Freehold Vs Leasehold Property In Dubai – All You Need To Know

 If you’re planning to invest in real estate Dubai, it’s best to know and understand the different types of properties that you can acquire. Knowing the difference, no matter how simple can help you decide on which type of property is more suitable for your intended purpose.

What types of property can foreigners acquire?

Foreigners and ex-pats may acquire properties in designated areas in Dubai. They may opt to buy a leasehold property or a freehold property Dubai.

Leasehold properties

Buying a property on a leasehold basis will allow you to obtain property rights for a fixed term, a maximum of 99 years. However, if you do not buy the property’s land, the ownership will remain with the freeholder

What are the pros and cons of buying a leasehold property?

Advantages

  • Since ex-pats and foreigners in Dubai are not permitted to own properties on freehold in non-designated areas, buying properties on leasehold provides more options regarding the price and area selection. If you are looking for apartments for sale in Dubai, this may be an option you can explore.
  • As the owner of leasehold properties like, you have limited liability when it comes to property maintenance. It is the landlord’s responsibility to pay for repairs.
  • As mentioned above, the property goes back to the freeholder when the lease is over. If you wish to continue the lease, it can be renewed when the term of the lease expires.


Freehold properties

If you buy a property on a freehold basis, you can enjoy absolute ownership of the property, including the land it is built on. As the owner, you may sell, lease, or occupy the property.

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