Difference between Dubai Freehold and leasehold properties

Difference between Dubai Freehold and Leasehold properties Freehold and Leasehold Dubai was the first Emirates of the UAE 🇦🇪 to get involved in freehold real estate at a time when UAE and GCC nationals were only permitted to own property in the United Arab Emirates I will share little history of Freehold Real Estate in Dubai In 2001 the Govt of Dubai agree to allow expats to have a 99 years lease of particular Dubai’s property, but in May 2002, the Crown Prince of Dubai, Sheikh Mohammed Bin Rashid Al Makhtoum issued a decree allowing foreigners to buy property on freehold ownership After Sheikh Mohammed Bin Rashid Al Makhtoum decree this sparkled the real estate boom in Dubai’s residential property Freehold. The purchase of freehold basics means that the property is put in the owner’s name for life and the owner has the right to sell, lease or rent his her property at their own discretion So freehold means permanent ownership and leaseh