- Reasons to invest in Al Reem Island
- Best areas to buy apartments in Al Reem Island
- Townhouses in Al Reem Island
Al Reem Island is a dream residential area for those who want to enjoy stunning waterfront views while staying in swanky high-rise buildings boasting some of the most high-end amenities and recreational facilities in the UAE capital. The waterfront community has everything one could ask for including luxurious amenities, ultramodern facilities and beautifully designed properties. It is among the top residential islands in Abu Dhabi. Hence, if you are interested in townhouses or flats for sale in Al Reem Island, you have come to the right place.
WHY INVEST IN AL REEM ISLAND
Located around 600 metres off the north-eastern coast of Abu Dhabi, Al Reem Island was just a small island with a handful of residential options a few years ago. However, with the addition of Gate Towers, an ambitious project by Aldar Properties, Al Reem Island has become one of the most stunning architectural marvels of the city with numerous commercial, retail and residential projects.
The well-developed road network in the region allows you to reach Abu Dhabi’s city centre in about 20 minutes. There are several educational facilities including nurseries, which is always important for families. As for leisure activities in Al Reem, there are quite a few options including great restaurants, shopping centres and amazing parks. All in all, one could say that the fortunes of Al Reem Island have turned around dramatically in a short time.
In the recent past, buyers and investors have steadily turned their attention towards properties on the island. Apartments and even townhouses for sale in Al Reem are an excellent investment opportunity and have everything you’d want in a home for your family.
If you are looking to buy property on Al Reem Island, we have put together the top areas to consider in the district. We will start with the top 5 areas for investing in Al Reem Island apartments, one of the fastest developing neighbourhoods in Abu Dhabi.
BEST AREAS TO BUY FLATS IN Al REEM ISLAND
Al Reem Island is divided into different distinct districts, where each district offers something different. Considering that all the properties here are newly built, you will have a host of great options if you are looking to buy flats in Al Reem Island. From comfy little studios to large 4-bedroom apartments, you can find it all here. So if you are looking for a property in the UAE, Al Reem Island is worth considering.
Al Reem Island is certainly more popular for buying apartments in Abu Dhabi, as the skyscrapers here offer the perfect vantage points for the sparkling views of the waters. It has become one of the best residential areas for families with apartments.
There are a few villas in the Shams Abu Dhabi and City Of Lights communities in Al Reem Island, but most people looking for ready properties tend to veer towards the flats in the region. It is one of the most well-planned neighbourhoods in the capital. It is also a prime location for property investments in Abu Dhabi, thanks to the fact that it is a developing area with a sizeable lineup of promising projects.
Here’s the list of the top five areas to buy flats in Al Reem Island.
SHAMS ABU DHABI
Sham Abu Dhabi is the most popular area to buy flats in Al Reem Island. Located adjacent to Yas Island and Saadiyat Island, the district is well-known for its mixed purpose properties, built with great attention to detail. Some of the popular towers in the development include the Beach Tower, Amaya Tower, Mangrove Place, and Oceanscape. The Shams BOUTIK Mall serves the shopping needs of the community’s residents. The community also comes with parks, gyms and children’s play areas making it one of the most popular areas for investments in the region.
Sham Abu Dhabi is especially ideal for families because of reputable educational institutes, healthcare centres, restaurants and supermarkets within easy reach.
The average sales price of a studio apartment in Sham Abu Dhabi is AED 532k and the expected return on investment is 8.1%. Similarly, a 1-bedroom apartment for sale in Shams Abu Dhabi is available for AED 824k and has an ROI of 7%. These sales prices increase to AED 1.1M and AED 1.7M for 2 and 3-bedroom apartments for sale in Shams Abu Dhabi, respectively with an expected ROI of 6.6% and 6.5%.
MARINA SQUARE
Next up we have Marina Square, a mixed-use development with several residential, commercial and retail properties. The popularity of this community is not surprising since Marina Square has over 3,400 residential units ranging from studios, 1-4 bedroom apartments and even a few luxury villas which offer great views of the Marina.
