Free Zone Companies in Dubai Gain Property Ownership Rights

Dubai's real estate market is opening further with a new agreement between the Dubai Land Department (DLD) and Masdar City. This collaboration allows companies operating within Masdar City's free zones to own land and property under Dubai's freehold system, expanding investor access and aligning with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33. These initiatives aim to diversify investment and foster sustainable market growth.

Previously, free zone companies faced restrictions on direct property ownership in Dubai. The new agreement enables eligible companies licensed in Masdar City's free zones to purchase property in designated freehold areas, subject to specific criteria and a clear legal framework. The partnership, formalized at an official ceremony, will streamline the registration process.

The DLD and Masdar City will implement a system featuring direct coordination, faster registration procedures, a digital platform for applications, and legal support. This aims to create a more transparent and efficient process for companies entering the Dubai real estate market. This initiative is expected to benefit tech, green, and innovation-driven businesses in Masdar City looking to expand.

This move enhances the real estate ecosystem and simplifies property registration, supporting businesses scaling operations in the UAE. The framework is being developed for phased rollout, potentially setting a precedent for similar arrangements with other UAE free zones, making Dubai's property market more accessible to global businesses.