New land plots added to freehold area in Dubai for expats

New land plots added to freehold area in Dubai for expats
Non-UAE nationals granted rights to absolute ownership
By Wam Emirates 24/7 News
Published Monday, June 20, 2016

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, has issued Resolution No (8) of 2016, adding new land plots to the freehold area in Dubai World Central available for non-UAE nationals in Dubai.

The decision grants non-UAE nationals the rights to absolute ownership, without a specific time frame, of lands and properties located in land plots number (205), (206) and (207) in the Dubai World Central area (521).

The borders and area mentioned in the decision are clearly marked in the maps annexed to the decision. It also gives owners the right to benefit from and lease lands and properties in these plots for a period not exceeding 99 years.

The decision aims to support Dubai Aviation City’s objectives to cater to the continuous growth of the aviation sector in Dubai, and to further cement its position as an international hub for aviation and logistics services.

Furthermore, it seeks to promote Dubai as a destination of choice for event organisers in aviation-related sectors. The decision also aims to attract further investments to the City, and provide an investment-friendly environment.

All the actions taken by Dubai Aviation City in the above mentioned land plots prior to the issuance of this Decision are valid. The decision is effective from the date of issuance and shall be published in the Official Gazette.

Posted on June 21, 2016 in Dubai news, Property, Real Estate

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