Featuring landscaped gardens, swimming pools, daycare centres, medical facilities, playgrounds and a mosque, Marina Square has so much to offer. Its location is ideal too, ensuring a quick commute to Abu Dhabi.
To buy a cosy studio in Marina Square, you will have to pay AED 594k, on average. The ROI offered by such units is 8%. The ROI for a 1-bedroom flat for sale in Marina Square is 7.4% and the average sales price is AED 854k. For 2-bedroom apartments for sale in Marina Square, the average asking price would be around AED 1.3M and the ROI sits comfortably at 6.9%. The average sales price goes up to AED 2.1M and AED 3.8M for a 3 and 4-bedroom flat for sale in Marina Square, respectively with expected rental yields of 6.5% and 5.5%.
CITY OF LIGHTS
This area is as fancy as its name suggests. Views of the waterfront, a sprawling park and luxurious properties – what more can one ask for? The City of Lights has multiple iconic building such as Sigma Omega Towers, Boardwalk Residences and Addax Towers.
For singles and small families, looking to buy a studio flat in the City of Lights the average cost is around AED 493k with a high expected ROI of 9.2%. The average sales price of a 1-bedroom apartment goes up to AED 793k with an average ROI of 7.8%. The larger 2 and 3-bedroom apartments in the City of Lights are available for AED 1.1M and AED 1.6M, respectively. Their ROI averages at 7.3% and 6.3%.
SHAMS GATE DISTRICT
Shams Gate District is the fourth most popular area to buy flats in Al Reem Island. The landmark development is home to the iconic Gate Towers, the design of which is said to be inspired by the Stonehenge. It is located in the Al Reem Island investment zone, just adjacent to the Central Business District. The impressive The Shams Gate District residential area in a part of the larger Shams Abu Dhabi project and mainly refers to the Gate Towers and other skyscrapers including the Sun Towers, Sky Towers and the Arc tower that house some of the most sought-after flats in the capital.
The Gate Towers is an award-winning mixed-use development with several leisure and dining options along with residential properties. Since these buildings are one of the most popular high-rises in the region, they have developed a cult following of their own. Those residing in the area spent a fair bit of time at the Shams Park and Shams BOUTIK Mall.
To buy a studio in Shams Gate District, you will have to invest AED 794k and the average ROI is 7.7%. For the 1 and 2-bedroom flats for sale in the area, the average asking price is AED 904k and AED 1.4M, respectively. The ROI offered by these flats is 7.5% and 6.9%. For a larger 3-bedroom apartment, the sales price goes up to AED 2.1M and ROI is 6.2%.
NAJMAT ABU DHABI
Najmat Abu Dhabi is the fifth and final entry our list of the top areas to buy flats in Al Reem Island. A studio in Najmat Abu Dhabi would cost you around AED 438k. It’s a great opportunity for investment given that the ROI is 11.4%. A 1-bedroom apartment for sale is valued at AED 839k and offers an ROI of 6.9%. The average sales price for a bigger 2-bedroom apartment is AED 1.3M and the ROI is 6.3%. The more spacious 3-bedroom apartments for sale in Najmat Abu Dhabi offer an ROI of 5.3% and are available for AED 2.3M, on average.
BEST AREAS TO BUY TOWNHOUSES IN Al REEM ISLAND
Some people prefer the communal lifestyle offered by apartments, while others opt for private, secluded townhouses. While the island has plenty of wonderfully designed apartments, there are a few areas where you can buy townhouses in Al Reem Island.
Some of the popular communities to purchase townhouses in Al Reem Island include Shams Abu Dhabi, Marina Square and Shams Gate district.
If you want to buy a townhouse or apartment in Al Reem Island, our recommendation would be to start your search with the areas discussed above. There are certainly more pros than cons of living in Al Reem Island. It is a developing area and property value here is likely to grow significantly in years come.
When fully developed, it will be an illustrious addition to Abu Dhabi’s collection of island projects which include other ambitious projects such as Saadiyat Island, Yas Island and Al Maryah Island. If you are still shortlisting your ideal destination for investing in the capital, you can look at other freehold areas in Abu Dhabi as well.
