Formerly known as ‘The Pearl’, ‘Abu Shuoom’, and ‘Emirates Pearl Island’, Al Reem Island is a modern and upscale waterfront community boasting high-end residential and commercial developments making it a well-reputed place to settle in. Located 600 metres off the coast of Abu Dhabi, Al Reem Island was the first district in the emirate to designate a freehold area, so it carries a special prestige among global investors. The significant properties of these are apartment buildings, with apartments for sale in Al Reem Island promising its residents stunning panoramic views of the ocean, high-end living standards and all the modern amenities. These apartments are equally popular among young professionals, couples, and small families. This means that no matter what size or configuration, apartments in Al Reem Island are very easy to rent out and utilise as a constant source of income - that is, if you do not plan to settle there yourself! To make this easy, Zoom Property has more than 1500 listings for apartments selling in Al Reem Island with accurate descriptions and images to help a buyer make an informed decision.
Living in an apartment in Al Reem Island means enjoying the tempting lifestyle of waterfront living. Apart from upscale living, this community welcomes everyone by offering the facilities one may need to settle permanently. For example, if you are a parent, there are well-reputed schooling facilities for your children, like Mosaic Nursery. In the health sector, there are top-notch hospitals like Cleveland Clinic Abu Dhabi at Al Maryah Island - a short distance away from your flat in Al Reem Island. Then there is Waitrose, a world-renowned supermarket, to help with your daily chores. For entertainment and dining options, there are several high-end restaurants like Soulful, Nandos, Cafe Macondo, etc. In addition to all these facilities, Al Reem Island is well-connected with mainstream Abu Dhabi via bridges, making it convenient for the residents to commute easily.
For the above reasons, Al Reem Island is among the favourite spots for families and professionals looking for an upscale waterfront lifestyle. This high demand is also an intriguing factor for foreign investors to invest in Abu Dhabi’s real estate. It’s important to note here that Abu Dhabi is the most financially stable emirate of seven.
Quick Tip: If you are looking to purchase an apartment on Al Reem Island for yourself, it is advised to take a tour of different apartment buildings, assess the noise level, and gather feedback from the residents of that area.
Out of many state-of-the-art developments, The Bridge and Sun Tower have the most number of apartments for sale in Al Reem island. These flats feature high-quality finishes, modern interiors, and balconies in most cases. Then there is the mixed-use Marina Bay Tower by Damac that dedicates the whole ground floor to retail and necessities of life. Apartments in Reflection, Gate Towers, and Hydra Avenue Towers all have great value, are quick to rent out, and are a major attraction to people looking to settle.
Abu Dhabi is investing heavily to attract more people to the emirate, and Al Reem Island is a popular destination for those seeking well-located and reasonably priced apartments. The prices range lies close to apartments in Saadiyat Island, but in many cases, flats in Al Reem Island cost less. Typically, a studio apartment in Al Reem Island can cost 650,000 AED on average, while the average cost of a 3-bed apartment in Al Reem Island is 2,000,000 AED.
Yes, Al Reem Island has designated freehold areas where apartments for sale are available for foreigners to buy. In fact, Al Reem Island is the first development to designate a freehold area for expats.
The demand for rental apartments in Al Reem Island is high, and vacancies are expected to be filled quickly. As an investor, this is an excellent place to invest your money and utilise the property as a constant source of income.
There are various options for apartments, including studio units, one and two-bedroom flats, and larger three and four-bedroom varieties. Even more, there are some spacious and opulent five-bed penthouses on Al Reem Island as well.