Introduction to AA Tower Landmark Project
An important milestone in Dubai’s real estate landscape was achieved with the introduction of the first living and commercial development in the Sheikh Zayed Road. The AA Tower Landmark project is a 60-story high-rise building that increases on a property of 10,000 m².
Project Details
There will be 369 residential units with 195 one-bedroom, 198-bedroom and 3 apartments with three bedrooms as well as 26 office space and 5 retail stores. The owners also have the option of combining units with a bedroom and two bedrooms for their preferences.
Location and Significance
Sheikh Zayed Road is one of the most sought-after locations for residential and commercial properties in their first-class location and the most important sights in the area such as the Dubai International Financial Center (DIFC), Burj Khalifa, Dubai Mall and the Dubai World Trade Center. It also offers simple connectivity between the old and the new Dubai.
Market Impact
"The market is looking forward to a strong start because this project is set by a new benchmark and Dubai’s global reputation for the provision of exceptional and unmistakable investment opportunities as part of the FreeHold system," said a real estate expert. Harbor Real Estate said that the Ahmed Mostafa Ahli Investment Group introduced the first residential and commercial units in the Sheikh Zayed Road.
Pricing and Payment Plans
The prices for residential buildings in the AA tower are between 2.932 million DH and 5.4 million DH – an average of around 3,544 dH 4,578 dH per square meter. In Mäuhhile, offices between 2.232 million DH and 7 million dH are praised. Retail transactions start at 122.136 million dH and rise to 25 million ie. For residential units, the payment plan begins with a deposit of 28 percent, followed by 12 quarter payments of 6 percent.
Recent Developments
This start follows an announcement by the Dubai Land Department (DLD) on January 19, in which it was stated that 457 plots along the Sheikh Zayed Road and in the Al Jaddaf area are now justified for the owner. In particular, this includes 128 diagrams that extend from the roundabout of the World Trade Center to the water channel, and 329 diagrams in Al Jaddaf.
