Dubai has always been a preferred destination for global investors, entrepreneurs, and business owners. Known for its modern infrastructure, investor-friendly policies, and thriving real estate sector, the emirate constantly introduces reforms that attract foreign businesses. One of the latest updates making headlines is that free zone companies can own a property in Dubai, a move that opens up exciting opportunities for investors operating from free zones.
What Are Free Zone Companies in Dubai?
Free zones are designated areas in Dubai that offer businesses 100% foreign ownership, tax benefits, and simplified company setup procedures. They are designed to attract international investors and make doing business easier. Popular free zones include Dubai Multi Commodities Centre (DMCC), Jebel Ali Free Zone (JAFZA), Dubai Internet City, and Dubai South.
Until recently, free zone companies faced restrictions when it came to purchasing property in Dubai. However, new regulations have changed the game.
Can Free Zone Companies Own Property in Dubai?
Yes, under the latest guidelines, free zone companies can own a property in Dubai. This ownership, however, is generally limited to designated freehold areas such as Downtown Dubai, Business Bay, Dubai Marina, Palm Jumeirah, and other approved zones.
This move brings free zone businesses at par with mainland companies, enabling them to enjoy the benefits of property ownership.
Benefits of Property Ownership for Free Zone Companies
Asset Growth: Free zone companies can now invest in Dubai’s thriving real estate market.
Business Expansion: Property ownership provides greater stability and credibility to businesses.
Flexibility: Companies can use the property for offices, warehouses, or even as an investment.
Long-Term Value: Dubai’s property market continues to show resilience and high ROI potential.
Key Considerations Before Buying Property
While free zone companies can own a property in Dubai, they must ensure compliance with:
Dubai Land Department (DLD) regulations
Ownership being limited to approved freehold zones
Proper documentation and approvals from concerned authorities
Conclusion
The new regulation allowing free zone companies can own a property in Dubai is a major milestone that strengthens the emirate’s position as a global business hub. This policy not only boosts investor confidence but also enhances Dubai’s appeal as a destination where business and lifestyle go hand in hand.