The launch follows recent policy changes allowing freehold ownership on one of Dubai’s busiest and most prominent corridors
AA TOWER Launches Sales on Sheikh Zayed Road as First Fully Freehold Mixed-Use Development
Ahmed Mostafa Ahli Investment Group has officially launched sales for AA TOWER, a groundbreaking 60-storey mixed-use skyscraper on Sheikh Zayed Road, introducing the first ever fully freehold residential and commercial properties along this iconic Dubai corridor.
This milestone comes in light of recent regulatory reforms allowing full freehold ownership along Sheikh Zayed Road, opening up property investment opportunities to buyers of all nationalities.
Launch Event at V Hotel, Al Habtoor City
The unveiling of AA TOWER is set to take place during an exclusive launch event scheduled for Tuesday, May 27, hosted at the V Hotel in Al Habtoor City. The event is being held in collaboration with Harbor Real Estate, the appointed exclusive sales agency, and is expected to draw real estate professionals and investors from across the region.
New Freehold Opportunity on Sheikh Zayed Road
As the first-ever mixed-use project on Sheikh Zayed Road to offer complete freehold ownership, AA TOWER stands as a bold development aligned with the Dubai government’s recent initiative. This new legal provision allows private owners on Sheikh Zayed Road to convert properties into freehold assets, granting ownership rights to international investors and UAE residents alike.
“AA TOWER is a game-changer for Dubai’s property landscape,” said Dr. Mohanad Alwadiya, CEO of Harbor Real Estate. “Its prime location and freehold status open the door for exceptional investment opportunities while strengthening Dubai’s global position as a real estate hub.”
Project Details: Design, Layout, and Units
Situated on a 10,000-square-foot plot, AA TOWER rises to 60 storeys and features a total of 369 residential units:
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195 one-bedroom apartments
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198 two-bedroom apartments
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3 three-bedroom apartments
The building also offers:
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26 office units
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5 retail outlets
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447 parking spaces
Each floor from 1 to 51 includes eight residential apartments. The 52nd and 53rd floors house larger two-bedroom units, ranging from 1,700 to 2,100 square feet. Buyers also have the option to combine one-bedroom and two-bedroom units into custom layouts.
Prime Views and Location Perks
Located directly on Sheikh Zayed Road, residents of AA TOWER will enjoy panoramic views of:
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Burj Khalifa
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Downtown Dubai
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Jumeirah Beach
This location places the tower within immediate reach of major destinations including:
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City Walk
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DIFC
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Museum of the Future
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Dubai World Trade Centre
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Mohammed Bin Rashid Boulevard
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The Dubai Mall
The development offers easy access to public transport, major highways, and Dubai Metro, with proximity to top-tier restaurants, cafes, international schools, and hospitals.
Amenities and Interiors
AA TOWER includes a comprehensive range of lifestyle facilities:
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Swimming pool
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Gymnasium
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Indoor cinema
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Multi-purpose event hall
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Prayer room
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BBQ area
Apartments are designed with both open and closed kitchen options and feature premium material finishes from globally recognized brands.
Flexible Post-Handover Payment Plans
To facilitate investment, AA TOWER offers flexible post-handover plans:
🔹 Residential Units:
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28% Down Payment
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4% DLD Registration Fee
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AED 3,000 Admin Fee
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12 Quarterly Installments of 6%
🔹 Commercial Units:
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40% Down Payment
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4% DLD Registration Fee
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5% VAT
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AED 3,000 Admin Fee
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12 Quarterly Installments of 5%
Pricing Breakdown
🏢 Residential Units
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Starting from AED 2.932 million to AED 5.4 million
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Approx. AED 3,544 to AED 4,578 per sq. ft.
🖇️ Office Units
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From AED 2.232 million to AED 7 million
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Approx. AED 5,205 to AED 5,375 per sq. ft.
🛍️ Retail Spaces
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Starting at AED 12.136 million, up to AED 25 million
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Approx. AED 7,829 per sq. ft.
Conclusion
The launch of AA TOWER signals a transformative shift in Dubai’s property ownership structure, especially for Sheikh Zayed Road. With the Dubai government’s endorsement of freehold property rights, international investors now have exclusive access to own and trade on one of the city’s most sought-after avenues.
For those seeking strategic investments, premium real estate, and iconic views in a freehold format, AA TOWER is a project to watch—and act on.
