Can IFZA freezone company own real-estate in Dubai ?

[troubled soul]

Can IFZA freezone company own real-estate in Dubai ?
I try to search online for this. Little confuse over this.

My query
Can IFZA freezone company buy property in Dubai?
First for residential Property
For pesonal use
or
Rent out and earn income.

Is it possible to buy commercial property in IFZA freezone in the name of its company and earn rental income ??

Can anybody help on this ??
Can anybody simplify on this ?
Regarding
Property ownership in the name of Freezone Company

Thanks

 

[Fred]

YES.

They will issue a NOC Letter for this purpose.

Toggle signature

 

[OffshorePhantom]

Hello,
I talked with a consultant and he said that currently, IFZA cannot issue NOC since the DLD does not accept them, is it through? Was someone successful in buying an apt with an IFZA company in Dubai Marina o Downtown?

 

[Fred]

hireblade89 said:
Hello,
I talked with a consultant and he said that currently, IFZA cannot issue NOC since the DLD does not accept them, is it through? Was someone successful in buying an apt with an IFZA company in Dubai Marina o Downtown?
Click to expand...

They can issue a NOC and of course it's accepted by the DLD.

Toggle signature

 

[OffshorePhantom]

Fred said:
They can issue a NOC and of course it's accepted by the DLD.
Click to expand...

an IFZA consultant currently said that the NOC they issue is not accepted by DLD, he asked it two weeks ago. Some IFZA representative can confirm it is accepted and property can be bought with IFZA company?

 

[troubled soul]

@Fred
Can I buy office in Under my Name in Downtown? and
Can I run Business from there under IFZA license ?

Thanks

 

[Fred]

hireblade89 said:
an IFZA consultant currently said that the NOC they issue is not accepted by DLD, he asked it two weeks ago. Some IFZA representative can confirm it is accepted and property can be bought with IFZA company?
Click to expand...

Well then the IFZA consultant doesn't have any clue.

I'm not even sure what you mean with this wording - I guess it's just one of there plenty of reseller who are popping up everyday and calling themselves consultant.

Yes a rep from the authority that has a clue - which is rare - can confirm as well.

We can confirm as well.

Toggle signature

 

[BlueMist]

Does it make any sense though? Isn't it what JAFZA IBC is for (hold assets / properties) in Dubai?