Leasehold vs Freehold Dubai
Leasehold vs Freehold Dubai in Dubai, it's essential to differentiate between freehold and leasehold ownership. Here's a breakdown of the key differences: Freehold Ownership: Definition: Freehold ownership grants the buyer full and indefinite ownership of both the property and the land it occupies. 1 This provides the owner with complete control over the property. 2 Key Features: Indefinite ownership. 3 Full control over the property (ability to modify, sell, or rent). 4 Potential for long-term capital appreciation. 5 May be linked to visa eligibility. 6 Leasehold Ownership: Definition: Leasehold ownership grants the buyer the right to occupy and use the property for a specified period, typically up to 99 years. The land remains owned by the freeholder. Key Features: Ownership for a fixed term. 7 Generally lower initial purchase costs. Limited control over property modifications. 8 The property reverts to the freeholder at the end of t...