More land avail­able for ex­pats to buy

7 Days in Dubai - - FRONT PAGE - By Nawal Al Ramahi @nawal_ramahi nawal@7days.ae

The Dubai govern­ment has opened up more ar­eas for ex­pats to buy land. HH Sheikh Mo­hammed bin Rashid Al Mak­toum, Vice Pres­i­dent and Prime Min­is­ter of the UAE and Ruler of Dubai, yes­ter­day is­sued a de­cree al­low­ing the pur­chase of land in the Dubai World Cen­tral area. A state­ment is­sued by the Dubai Me­dia Of­fice, stated the “de­ci­sion grants non-UAE na­tion­als the rights to ab­so­lute own­er­ship of lands and prop­er­ties, with­out a spe­cific time frame lo­cated in land plots num­ber (205), (206) and (207) in the Dubai World Cen­tral area (521). “The de­ci­sion also gives own­ers the right to lease lands and prop­er­ties for a pe­riod not ex­ceed­ing 99 years.”

A scheme to al­low ex­pats and for­eign in­vestors to buy land and hous­ing in Dubai is to be ex­panded to in­clude a sprawl­ing area of desert close to the Expo 2020 site.

HH Sheikh Mo­hammed bin Rashid Al Mak­toum, Vice Pres­i­dent and Prime Min­is­ter of the UAE and Ruler of Dubai, an­nounced the move for non-UAE na­tion­als yes­ter­day.

There are three plots in the Dubai World Cen­tral district, now known as Dubai South, lo­cated close to Al Mak­toum In­ter­na­tional Air­port, that will have land avail­able for pur­chase.

Ac­cord­ing to a state­ment is­sued by the Dubai Me­dia Of­fice, the de­ci­sion grants ‘rights to ab­so­lute own­er­ship of lands and prop­er­ties, with­out a spe­cific time frame lo­cated in land plots num­ber (205), (206) and (207) in the Dubai World Cen­tral area (521)’.

A mas­ter­plan for the area in­cludes a se­ries of huge im­pres­sive pavil­ions to host the six-month long ex­pot. Expo 2020 also in­cludes an ex­ten­sion of the Dubai Metro, which An­drew Cleator, Lux­ury Sales Di­rec­tor at real estate firm Lux­habi­tat, said would help to at­tract res­i­dents to the area.

He said: “At the mo­ment, these ar­eas are desert land­scapes. The plan is to trans­form these ar­eas to de­vel­oped plots. The Dubai Metro will be con­nected shortly.”

Nearby desert com­mu­ni­ties are also pop­u­lar for their af­ford­able rents, which Cleator said would help to at­tract in­ter­est.

He said: “I ex­pect the area to res­i­den­tial and prop­erty units will be cheaper than other ar­eas.”

Free­hold ar­eas were es­tab­lished by law in 2006, which gave ex­pats the right to ac­quire real estate rights in cer­tain ar­eas and to have their rights reg­is­tered with the Dubai Land De­part­ment (DLD).

Free­hold means that the prop­erty will be in the name of the owner un­til his or her death. It also means they can sell, lease, or mort­gage it at their dis­cre­tion.

Dubai South is ex­pected to be a hub of de­vel­op­ment in the com­ing years and is set to be­come an ‘avi­a­tion city’.

Ac­cord­ing to cur­rent plans, Al Mak­toum In­ter­na­tional, which has more room to ex­pand than Dubai In­ter­na­tional, will grow from han­dling one mil­lion tonnes of cargo to 16 mil­lion tonnes per year and 220 mil­lion pas­sen­gers even­tu­ally.

TAK­ING OFF: Land at Dubai South will now be avail­able for ex­pats to pur­chase

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