Sheikh Zayed Road stands out due to its unique leasehold community setup. In this arrangement, individual towers are privately owned by developers, contrasting with freehold communities where various landlords acquire units from developers and lease them out. Ownership in this area is restricted to locals and Gulf residents, excluding other nationalities from direct ownership and development rights. Instead, they can only become tenants through leasing agreements.
While Sheikh Zayed Road primarily consists of modern high-rise buildings, there are approximately a dozen older properties that date back more than 15 years, laying the foundation for the area's development. Among these historic structures on the northwest side are Saeed Tower 2, Fairmont Dubai, Shangri-La Hotel, and Al Meraikhi Tower, which began construction in the late 1990s. Remarkably, these older buildings have undergone refurbishments, maintaining their impressive stature.
On the southeast side, you'll find older buildings like Dusit Thani, Maze Tower, and 21st Century Tower, the latter of which held the title of the world's tallest residential building upon its completion in 2001 with its 55 stories. Newer towers, exemplified by Burj Al Salam, feature exceptional finishes and enjoy a prime location.
Living in Sheikh Zayed Road offers convenience, with Downtown and the iconic Burj Khalifa a mere two-minute drive away. Residents benefit from easy access to various services, including banks, boutique furniture shops, automobile showrooms, real estate agencies, pharmacies, and a diverse selection of restaurants and cafés.
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