DLD and Masdar City Partnership Opens Greater Property Ownership Opportunities

The Dubai Land Department (DLD) is pleased to announce its latest partnership with Masdar City. In detail, the two entities have signed a memorandum of cooperation (MoC), this agreement will allow free zone companies and establishments operating within Masdar City to own plots of land and properties under the city’s freehold ownership system.

To highlight, the agreement changes prior restrictions over enabling ownership of companies chiefly by the UAE citizens or particular legal structures. Furthermore, the initiative supports and facilitates the Economic Agenda D33 as well as the Dubai Real Estate Strategy 2033 aimed at elevating Dubai as a leading global investment destination.

Dubai Expands Freehold Ownership

Following the agreement’s new introductory regulatory blueprint, all companies registered in Masdar City’s free zones can begin to participate in Dubai’s expanding freehold real estate market. The memorandum came into effect with signatures from the CEO of the Real Estate Registration Sector at DLD, Majid Al Marri, and the CEO of Masdar City, Ahmed Baghoum.

The signing of the memorandum occurred during an official ceremony in Dubai with the presence of senior officials from both entities. Al Marri states that the partnership reflects the DLD’s ongoing efforts to broaden access to Dubai’s freehold real estate market through integrated models that reinforce the real estate ecosystem across the UAE.

He also confirms that by enabling free zone property ownership in Dubai for companies, the DLD is supporting a more diverse investor base and fostering an open investment environment in line with the D33 Economic Agenda. Lastly, he shed light on how every initiative aligns with Dubai’s ambition to become the world’s best city to live and work, making it the top option for international investors.

Implications for Free Zone Companies

The memorandum allows property ownership for free zone companies in Masdar City the new right to buy freehold properties in Dubai. These companies can also avail several strategic advantages such as operational flexibility. For instance, companies have the possibility to spend money on offices, logistics centers, or housing, without having to change the legal form.

In addition, they also enjoy better streamlined processes with improvements such as the DLD’s upcoming web-based verification and approval system. Superior market access is also at their disposal as Masdar City gradually becomes a stronger business base, accompanied by greater investment promotion for both foreign and domestic investments.

Allowing real estate investments also gives these companies long-term stability, allowing business security via stable real estate operations and steady capital increase. Finally, the memorandum aligns with Dubai’s strategic objectives of D33 and Real Estate Strategy 2033, maintaining a strong policy alignment, expected to bring long-term success.

Framework for Steady Long-Term Success

All in all, the memorandum should have a beneficial effect on the real estate sector. As property ownership increases, Dubai real estate will welcome greater demand and market liquidity in both the residential and commercial realms. With regulations and support working in their favor, businesses are encouraged to boost the promising Dubai property market.

Masdar City is also recognized as a global hub for sustainability-focused businesses, hosting companies in clean energy, smart infrastructure, and innovative technology. Thus, the memorandum offers a boost in leadership for the green future of Dubai, enhancing the ambition of Dubai in sustainability, innovativeness, and easy regulation of businesses.

No doubt, the DLD Masdar City partnership cements a critical step in expanding property ownership rights and boosting real estate innovation. With a capital and business friendly policies; and sustainability-centered approach, Dubai has once again solidified its position as a hub to attract foreign business.

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