The Dubai Land Department signed a memorandum of cooperation with Masdar City on Thursday, aiming to enable companies and establishments operating in the free zones under Masdar City to own land plots and properties under the freehold ownership system in Dubai, within a clear and comprehensive regulatory framework.
This step is part of the Dubai Land Department’s efforts to enhance the competitiveness of the emirate’s real estate market and expand the investor base by creating new opportunities for free zone companies, in line with the objectives of the Dubai Real Estate Strategy 2033.
Encouraging ownership and investment
Under this agreement, the Dubai Land Department and Masdar City will collaborate on developing an integrated framework that includes clear eligibility criteria for establishments, along with the legal and administrative procedures required to complete the registration process.
“We continue to expand access to Dubai’s freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE. Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options,” said Majid Al Marri, CEO of the real estate registration sector at Dubai Land Department.
The cooperation will also ensure direct coordination between the Dubai Land Department and the Free Zone Authority to simplify and expedite procedures, enable smooth data exchange and implement an advanced digital system for online applications, request tracking and document verification—enhancing accuracy and transparency.
Additionally, the partnership will provide guidance and support to companies, enabling them to understand the legal and procedural requirements better and ultimately fostering an environment that encourages ownership and investment.
“We consider this a strategic step that adds significant value to the objectives of the Dubai Economic Agenda D33 by diversifying the investor base and stimulating new investment flows that contribute to market growth and sustainability, all in line with our leadership’s vision of making Dubai the best city in the world to live and work,” Al Marri added.
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Dubai enhances market flexibility
The collaboration between the Dubai Land Department and Masdar City aims to support companies’ expansion plans by providing practical solutions that facilitate their entry into Dubai’s real estate market, one of the most dynamic and thriving markets in the region.
It also reflects the Dubai Land Department’s commitment to adopting open policies that enhance market flexibility, support national efforts to attract high-quality investments and contribute to building a more integrated business environment across the UAE.
“This initiative highlights Masdar City’s commitment to supporting businesses with innovative solutions that address their needs. By simplifying property registration processes for companies operating within Masdar City’s Free Zones, we are enabling them to expand their operations seamlessly while contributing to the UAE’s long-term growth,” said Ahmed Baghoum, CEO of Masdar City.
