Dubai Land Department (DLD) has signed a memorandum of cooperation with Masdar City to enable companies operating in Masdar City’s free zones to own land and properties under Dubai’s freehold system. This initiative is part of DLD’s broader strategy to boost the emirate’s real estate competitiveness and expand its investor base, aligning with the Dubai Real Estate Strategy 2033.
The MoC was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, CEO of Masdar City, during an official ceremony in Dubai attended by senior officials from both organizations.
A spokesperson from Phoenix Realty Real Estate LLC, a leading Dubai-based property advisory firm, said: “This collaboration exemplifies Dubai’s commitment to creating a flexible and open investment environment. It opens new doors for free zone companies to participate actively in Dubai’s thriving property market.”
Majid Al Marri emphasized, “We continue to expand access to Dubai’s freehold market through collaborative models that integrate the UAE’s real estate ecosystem. Enabling free zone companies to own property diversifies the investor base and drives sustainable market growth in line with the Dubai Economic Agenda D33.”
Ahmed Baghoum highlighted the initiative’s business-friendly focus, stating, “By simplifying property registration for companies within Masdar City Free Zones, we enable seamless expansion and reinforce Dubai’s status as a global hub for innovation and investment.”
The memorandum outlines plans for a joint framework with clear eligibility criteria and streamlined legal and administrative procedures. Enhanced coordination between DLD and Free Zone Authorities will ensure fast, transparent processing through advanced digital systems for applications, tracking, and verification.
This partnership also includes guidance and support services to help companies navigate property ownership requirements, fostering a conducive environment for investment and growth.
Ultimately, the cooperation supports companies’ growth ambitions by simplifying entry into Dubai’s real estate market, reflecting DLD’s commitment to open policies that attract high-quality investment and promote an integrated UAE business landscape.
