How high will property prices rise on Sheikh Zayed Road, Jaddaf after freehold shift?

The potential rise in property prices on Sheikh Zayed Road and Jaddaf after a shift to freehold ownership will depend on several factors, including market demand, investor interest, infrastructure development, and broader economic conditions in Dubai. Here's what could contribute to the increase:

Increased Demand: When an area shifts to freehold, non-GCC nationals can legally own properties, which tends to attract international investors. This expanded pool of potential buyers can drive up property demand and, consequently, prices.

Location and Connectivity: Both Sheikh Zayed Road and Jaddaf are prime locations with good connectivity to key business hubs like Downtown Dubai, DIFC, and Dubai International Airport. This makes them attractive for both residential and commercial real estate.

Infrastructure Developments: Continued investment in the surrounding infrastructure, such as improved public transport options, roads, and amenities, would likely increase property values. New developments, such as shopping malls, office spaces, and recreational facilities, could also make the area more appealing to buyers.

Market Sentiment: The overall real estate market in Dubai also plays a role. If the property market experiences growth, a freehold shift in an already sought-after area like Sheikh Zayed Road and Jaddaf could see significant price appreciation.

In terms of exact figures, predicting how much property prices will rise is difficult due to the complex interplay of these factors. However, historically, shifts to freehold status in Dubai have seen property prices rise anywhere from 10% to 30%, depending on the area and market conditions at the time.