Hydra Avenue

Hydra Avenue is a complex built by the developer Hydra Properties. It is located in a lively community on Al Reem Island called City of Lights.

The project consists of six towers of varying height – from 24 to 29 floors. The buildings are united by a 5-level podium where there are stores and restaurants and an underground parking lot for 2,500 cars.

The complex is surrounded by parks with jogging paths and athletic fields. There is a private beach and marina within walking distance.

Hydra Avenue is quite futuristic-looking by design: the smooth lines of the facades are combined with panoramic glazing and in the evening, the complex is illuminated with architectural lighting.

In total, there are about 2,000 furnished residences. The towers have studios ranging in size from 424 to 815 sq. ft., and 1- to 3-bedroom apartments ranging in size from 944 to 1782 sq. ft.

The starting price of studios in Hydra Avenue in the first quarter of 2023 is AED 420,000 (USD 115,000). This is the cost of furnished residences, fully ready for occupancy. Rents start at AED 34,000 (USD 9,000) per year.

Investing in a new modern project in the popular Al Reem Island area is considered a profitable investment. Payback is guaranteed thanks to the interest in the project: living in a complex equipped with amenities for recreation and entertainment attracts a stream of tenants. The average rate of return is 7.2%.

Hydra Avenue’s location in the coastal community of City of Lights further increases the project’s popularity. Residents here have access to shopping, social, and entertainment infrastructure within walking distance. The complex is built on the Arabian Gulf coast with panoramic views of Al Reem Island.