Apartments for sale in Al Reem, Abu Dhabi, the UAE
Al Reem Island is an ideal choice to buy a property in Abu Dhabi. This is one of the fastest growing and prestigious areas of the emirate.
The district is home to several prestigious schools, the Sorbonne University, numerous retail outlets, five-star hotels, and other facilities. In addition, the island can boast excellent transport accessibility. It connects to the mainland of Abu Dhabi and other islands of the emirate via several major highways. This allows residents to enjoy an active life and a comfortable holiday at sea.
The island has several residential neighborhoods with complexes of apartment buildings, where flats for every taste and budget are available — from small studios to luxury penthouses.
In the medium-height residential complexes The Bridges and Reflection, you can buy studios and flats for sale in Al Reem with the number of bedrooms from one to three. Next to Marina Boulevard, there is a new multifunctional complex The Wave with a six-story office block and a 23-story residential tower. The Kite Residences residential complex offers premium and spacious flats with two, three or four bedrooms, as well as a luxury penthouse.
Al Reem infrastructure
The owners of apartments in Al Reem can use various amenities in residential complexes, including swimming pools, fitness centers, conference rooms, a lobby with a 24-hour concierge desk and a relaxation area, landscaped gardens, etc.
The district also has numerous infrastructure facilities:
- a promenade;
- a yacht marina;
- multiple parks;
- a multifunctional sports hall;
- a beauty salon;
- multiple football fields;
- Carrefour supermarkets, grocery stores, and retail outlets with essential goods;
- a large shopping center Reem Mall;
- restaurants and cafes;
- the Sorbonne University in Abu Dhabi;
- GEMS World Academy private school (schools under this brand conduct training in various educational programs and are among the most prestigious educational institutions in the UAE);
- Repton School;
- kindergartens Hummingbird, Playhouse, Mosaic, and others;
- a round-the-clock hospital and pharmacies;
- Al Aziz Mosque for 2,500 people.
An important advantage of the island community is convenient urban bus transport and taxi services.
Apartment prices in Al Reem
The cost of apartments in Al Reem directly depends on the type of residential complex, location on the island, total living space, and other features.
Today, in the residential complex The Bridges, you can buy a studio for AED 500,000 ($136,000; ¥933,000). The price of flats with a total area of 64 m2 with one bedroom in the residential complex Shams Meera starts from AED 695,000 ($189,000; ¥1.3 million). In the Wave residential complex, the price of a flat with an area of 76 m2 with one bedroom is from AED 750,000 ($204,000; ¥1.4 million).
Prices in the district may vary, as today the UAE real estate market is experiencing a gradual increase in demand for all categories of housing among foreign investors. On our website, you can always see the current prices in euros and dollars for different categories of real estate on the island.
Investment apartments in Al Reem
Today, Abu Dhabi is one of the most popular places for those who are looking for ways to reliably invest in residential real estate. The UAE's soft tax policy, the opportunity to obtain a resident visa for buying an apartment in Al Reem, good conditions for conducting a rental business — all this makes the UAE one of the best places to invest. In addition, since 2019, foreign citizens can buy apartments in Al Reem for investment and permanent residence in full private ownership, which also gives a serious impetus to the active development of the real estate market of this resort area.
The population is expected to grow from 20,000 to 210,000 in the near future. At the same time, local property is in high demand among both investors and expats.
Renting a one-bedroom flat in the district can bring the owner about 8.7% per annum. This is a very high rate of profitability for the reliable UAE real estate market. For comparison, in more remote areas of the emirate from the coast, the payback of apartments is about 4% per year. Currently, the average annual cost of renting a studio in the island community starts from AED 49,000 ($13,300; ¥91,000). Thus, today is the perfect time to invest in a flat in the district.
Buy apartments in Al Reem
Almost all apartments in new buildings in Abu Dhabi can boast of high-quality interior decoration and the most modern materials. To buy an apartment in Al Reem means to have an elite property. The flats have spacious balconies. The residential complex and its residents will have access to many premium amenities. Here, you can find both housing with a fine finish, and residences with furniture, built-in kitchen, and household appliances.
To find the best option to buy a flat in Al Reem, you can check out the current offers from individuals, real estate agents, and developers in Abu Dhabi on our website. Thanks to the convenient search by price, location, number of rooms, and other criteria, you can choose flats for future purchase today.