New 69-Storey Tower on Sheikh Zayed Road Receives “Entire Crown” In Dh650m Deal

Tower on Sheikh Zayed Road Dubai

69-Story “Aire Dubai” Properties Triplex, Duplexes, And Penthouses Are Purchased As Part Of The Deal.

A Dh650 million purchase for a group of units at a new tower complex on Sheikh Zayed Road was completed. Just over a month and a half into 2023 as per the city’s real estate market.  Two duplexes, a triplex, and five full-floor penthouses spread across 11 storeys at the top comprise the “entire crown of the building” in the deal.

Alta Real Estate Development is the company behind the 69-story skyscraper known as Aire Dubai. The transaction takes place as developers shift their focus to building more ultra-premium options. Along Dubai‘s SZR corridor, including along the Canal, Business Bay, and the major highway.

This is reportedly the most expensive real estate transaction in Dubai to date in 2023. A year that also saw a Dh400 million acquisition for a penthouse on the Bulgari Lighthouse at Jumeira Bay.

According to Abdulla Al Tayer, Managing Director at Alta Real Estate Development, “this deal opens up a unique opportunity to purchase one of Dubai’s future great mansions.” “A rare opportunity to personalize one of the city’s newest architectural landmarks.” New high-rise offers “sky villas Dubai” and “sky flats” with 2, 3, and 4 bedrooms (duplexes, triplex, and full-floor penthouses).

Units’ prices are starting at Dh8.2 million, and delivery expectation in Q4 of 2026. Five bedrooms, two maid rooms, two “retreat” rooms, and a full office. Moreover a gym, a sauna, a spa-like en-suite, and a private patio with a 2-meter pool will all be included in the triplex. The outdoor lounge and jacuzzi on the top level of the main terrace have a direct view of the Burj Khalifa. Gregory Mathieu and Karl Shehfe participated in the Dh650 million transaction, which was mediated by Everose Properties.

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