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Leasehold means to acquire the so-called “lease hold rights” renewable for a period, for example, from 30 to 99 years.
When a property is purchased under a lease hold, the contract is a real asset and the owner of the land (rather than the leasehold owner) remains legally obligated to maintain the common areas.
Areas subject to leasehold in Dubai are limited to DIFC, Business Bay, Deira, and many more.
Freehold or leasehold property (the manufacturer or in some cases the law cd. STRATA law), allows the formation of an association of owners leasehold or freehold, with the task of administering, developing and maintaining the standard of quality and safety of property.