Properties for Sale in Al Reem Island
Projects on Al Reem Island
Al Reem Island Overview
Al Reem Island is a mixed-use, fast-developing area in the northeast of Abu Dhabi, about 1,970 ft. from the mainland of the emirate. Nearby are Saadiyat Island and Al Maryah Island.
Most residential buildings are located in close proximity to the sea and beaches, and provide the opportunity for a resort lifestyle close to all the amenities of a major metropolis. Al Reem Island has a well-developed social and entertainment infrastructure, with banks and commercial facilities. It is a lively area with lots of parks and sports areas.
Al Reem Island became one of the first freehold zones in Abu Dhabi. This has attracted a flood of investment in the development of the area. The main developer of the island is Aldar Properties.
The real estate is represented by high-rise complexes with studios and apartments, and townhouses and villas on the coast. Modern architectural style prevails in the development with the exception of the community of villas in the classic Moroccan and Spanish style.
Property Trends and Prices on Al Reem Island
The most popular projects on Al Reem Island include:
- the Shams community with studios and apartments ranging in size from 650 to 3,000 sq. ft.;
- the Marina Square waterfront complex, which includes 13 buildings with 3,440 residences, including studio apartments and penthouses;
- the City of Lights community with apartments and offices.
On Al Reem Island, you can rent a studio for a year for AED 35,000 (USD 9,000). The cost of buying this type of property on the island starts from AED 540,000 (USD 147,000).
Spacious villas with 3 bedrooms can be purchased from AED 2,900,000 (USD 790,000).
*The price is valid for 2024
Why buy property on Al Reem Island
Al Reem Island is an attractive area in the UAE for permanent residence, leisure and long-term investment. Due to its convenient location and well-developed infrastructure, the island is one of the most prestigious residential and tourist spots in Abu Dhabi.
The highest rate of return on Al Reem Island is in the studios at 8.4%. The most popular option is investing in apartments with 1 or 2 bedrooms for a return of 7.2% and 6.7%, respectively.
Returns on villas and townhouses range from 5.1% to 6.7% per annum.
Benefits
Al Reem Island is located in the freehold zone. This opens up new opportunities not only to receive income, but also to facilitate the registration of a visa for the owner and their family.
Another argument in favour of buying real estate here is the wide range of coastal properties. Residences by the sea are in demand among potential tenants. It is important that Al Reem is not just a resort island with entertainment, but a place with a collection of educational institutions, medical centres , stores and supermarkets.
Schools
The island has a Playhouse Nursery. The nursery runs on the UK EYFS (Early Years Comprehensive Development) programme. Another preschool, Hummingbird Nursery, takes on babies from four months old. Mosaic Nursery is located in the central part of the district.
There are two campuses of Repton School with UK educational standards in different parts of the island. There is also another institution – GEMS World Academy, with British and international programmes of study.
Healthcare
The island has many pharmacies within walking distance of the apartment complexes. Preventive and consultative medical care is available to residents at the Burjeel Day Surgery Center. It is located in the centre of the island in the Arc Tower building.
Next to the university is Reem Hospital. The Cleveland Clinic Abu Dhabi on Al Maryah Island is a 10-minute drive away. Burjeel Hospital and NMC Specialty Hospital are also a short drive away.
Transport
Al Reem Island is serviced by cabs and buses following the E100 and E101 routes. They can be used to get around the island or to reach downtown Abu Dhabi as there are bus stops located throughout the area. There is also a cab stand near the Shams Boutik Mall.
Most residents use private transportation. For this purpose, each complex is provided with parking spaces.
The centre of the emirate can be reached in 20 minutes. Abu Dhabi International Airport is a 30-minute drive away and Dubai is a 2-hour drive.
Entertainment
Reem Central Park was opened on the island in 2018. The park is equipped with basketball courts, tennis courts, a soccer field, and a skate park. There is also a food court area.
Shams Boutik Mall features name brand stores and eateries such as Subway cafes, The Kettle Corner, and La Brioche.
Reem Mall became a large-scale entertainment project. It has a designed snow park with ice slides, high-speed slides, a skating rink and other attractions. The theme park has an event hall and The Lodge restaurant.
Saadiyat public beach is a 20-minute drive from the island. Sun loungers and yoga classes are available here.
Buying property with Metropolitan Capital Real Estate LLC
Metropolitan Capital Real Estate LLC is one of the leading real estate companies in Abu Dhabi. Highly-qualified agents will help you find a property for purchase or lease. Our staff can be trusted to manage the property and receive income from investments remotely. The agency will prepare a package of documents to conduct and register transactions. Clients are advised and provided with legal assistance.
Metropolitan Premium Properties
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[email protected]
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+971 54 321 9259
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Office 1913, Al Manara Tower,
Business Bay, Dubai, UAE
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