Due to these wonders in the community, Downtown Dubai is popular among tourists, and their favorite destination is known as a tourism hub.
Downtown Dubai is a sought-after community that offers a wide range of apartments and a high-profile lifestyle to the residents. It is one of the most prestigious communities to find freehold property in Dubai.
The expected average price to buy a studio or flat in Downtown Dubai is AED 1.38M. The asking price for 1 and 2-bedroom apartments in this prestigious community is AED 2M and 3.6M.
Palm Jumeirah
Palm Jumeirah is globally renowned, the largest artificial island in Dubai. It gives an exceptional and fabulous experience of living with state-of-the-art facilities in the waterfront community which is unique and iconic on its own. It is located along the shoreline of the Arabian Sea.
The palm-shaped community itself is a wonder and attraction for visitors and tourists from across the world. Many people visit this place due to its unique infrastructure and shape and they have a dream to have a gorgeous home in this beautiful neighborhood of the city.
As a luxurious freehold area in Dubai, it has an exclusive collection of hotels, apartments, townhouses, and penthouses. The minimum price of apartments in Palm Jumeirah starts from AED 1,100,000 and of villas is AED 5,100,000. If you want to live in this gorgeous community, you have multiple options to choose from and can enjoy the extravagant experience of a luxurious lifestyle and high-profile facilities.
Dubai Creek Harbour
Dubai Creek Harbour is another popular freehold area in Dubai. It is located on the edge of Dubai Creek. As an emerging mixed-use area, it has many high-rise buildings, hotels, and iconic leisure destinations. Dubai Square Shopping Center, the world’s tallest tower, and the 2.5-mile marina are some of the remarkable entertainment spots in Dubai Creek Harbour for the residents or visitors whether they are local emirates or foreigners.
Ras Al Khor, a natural remarkable reserve in the city is also located near to this community. Dubai Creek Harbour is not only a freehold area but as an under-development area that offers many opportunities for investment in off-plan projects.
Dubai Creek Harbour has 1–4-bedroom apartments, 3–6-bedroom penthouses, and a small number of townhouses are also available for sale. The average sale price for a 1-bedroom apartment in this amazing community is AED 1.64M. If you are looking for 2-bedroom spacious apartments in Dubai Creek Harbour, the asking price for sale is AED 2.6M.
Dubai Marina
Dubai Marina is the most luxurious, advanced, modern waterfront community in Dubai that offers freehold properties to investors or homebuyers. If you want to experience a lavish lifestyle with magnificent waterfront views and vibrant nightlife then Dubai Marina is an ideal community for you.
It offers a wide range of dining options, entertainment venues, and an array of residential towers.
It is among the top communities in Dubai to find the best apartments available for sale and on rent. In more than 200 residential towers, it has bundles of studios, 1-, 2-, 3-, and 4-bedroom apartments and 3 to 5-bedroom penthouses with stunning views of the city. Other than apartments or penthouses, it also has a wide range of podium villas available in 2 to 6 bedrooms featuring spacious living rooms, a well-equipped kitchen, maid’s room, storage space, parking area, and rooftop terrace.
The minimum investment for studios in Dubai Marina is AED 1.13k and for one and two-bedroom apartments, the average sale price in this waterfront community is AED 1.59M and AED 2.65M respectively.
Conclusion
The above-mentioned areas – Business Bay, Downtown Dubai, Palm Jumeirah, Dubai Creek Harbour, and Dubai Marina – are some of the best freehold property areas in Dubai. Foreign investors or expats are permitted to buy property in any of these areas and can enjoy high standards of living. All these areas are the most popular and favorite destinations for buying any type of property.
Whether you want studio flats, apartments, townhouses, penthouses, or villas, these areas have a bundle of options with state-of-the-art facilities and unique features. Just explore these areas and make a well-informed decision about your investment in Dubai.
