Is there zakah on land purchased to preserve wealth?

Question : He says: Honorable Shaykh, I placed my money in several pieces of land for the purpose of preserving the funds in these lands. If I need something, I sell from these lands. Also, I sometimes hesitate to sell these lands, and I do not have the resolve to sell them. Is there zakah on these lands? I ask for an answer.

Answer : Yes, there is no zakah on this land. I mean, if a person buys land or real estate in order to preserve his money, he owes no zakah.