Freehold Law   Freehold Law The owner of a freehold title of real estate enjoys the most superior form of private property ownership. A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (“in perpetuity”) or until he transfers the title to a new owner, and his heirs are entitled to inherit his title upon his death Dubai is a progressive, modern, open economy that is marked by a liberal, visionary leader in the crown prince, Sheikh Mohammed Bin Rashid Al Maktoum. The Freehold Property law which will be comprehensive legislation has already been drafted and is in the process of being promulgated by the legislator any time soon. A number of developments are already available with many more to follow. The owner of a freehold title of real estate boasts the most superior form of private property ownership. A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (“in perpetuity”) or until he transfers the title to a new owner, and his heirs are entitled to inherit his title upon his death. The new property law will address some of the key issues including legalizing foreign freehold ownership of properties. Various government departments including the Lands Department and Dubai Municipality are following up the projects by approving them due to the strong growth in Dubai 's property market; the emirate has extended the freehold ownership facility to expatriates before issuing the law. At a time when property prices are declining in most parts of the world, Dubai property rates are appreciating at over 20 per annum. Additionally, attractive financing options and the emerging culture of resale now make it possible for many people to invest in property. Dubai can now be confidently regarded as one of the world's most promising investment possibilities. The UAE's political and economic stability, combined with a tax-free environment and the high rate of return on investment has substantially aided the property market, the absence of a federal law will not have any impact on the rights of the expatriate owners of properties. The Freehold Property Law, which is not only been awaited by UAE residents but also by non residents, shall add a star to the elevating economy of Dubai . Residence Visa The purchase of property in Dubai entitles the buyer to obtain a residence permit (visa) for him and his family. This is initially limited to a period of three years, however, but can be extended by paying a fee of approx. 1,350 US Dollars (AED 5,000 per person) for another three years. The visa is also valid for married couples and children. This is good news for the ongoing success of Dubai 's property market because the uncertainty regarding residency visas has been one of the major issues holding back potential expatriates buying a property. It's important to note however, that the visas given are NOT work visas; they give you the right to live in your property in Dubai but do not give you the right to work. If you are working in Dubai then you must hold an employment visa.