In a major boost to Dubai’s real estate sector, the Dubai Land Department (DLD) has signed a memorandum of cooperation with Masdar City to allow companies and establishments operating within Masdar City’s free zones to own land plots and properties under the emirate’s freehold ownership system. This initiative supports the objectives of the Dubai Real Estate Strategy 2033 and further enhances the emirate’s appeal as a leading global investment destination.
Expanding Access to Freehold Ownership
The agreement introduces a regulatory framework that allows companies registered in Masdar City’s free zones to participate in Dubai’s expanding freehold real estate market. The memorandum was signed during an official ceremony in Dubai by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, CEO of Masdar City, in the presence of senior officials from both entities.
“This partnership reflects our ongoing efforts to broaden access to Dubai’s freehold market through integrated models that reinforce the real estate ecosystem across the UAE,” said Al Marri. “By enabling free zone companies to own property, we are supporting a more diverse investor base and fostering an open investment environment in line with the D33 Economic Agenda.”
Al Marri further emphasized that the initiative aligns with Dubai’s ambition to become the world’s best city to live and work, strengthening the emirate’s position as a preferred destination for international investors.
Seamless Ownership for Free Zone Companies
Ahmed Baghoum noted that the agreement underscores Masdar City’s commitment to supporting businesses through progressive and practical solutions. “By simplifying property registration processes for companies operating within Masdar City’s Free Zones, we’re helping them scale operations smoothly while contributing to the UAE’s long-term economic development,” Baghoum said.
He added that the collaboration demonstrates a shared commitment with DLD to cultivate a business-friendly environment and solidifies Masdar City’s reputation as a hub for innovation and sustainable investment.
Framework for Growth and Digital Enablement
Under the agreement, both parties will jointly establish eligibility criteria and define legal and administrative procedures required for property registration. The cooperation will facilitate better coordination between the DLD and Free Zone Authority to streamline processes and reduce procedural bottlenecks.
The partnership also includes the integration of a digital system to handle online applications, track requests, and verify documents—enhancing transparency and operational efficiency. Additionally, companies will receive guidance and support to navigate the legal landscape, helping them meet ownership requirements confidently.
This collaboration marks a significant step toward enabling the expansion of companies within the emirate’s property market and reflects DLD’s continued efforts to introduce policies that enhance market flexibility and attract international investments.
