Deciding to invest in real estate is a big deal, especially in Dubai. One important thing to consider is whether to go for leasehold or freehold properties.
In this guide, we’ll talk about the unique benefits of freehold properties in Dubai. We’ll use information from two different sources to give you a complete picture in simple terms. Let’s dive in!
The 10 unique benefits of freehold properties in Dubai
1. Complete Ownership
In Dubai, owning a freehold property means you have full control. Whether it’s a home or a business space, you are the boss, and you have special rights over your place.
Unlike rented properties, owning freehold includes the land for villas or buildings, giving you top-notch ownership rights.
2. Total Control
As the owner, freehold properties let you have full control. You can change, renovate, or adjust your place without others telling you what to do.
Your rights as a property owner also let you decide who comes into your space, giving you a unique level of freedom and power.
3. Easy Inheritance
Freehold properties make passing on ownership easy. You can give it to your kids or chosen heirs without a hassle, unlike leased properties, which can be tricky to transfer.
Making a will for your freehold property ensures your stuff goes where you want it to, to multiple heirs or beneficiaries.
4. No Limits on Choices
Freehold ownership frees you from rules set by developers or other agreements. You get to decide how long you own it, what rights you have, and even the land ownership. These things can protect you from possible issues with developers.
Not having to deal with third-party leases after buying adds more freedom to owning freehold properties.
Read also: UAE Real Estate Market in 2024: A Deep Look
5. Visa Perks for Staying Longer
Having a freehold property in Dubai means you can extend your stay with a residential visa, which is crucial for those planning to stay longer.
Long-term residents might even have a shot at getting permanent citizenship, making owning a freehold property in Dubai a smart move.
6. No Taxes to Worry About
Dubai’s well-known for not having many taxes. Owning a freehold property means you save a lot on property taxes compared to other places in the world.
This tax-free setup lets you use your saved money for other good investments.
7. Property Value Keeps Going Up
Investing in freehold properties in Dubai pays off. The value of your property can go up by 10-12% each year, and Dubai’s continuous growth lowers the risk of your property losing value.
The steady growth in Dubai makes freehold properties a safe and rewarding investment.
8. Mixing Up Your Investments
Freehold properties in Dubai let global investors mix up their investments. Dubai’s real estate market is stable and growing, making it a good choice for those looking to diversify their investments.
Dubai’s strategic location attracts people from all over, making the property market dynamic and interesting.
9. Top-Notch Living
Dubai is all about luxury and innovation, especially in infrastructure. Freehold property owners get to be part of a city with top-notch healthcare, schools, shopping, and fun places.
This not only makes life better for residents but also makes freehold properties in Dubai more desirable.
10. Global Connections and Business Hub
Dubai’s a big deal in the business world, and owning freehold properties is even better because of it. The city’s great location makes it easy to connect with the world, making it a perfect spot for professionals and business-minded folks.
Owning freehold property in Dubai comes with the perks of a business-friendly city, a strong economy, and global connections – things that really boost your property’s value over time.
Owning a freehold property in Dubai offers more than just having a place. With total control, inheritance perks, visa advantages, and a tax-free setup, investing in these properties is a smart and profitable move. As Dubai keeps growing, these properties become not just assets but symbols of wise financial choices and security.
If you’re thinking of investing in freehold property then reach out to Masar Al Ameen Group. They have an easy-to-use tool that helps you understand the costs, letting you make smart decisions about your property journey. Make owning a property in Dubai a breeze with Masar Al Ameen Group – turning your Dubai property dreams into reality!
FAQs About Freehold Properties in Dubai
1. How does ownership of freehold properties differ from leased ones?
Answer: Owning a house in Dubai is like being the boss of your own space. You get full control over your place and even the land it’s on – it’s way better than renting!
2. Can non-residents benefit from owning freehold properties?
Answer: Yup! Even if you don’t live in Dubai, you can own a super cool house. You get a special visa for a longer stay, and the best part? No taxes on your awesome Dubai house!
3. What role does a freehold property play in obtaining a residential visa?
Answer: Having a house in Dubai is like having a golden ticket. It helps you stay there for a long time with a special visa. And guess what? It’s perfect if you want to live in Dubai forever and become a citizen!