How Long Can You Own a House in Dubai? A Simple Guide
Dubai has become a popular destination for property investment, but many people wonder: How long can you actually own a house there? Let’s clear things up.
Freehold vs. Leasehold: What’s the Difference?
Dubai offers two main types of property ownership:
- Freehold: This means you own the property outright, including the land it’s built on. There’s no time limit on how long you can own it.
- Leasehold: You own the property for a specific period, usually 99 years. After that, you can renew the lease.
Freehold: Own it Forever
If you buy a freehold property in Dubai, you can pass it on to your heirs. It’s like owning a house in many other countries. This option is available in specific areas of Dubai, so it’s important to check before buying.
Leasehold: A Long-Term Commitment
Leasehold properties are also common in Dubai. While you don’t own the land, you have full ownership of the building and can enjoy it for the entire lease term, which is usually 99 years. This is a long time, and most people consider it a form of long-term ownership.
Dubai’s Property Market: A Quick Update
Dubai’s real estate market has seen significant growth in recent years. With new developments and increased investor interest, both freehold and leasehold properties continue to be attractive options.
Whether you’re looking for a place to call home or a sound investment, Dubai offers something for everyone.
