Go Back   Property Forum > Property Investment > Middle East property > Dubai property

Dubai property Buying or bought a property in Dubai, the city of the future? Foreign investors are allowed to own real estate in Dubai, but prudence and research are required when it comes to land titles and ownership. Join our community of investors who have purchased property in Dubai and made healthy returns. Get advice on relocation and issues like land titles, freehold ownership, taxation, Dubai mortgages and more. Join the Dubai Forum today.

Freehold vs Leasehold - how long can the buildings last?


Closed Thread
 
Thread Tools
  #1  
Old 12-06-2008, 01:25 PM
Senior Member
 
Join Date: Mar 2008
Posts: 64
Please update your flags here .

Users Flag! Interested in property in uae
Default Freehold vs Leasehold - how long can the buildings last?

Some developers that are selling leasehold property (Schon Properties) made point that practically there isn't much of a difference between leasehold and freehold, because the buildings in Dubai climate will not last 100 yrs anyway.

I'm not sure how well are they selling on those premises, but it is an interesting point.

How long will the buildings last in this climate?
  #2  
Old 12-06-2008, 07:25 PM
Active Member
 
Join Date: Jan 2008
Posts: 8
Please update your flags here .

Users Flag! Interested in property in uae
Default

kk1974

I was alarmed at blogs I'd read about building longevity, so posted similar myself.
It might help you to focus your ideas.
Go to PAGE 11 (06/05/2008)
"Limited Lifespan of Tower Blocks."

I think your 100 years is far too generous!
  #3  
Old 13-06-2008, 12:59 AM
Senior Member
 
Join Date: Jan 2008
Location: Dubai
Posts: 800
Please update your flags here .

Users Flag! Interested in property in uae
Default

Quote:
Originally Posted by kk1974 View Post
Some developers that are selling leasehold property (Schon Properties) made point that practically there isn't much of a difference between leasehold and freehold, because the buildings in Dubai climate will not last 100 yrs anyway.

I'm not sure how well are they selling on those premises, but it is an interesting point.

How long will the buildings last in this climate?
There is more of a physcological aspect to this. People generally shun the idea of leasehold as there are chances that the lease will not be renewed and they would have to give it back.

A little bit of sentimental value goes into property and generally breaks hearts when time comes to give back what you paid for from your sweat and toil.

Freehold is something which is yours forever ( so they say ). You have the right to that portion of the building. Tomorrow if they would like to demolish the building, you would be eligible for compensation - OR - the developer would have to relocate you to a suitable residence.

Nobody knows the definition of freehold as of yet with regards to Dubai property. But the books would define freehold as yours forever. The very fact that you own what you buy gives some kind of consolation and security to the investor.

Given a choice, I would always settle for freehold and not leasehold. Till now, I have never looked at leasehold.

Regards

Roshan
  #4  
Old 13-06-2008, 09:32 AM
Active Member
 
Join Date: Feb 2008
Posts: 32
Please update your flags here .

Users Flag! Interested in property in uae
Default

It's a little irrelevant really the difference between freehold and leasehold especially if u are an investor.Chances are most investors will sell within 10/15 years and still make the same profit as freehold.Its just the 'physcological aspect' that makes freehold worthwhile but really its just a minor thing.
  #5  
Old 13-06-2008, 09:45 AM
Senior Member
 
Join Date: Mar 2008
Posts: 64
Please update your flags here .

Users Flag! Interested in property in uae
Default

Jake

I tend to agree with you. It will always be much easier to resell freehold, though practically there isn't much difference, especially in Dubai.
Closed Thread

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
freehold is not freehold mirpuri UAE property 7 04-09-2010 09:35 AM
Self build Earthquake proof ourturkishlove Turkey property 12 26-08-2008 02:44 PM
Abu Dhabi vs Dubai flick0069 UAE property 29 26-07-2008 06:14 PM
Freehold vs. Leasehold Dia Soleado Invest Buying overseas property 3 06-09-2007 12:52 PM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.
FORUM PARTNERS
Property Community is owned and operated by the MoveForward.com Limited group.


All times are GMT +1. The time now is 05:24 PM.



Dubai Property Forum
Dubai Property News
Unanswered Posts
Dubai Property For Sale
Dubai Rental Property
Cheap International Calls
Currency Exchange Tools

Premium Account Benefits
Premium Member Benefits

Sub Forums:

Australia Property ForumAustralia Property
Brazil Property ForumBrazil Property
Bulgaria Property ForumBulgaria Property
Dubai Property ForumCyprus Property
Dubai Property Forum
Dubai Property
French Property ForumFrench Property
German Property ForumGerman Property
Greek Property ForumGreek Property
Morocco Property ForumMorocco Property
Portugal Property ForumPortugal Property
Spanish Property ForumSpanish Property
Turkey Property ForumTurkey Property
UK Property ForumUK Property

Premium SubscriptionList Your Properties With a Premium Membership



Powered by vBulletin®
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO