Properties for Sale in Sheikh Zayed Road

The Sheikh Zayed Road is the main road artery in the emirate of Dubai, and is also the longest, with a length of 55 kilometers. The highway did not have an official name until 1990, as back then people called it the “Dubai – Abu Dhabi Road”. After reconstruction in the 1990’s, the road was significantly widened, and roundabouts were replaced with road exits and junctions. The highway was then named after the first President of the UAE, Sheikh Zayed bin Sultan Al Nahyan.

As a part of the largest highway in the region, the E11 Sheikh Zayed Road starts from the Abu Dhabi border, runs along the coastline through the city, and ends at Sheikh Rashid Road.

Sheikh Zayed Road currently has twelve road lanes, making it the most important transport artery for the entire emirate, and also one of the busiest roads in the city. Being one of the busiest highways means there can be large amounts of traffic during rush hour. It may also be quite difficult to find a parking space along the lay-bys on the SZR Road, especially during weekends and peak times. However, there are parking facilities in residential buildings, office buildings and malls, as well as paid street parking.

The business center of Dubai has been formed both along the Sheikh Zayed Road and around it. There are numerous offices and banks, as well as the World Trade Center, Dubai Media City, Dubai Internet City and the Dubai International Financial Center. The famous shopping centers of Ibn Battuta Mall and Mall of the Emirates, are also located along the road.

Some of Dubai’s most famous sightseeing landmarks are located along the Sheikh Zayed Road:

• Jumeirah Emirates Towers Hotel is one of the famous Emirates Towers complexes in the UAE. The five-star hotel consists of 56 floors and 400 rooms, including luxury suites.
• Emirates Office Tower is a 354-meter office building connected to the Jumeirah Emirates Towers. Despite the fact that the Emirates Office Tower is two floors less than the Jumeirah Emirates Towers Hotel, it is still 90 meters higher.
• Millennium Tower, completed in 2006, is a 60-storey residential skyscraper that houses two and three-bedroom apartments. The tower is 285 meters high and the complex includes a 10-storey car park.
• Rose Tower is a 72-storey hotel in Dubai. Its construction lasted two years and was completed in 2006, but the official opening didn’t take place until December 2009. Until 2012, the hotel was considered the tallest in the world with a height of 333 meters. The Rose Tower was one of the first hotels in the emirate to allow the sale of alcohol.
• The Burj Khalifa is the tallest building in the world, with a height of 828 meters. It is made in the form of a stalagmite and is famous for the world’s tallest spire (180 meters). The landmark houses a hotel, apartments and offices, and is attached to the world’s current largest shopping mall. The Burj Khalifa carries a communication function being equipped with telecommunication technology.

The Sheikh Zayed Road is one of the most famous highways in the UAE, and is locally known as the E11, connecting the two largest cities in the UAE; Dubai and Abu Dhabi. A lot of the main sightseeing attractions of the emirate are located right here, and with the area constantly evolving, we think there will be many more new attractions in the future. Some of the main business headquarters, shopping malls and other major projects are located here as well. This is a very attractive place for investment, as its real estate will always be in demand because of the good connectivity.

The SZR provides easy access to pretty much anywhere in Dubai. Residential properties in the area are popular with tenants, but only a few new projects offer freehold ownership. There is a wide selection of different apartments, from studios to four-bedroom apartments and penthouses, however, there are no villas or townhouses located along the Sheikh Zayed Road.

The average price for a one-bedroom apartment along the SZR is USD 240,000. The annual rental price for this type of property in this area is USD 19,000 which is an average ROI of 7.9%.