Properties for sale in Al Reem Island

Abu Dhabi is the capital of United Arab Emirates, and it has witnessed a drastic change in development in the last two decades. Al Reem Island is counted as one of the poshest and contemporary residential properties in Abu Dhabi. The apartments and villas for sale on Al Reem Island come with scenic views of the waterfront. Al Reem Island was postponed due to a couple of reasons but during the first quarter of 2011, the handing over process began and now it is completely developed, while further residential blocks are still underway. Al Reem Island is a natural island 600m off-coast from Abu Dhabi Island itself.

Types of Properties on Al Reem Island

There are many villas and apartments that are up for sale on Al Reem Island. Apartments on Al Reem Island consist of studios, 1 BHK, 2 BHK, and 3 BHK units. Whereas Villas offer 3-bedrooms or more. The villas come with an outside terrace, storage room, multiple parking spaces, jacuzzi, sauna, and steam room. The area has a nearby daycare center as well. The residential properties in Al Reem Island have specific facilities for disabled people as well. It also has laundry facilities, ATM facilities, and a 24 hours security concierge. The apartments offer a cozy atmosphere with spacious living and dining rooms, and a contemporary style kitchen with built-in cabinets. The villas are more spacious and commodious as compared to apartments. The villas have additional garden space that adds beauty to the residential space.

Sales Price Trend of Property on Al Reem Island

The prices of villas may vary due to location and the number of rooms it has. A 2-bedroom villa on Al Reem Island costs an average of AED  2,695,000. The prices of both villas and apartment depend on the number of rooms and cover area of the property. For Instance, a studio for sale on Al Reem Island ranges from 375,000 to AED 625,000. A 2-bedroom apartment costs from AED 1,300,000 to AED 1,500,000. The apartments and villas on Al Reem Island are available on mortgage as well on 3.24% interest rate while the payment is to be made over the period of 25 years.

Popular Areas of Al Reem Island

Most of the apartments on Al Reem Island are located in Marina Square Al Reem Island and Najmat Al Reem Island Abu Dhabi. When it comes to the villas, then there are more options in Hydra Avenue and Marina Square. There are endless attractions on Al Reem Island. The residents get waterside views from all the residential buildings and villas.  Nearby famous landmarks are Al Maryah Island and Saadiyat Island. Marina Square ranks on top in terms of popular residential towers on Al Reem Island. Falling into the more reasonably priced housing category is Al Reem Island’s fifth most popular tower, Hydra Avenue.

Reasons for Investing in Al Reem Island

It is one of the most popular areas of Abu Dhabi. There are many reasons to invest in properties on Al Reem Island. It can be called as a city within a city. All famous educational institutes are near Al Reem Island’s residential units. Al Aziz Mosque is located in Al Reem Island which has the capacity of accommodating more than 2,500 people. Not only that, but Al Reem Island also has a nearby church, while a Hindu temple is also 40 minutes away from Al Reem Island. The community is almost 30 minutes away from Abu Dhabi International Airport.