Al Reem Bay
About Al Reem Bay
(sq. ft.)
Al Reem Bay is an apartment complex on Al Reem Island. The project was commissioned in December 2020 by developer Mismak Properties. It consists of two 29-storey buildings and a common 3-storey podium.
Properties in Al Reem Bay are represented by 445 residences in the form of 1, 2 and 3-bedroom apartments. The total area varies from from 800 to 2,400 sq. ft.
A special feature of the project is the diamond-shaped windows in the central part of the facade. All apartments have panoramic windows that offer beautiful views of the Arabian Gulf and the surrounding area of the island.
The residences include built-in closets, a living room painted in light colours, a large balcony, a modern closed kitchen, spacious bedrooms with adjoining bathrooms, a staff room with a separate bathroom, a dining room and a guest bathroom.
In the complex, Al Reem Bay residents have access to amenities, such as:
- covered parking;
- 24-hour security;
- high-speed elevators;
- sauna;
- Jacuzzi;
- swimming pool;
- separate men’s and women’s prayer rooms;
- fitness room;
- shaded playground for children;
- tennis court;
- health club;
- landscaped gardens;
- bike paths.
Al Reem Bay Prices
1-bedroom apartments at Al Reem Bay will start from AED 850,000 (USD 232,000) in Q1 2023. This type of property can be rented for AED 50,000 (USD 14,000) per year.
*The price is valid for 2021
Property Information
- Location Al Reem Island, Abu Dhabi, UAE
- Status of Project Completed
- Type of Project Residential Tower
- Units 1-3BR Apartments
- Area from 800 sq. ft.
- Total Amout of Units 445
Why Invest in Al Reem Bay
Investors interested in buying property in Al Reem Bay can expect a high level of passive income when renting out apartments. The return on investment in this project is 6.62% for 1-bedroom apartments.
Al Reem Bay is located on Al Reem Island. The island is considered one of the first freehold zones in Abu Dhabi. This status allows you to invest in real estate here as locals and foreigners.
The area keeps growing and developing, meaning that the demand for real estate will grow, too.
In close proximity to Al Reem Bay is the island’s social and entertainment infrastructure: hospitals, shopping centres, schools, a university, and so on .
Supermarkets
The nearest supermarket is Carrefour Market, a 5-minute walk from the complex. Prime Mart, Armaan Mini Market and Bite Supermarket are a 10-minute walk from Al Reem Bay.
A 10-15 minute drive will get you to:
- Abu Dhabi Mall, which features over 200 popular brand stores, entertainment venues, cinemas, restaurants and cafes;
- Shams Boutik Mall;
- Galleria Mall.
Education and Healthcare
Medical facilities such as Motion Cycling Abu Dhabi Wellness Center and Reem Hospital are within a 10-minute drive of Al Reem Bay apartment complex.
The nearest educational institutions can be reached in 10-15 minutes. The most popular institutions are:
- Mosaic Nursery and Sesame Street Private Nursery;
- Nord Anglia School and Repton School Abu Dhabi:
- Sorbonne University Abu Dhabi.
Location
Al Reem Island is connected to the mainland of Abu Dhabi by two bridges. Al Reem Bay has good transport accessibility with the nearest bus stop, Al Ghazak St/Al Qud St, being a 5-minute walk from the complex.
At a distance of 15-20 minutes drive are:
- Reem Central Park;
- Abu Dhabi National Theater;
- Abdul Al Khaliq Khouri Mosque and Hazza Bin Zayed Mosque;
- Leopold’s of London, Nando’s and Wing Zone restaurants.
Abu Dhabi International Airport can be reached in about 30 minutes.
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