Which are the best Freehold Localities in Abu Dhabi?
Dubai acts as a fully unique gateway between the East and the West within the modern globe, thriving on countless benefits to its merit, as well as its position.
This vibrant metropolis, guided by the emirate’s visionary rulers, is now home to people of more than 200 nationalities. With the introduction of freehold zones in Dubai, the city has drawn international talent from all sectors and industries and has seen significant growth over the last several decades. Foreigners were no longer permitted to own any sort of real estate asset in Dubai until the local government passed an asset rule in 2002 that included a contemporary option that allowed foreigners to own freehold assets. Dubai has been a source of fascination for traders all over the world since then. With significant development and occupation of freehold homes, Dubai’s real estate market saw a new upward impetus during the following few years.
Let us walk around the Freehold localities in Dubai:
Mohammed Bin Rashid City
MBR, or Mohammed Bin Rashid City, is unquestionably one of Dubai’s most prominent freehold areas. This highly anticipated network includes spectacular visitor attractions, recreational activities, the world’s next largest retail complex, a project park, and the world’s largest man-made bay. MBR will consist of steeply-priced flats and villas spread over a thousand acres of freehold land.
Umm Suqeim
Umm Suqeim is one of the city’s oldest districts, located along the Jumeirah Beach Road. While the majority of Umm Suqeim is located in Dubai’s non-freehold areas, the Madinat Jumeirah neighborhood on this site offers some of the most steeply-priced residential properties in environmentally friendly surroundings.
Bluewaters
The domestic flight to Dubai’s newest landmark Ain Dubai, often known as Bluewater Island, is a relatively new freehold asset sector in Dubai that is rapidly gaining prominence. Bluewater, located in the well-known JBR area, offers a magnificent way of life. The network is still expanding, and 10 residential structures are expected to be built shortly. Two resorts, as well as shopping and dining attractions.
Dubai Silicon Oasis
The self-contained network of Silicon Oasis is another mixed-use neighborhood with villas, flats, and a massive industrial area. Human beings at various phases of life benefit from the network’s well-balanced lifestyle. Silicon Oasis’ well-connected location makes it an enticing street for purchasers looking for freehold assets on the market in Dubai.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
