Al Reem Island
About Al Reem Island
Located just a stone's throw from the coast of Abu Dhabi, Al Reem Island is an exquisite waterfront enclave spanning 6.5 million square metres. With its avant-garde architecture, breathtaking panoramic views and state-of-the-art amenities, this opulent oasis offers a utopia for living, commerce and leisure. Al Reem Island's fashionable lifestyle, strategic location and solid investment prospects attract a colourful mix of expatriates and locals.
The property market in Al Reem Island
The island's property landscape is characterised by an eclectic mix of towering residential buildings, commercial buildings and hybrid developments. The luxury flats, penthouses and townhouses are suitable for a range of lifestyles, from singles to couples and families. The modern infrastructure attracts both tenants and investors who are drawn to quality properties in prestigious locations.
Property prices in Al Reem Island
The property price gap on Al Reem Island
The island paradise offers a wealth of property options in various price ranges, attracting a variety of buyers and tenants.
Rents for one-bedroom flats range from AED 50,000 to AED 80,000 per year, while two-bedroom flats cost between AED 75,000 and AED 120,000 per year.
Prospective buyers can purchase one-bedroom flats for AED 700,000 to AED 1.2 million, while two-bedroom flats cost between AED 1.1 million and AED 1.8 million.
Infrastructure in Al Reem Island
Located just 600 metres off the north-east coast of Abu Dhabi, Al Reem Island offers seamless access to the city's vibrant business centre and main attractions. A network of bridges connects the island to the mainland and facilitates access by car. The island is approximately 30 minutes from Abu Dhabi International Airport and is close to famous attractions such as Abu Dhabi Mall, the Corniche and the Louvre Abu Dhabi.
Leisure and entertainment
The island's enchanting waterfront location offers a cornucopia of leisure and entertainment options. Residents can enjoy pristine beaches, green parks and picturesque waterfront promenades or take advantage of the island's state-of-the-art sports facilities, including gyms, water sports centres and tennis courts. The soon-to-be-built Reem Mall promises to be a veritable shopping mall with over 450 shops, dining outlets and entertainment options such as a snow park and a cinema complex.
Facilities and health care
Al Reem Island offers a wide range of facilities to meet the needs of residents. Numerous retail outlets, eateries, educational institutions, childcare facilities and fitness centres characterise the area. The first-class medical services of the Burjeel Day Surgery Centre, complemented by various clinics, ensure that residents have access to excellent healthcare.
Public transport and parking facilities
Taxis are the main form of public transport on Al Reem Island, while the city's bus system is to be expanded in the future. Residents have ample parking spaces in the numerous residential complexes and visitors can use the many public car parks.
Economic attractiveness of Al Reem Island
The prime location, state-of-the-art infrastructure and lavish lifestyle offerings make Al Reem Island a tantalising prospect for tenants and investors alike. The area's solid rental yields and capital growth potential have attracted the attention of local and international investors in search of lucrative ventures. As Abu Dhabi's economy continues to thrive and diversify, Al Reem Island will remain a vibrant hub for commerce and residents, cementing its position as the leading waterfront city in the UAE.
In summary, Al Reem Island is the epitome of a thriving, dynamic harbour district in Abu Dhabi, offering residents and investors an unrivalled lifestyle. Its sophisticated infrastructure, diverse property offerings and world-class amenities appeal to a broad spectrum of residents. Al Reem Island's strategic location, combined with its solid investment potential, ensures that it will continue to be a sought-after destination for those looking to live, work and invest in Abu Dhabi's thriving landscape.
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