Property for sale in Al Reem, Abu Dhabi, the UAE
Abu Dhabi is quickly turning into a hub of commercial and real estate activity in the region. One of the most attractive places on the emirate’s real estate market is Al Reem Island where the most promising property in Abu Dhabi is for sale.
Al Reem is a natural island 600 meters off the northeastern coast of Abu Dhabi. Real estate in Al Reem for foreigners is available and comes in a wide variety of options, from completed to off-plan.
Picturesque seafront buildings, luxurious villas, penthouses, apartments equipped with cutting-edge appliances, a modern lifestyle, and breathtaking views of the Marina Bay and the Persian Gulf attract businessmen and investors from all countries. Al Reem Island was one of the first residential communities in Abu Dhabi to grant the right of real estate leasehold for expats. The district’s population is extremely diverse, from recent graduates and young professionals in different disciplines to families with children and elderly parents.
Al Reem Island is currently one of the most rapidly development communities in Abu Dhabi. Foreigners have recently been allowed to have full ownership of their purchased homes here. With its numerous residential properties and retail facilities, the island has quickly become one of the most sought-after locations in the emirate. Residents of properties in Al Reem, Abu Dhabi have access to restaurants, supermarkets, schools, mosques, churches, and numerous other amenities within walking distance. The island has two chain supermarkets (Geant and Carrefour), Al Aziz Mosque, and St. Joseph’s Cathedral.
Real estate for sale in Al Reem is diverse. Villas come with three to five bedrooms. You can buy an apartment in Abu Dhabi that will have from one to five bedrooms. There are also two to five-bedroom townhouses and three to five-bedroom penthouses.
The style of the island’s development is inspired by the classical Moroccan and Spanish architecture. If you buy real estate in Al Reem, you can enjoy luxurious amenities regardless of the chosen property type.
Property prices in Al Reem
The rent of new apartments in Abu Dhabi varies depending on the number of rooms:
- The annual rent of a one-bedroom apartment on Al Reem Island is from AED 45,000 (USD 12,200, or CNY 82,400) to AED 130,000 (USD 35,300, or CNY 238,100)
- If you are looking for a more spacious property, you can rent a two-bedroom apartment for AED 60,000 (USD 16,300, or CNY 109,900) – AED 199,000 (USD 54,100, or CNY 364,600) per year
- The rent of a three-bedroom apartment is about AED 92,000 (USD 25,040, or CNY 168,500) – AED 215,000 (USD 58,500, or CNY 393,900) per year
- цены на аренду апартаментов с четырьмя спальнями варьируются от 180 тыс. AED (49,05 тыс. $, 329,8 тыс. ¥) до 270 тыс. AED (73,5 тыс. $, 494,7 тыс. ¥) в год;
- 4-bedroom apartments are leased for AED 180,000 (USD 49,050, or CNY 329,800) – AED 270,000 (USD 73,500, or CNY 494,700) per year
- A five-bedroom apartment will cost approximately AED 250,000 (USD 58,060, or CNY 458,000) per year
- You can rent a penthouse on Al Reem Island for AED 148,000 (USD 40,200, or CNY 271,100) – AED 300,000 (USD 81,600, or CNY 549,600) per year
The rent of three to five-bedroom villas ranges from AED 200,000 (USD 54,400, or CNY 366,400) to AED 360,000 (USD 98,000, or CNY 659,600) per year.
The rent of two to four-bedroom townhouses ranges from AED 82,000 (USD 22,300, or CNY 150,200) to AED 190,000 (USD 51,700, or CNY 348,100) per year.
Properties for sale in Al Reem are relatively inexpensive. Here are the current prices of apartments depending on the number of bedrooms:
- Studios on the island cost on average AED 581,000 (USD 158,100, or CNY 1.06 million) on average
- The average value of a one-bedroom apartment is AED 856,000 (USD 233,000, or CNY 1.5 million)
- A two-bedroom apartment costs on average AED 1.3 million (USD 353,900, or CNY 2.3 million)
- The average prices of more spacious 3-bedroom and 4-bedroom apartments are AED 1.9 million (USD 517,200, or CNY 3.48 million) and AED 3.4 million (USD 925,600, or CNY 6.2 million) respectively
Townhouses for sale on Al Reem Island have from two to four bedrooms. The selling prices range from AED 1.7 million (USD 462,200, or CNY 3.1 million) to AED 5.5 million (USD 1.4 million, or CNY 10.07 million).
Investment property in Al Reem
The average return on investment in Al Reem studios is 8.7%. One and two-bedroom apartments generate 7.2% and 6.6% respectively, according to some data. The return on investment in three to five-bedroom apartments is 6.4%, 5.2%, and 5.6% respectively.
Two-bedroom villas and townhouses yield a passive income of 5%. Three and four-bedroom properties bring their owners about 6.1% per annum.
If you would like to buy a property for investment in Al Reem, please contact the team of the Abu Dhabi website. They will tell you everything about safe real estate investment in Al Reem that will generate high returns.
Buy property in Al Reem
Discover the incredible diversity of upscale properties on Al Reem Island on the Abu Dhabi website! Our catalog features verified listings of real estate from developers and agencies in the UAE and current prices in euros and dollars. Our team is always happy to help you with a safe real estate purchase and sale transaction, provide after-sales services, and find tenants for your buy-to-rent property.