Mazaya Business Avenue AA1

Mazaya Business Avenue AA1 is a freehold commercial office tower at 5 Al Worood 3 (First Al Khail) Street, on the perimeter of Jumeirah Lake Towers adjacent to Jumeirah Islands. It was developed by Mazaya Holding, launched in approximately 2007 and completed in approximately 2012, rising 45 floors to a height of approximately 180 metres. AA1 is one of the three near-identical towers that form the Mazaya Business Avenue complex, alongside BB1 and BB2. It is a predominantly commercial building, with office floors above ground-level retail, operating within the DMCC free-zone precinct that governs JLT.

As a dedicated commercial tower, AA1 supports active, competitively priced leasing in line with the JLT free-zone office market, with rates varying by floor, outlook and fit-out level. The availability of broadly equivalent space across the three towers tends to keep pricing keen and gives tenants negotiating choice. Published benchmarks are indicative only at building level; current asking rents and incentives should be confirmed at enquiry, ideally alongside comparison to equivalent floors in BB1 and BB2.

AA1 occupies the JLT and Jumeirah Islands perimeter on Al Worood 3 (First Al Khail) Street, with direct access to Sheikh Zayed Road and Al Khail Road. The nearest Dubai Metro station (DMCC, Red Line) is approximately a six-minute drive, placing the complex toward the drive-to rather than walk-to end of the JLT cluster for public transport. The towers are also served by taxi and bus routes, with JLT podium retail, dining and lake amenities nearby.

AA1 is most relevant to value-led occupiers and yield-focused investors seeking freehold, DMCC-licensed offices in a large, amenity-supported JLT commercial tower. The depth of supply across the complex supports occupancy and resale liquidity but limits rental upside and building-level differentiation. The asset is therefore best held as a value, income-oriented position, with returns driven by occupancy and yield rather than by capital outperformance. Confirming current rents, service charges and the comparative pricing of BB1 and BB2 is advisable before committing.