The main difference between freehold and leasehold ownership lies in the level of control and duration of ownership. In a freehold property, the buyer owns both the building and the land it stands on, granting them full ownership rights indefinitely. This allows the owner to sell, lease, or modify the property without restrictions, subject to local regulations.
In contrast, leasehold ownership means the buyer only owns the property for a specified period, typically ranging from 30 to 99 years, after which ownership reverts to the landowner. Leasehold properties often come with conditions, such as maintenance obligations or restrictions on modifications, set by the landowner.
Al Marjan Island
