First Freehold Project Debuts on Sheikh Zayed Road with 60 story Tower Seven Luxury Real Estate Seven Luxury Real Estate

First Freehold Project Debuts on Sheikh Zayed Road with 60-Story Tower

  • May 27, 2025 - 2 min read

Dubai has officially introduced its first-ever freehold residential and commercial development along the iconic Sheikh Zayed Road. This significant move marks a new era for property investment in one of the city’s most prestigious corridors.

Set to rise on a 10,000-square-foot site, the AA Tower will feature 60 floors of mixed-use space. The development will comprise 369 residential units, broken down into 195 one-bedroom apartments, 198 two-bedroom apartments, and three spacious three-bedroom units. The tower will also include 26 office spaces and 5 retail outlets, offering a comprehensive urban living and working environment.

Freehold Privileges Extended by Dubai Land Department

On January 19, the Dubai Land Department expanded private ownership rights in key parts of the city, including the stretch of Sheikh Zayed Road from the World Trade Centre Roundabout to the Water Canal and the Al Jaddaf area. A total of 457 plots have been designated for freehold status, 128 located along Sheikh Zayed Road and 329 in Al Jaddaf, enabling greater investment flexibility and ownership security.

Strategic Launch with Promising Market Response

This high-profile project is expected to generate strong investor interest, positioning itself as a benchmark for future developments in the area. The launch is aligned with Dubai’s commitment to offering premium investment opportunities and maintaining its global reputation for real estate innovation.

Prime Location with Landmark Connectivity

The AA Tower is developed by Ahmed Mostafa Ahli Investment Group and is strategically positioned on Sheikh Zayed Road, an area renowned for its accessibility and proximity to major destinations including the DIFC, Burj Khalifa, Dubai Mall, and Dubai World Trade Centre. The location ensures seamless connectivity between historical and modern Dubai.

Customizable Living Options

Buyers will have the flexibility to tailor their living spaces, with the option to combine one-bedroom and two-bedroom units to better meet individual lifestyle needs.

Pricing and Payment Structure

Residential unit prices in AA Tower start at AED 2.932 million and go up to AED 5.4 million, with rates averaging between AED 3,544 and AED 4,578 per square foot. Office units are priced between AED 2.232 million and AED 7 million. Retail spaces are available from AED 12.136 million to AED 25 million.

The payment plan for residential units requires an initial 28% down payment, followed by 12 quarterly installments of 6% each, offering a structured and accessible investment path.


Source: https://www.khaleejtimes.com/business/property/dubai-first-freehold-project-launched-sheikh-zayed-road

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