Dubai’s landmark AA Tower on Sheikh Zayed Road is now transitioning to freehold status, marking a key shift in the city’s property landscape.
The tower, owned by Ahmed Mostafa Ahli Investment Group, offers both residential and commercial spaces. Its entry into the freehold market is expected to significantly contribute to the evolution of Dubai’s real estate sector.
Current property listings reveal that one-bedroom apartments in the tower are priced between AED 3.4 million and AED 4.5 million.
Earlier this year, Dubai authorities allowed private developers with projects on Sheikh Zayed Road and in Al Jaddaf to convert their properties into freehold assets accessible to all nationalities. This move has opened doors for ownership in both existing and new developments such as Burj Azizi and Trump Tower.
Marwan Bin Ghalita, Director-General of the Dubai Land Department, stated that allowing private owners in these prime areas to offer freehold options would significantly stimulate real estate growth in the city.
The AA Tower, one of the early high-rises along Sheikh Zayed Road, was originally constructed with a vision to support the area’s expansion and its rising commercial potential.
The tower consists of 60 storeys, comprising 369 residential units — including 195 one-bedroom apartments — along with 26 office units, five retail spaces, and 447 parking slots.
