Dubai Launches First Freehold Residential & Commercial Project on Sheikh Zayed Road.
Dubai’s iconic Sheikh Zayed Road is now home to a historic real estate development – the launch of AA Tower, the first-ever freehold residential and commercial project in this prime location. This milestone marks a new era in Dubai’s property market, offering investors and homeowners a unique opportunity to own freehold property on one of the city’s most desirable stretches.
What’s in the Project?
AA Tower is a stunning 60-storey high-rise that will feature:
369 residential units (195 one-bedroom, 198 two-bedroom, and 3 three-bedroom apartments)
26 office spaces
5 retail outlets
The project is developed by Ahmed Mostafa Ahli Investment Group and exclusively marketed by Harbor Real Estate.
Why This Launch Matters
This launch follows a major announcement by the Dubai Land Department (DLD) on January 19, allowing freehold ownership of 457 plots along Sheikh Zayed Road and in the Al Jaddaf area. Specifically, this includes:
128 plots from the World Trade Centre Roundabout to the Dubai Water Canal
329 plots in Al Jaddaf
This opens the door for more investors to enter the market in some of Dubai’s most strategically located zones.
Prime Location Perks
Sheikh Zayed Road is a hub for both business and lifestyle, surrounded by landmarks like Burj Khalifa, Dubai Mall, DIFC, and Dubai World Trade Centre. The area also connects Old Dubai to New Dubai, making it incredibly convenient for residents and businesses alike.
Pricing & Payment Plans
Here’s what to expect:
Apartments: Starting from Dh2.932 million to Dh5.4 million (approx. Dh3,544 to Dh4,578 per sqft)
Office spaces: Priced between Dh2.232 million and Dh7 million
Retail outlets: From Dh12.136 million up to Dh25 million
A flexible payment plan is available for residential units, starting with a 28% down payment and 12 quarterly payments of 6% each.
Owners can also merge one- and two-bedroom units to better fit their needs — a thoughtful touch that adds flexibility to modern living.
Conclusion
AA Tower is more than just a building — it’s a bold step into the future of Dubai real estate. With prime location advantages, flexible ownership, and competitive pricing, this project is set to attract serious attention from investors and end-users alike.