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4. Al Reem Island: A Growing Community.
Al Reem Island is a growing community that offers a mix of residential, commercial, and retail developments. It is located close to the city center and has easy access to major highways and public transportation. Real Estate Group offers investors a chance to own an apartment in a well-connected and diverse location, with high demand from professionals, students, and families.
Flipping: Al Reem Island apartments are in high demand for their affordability, quality, and location. Flipping an apartment after renovating and furnishing it can attract buyers who are looking for a practical and stylish home.
Long-term renting: Al Reem Island apartments can generate a consistent rental income from tenants who are looking for a convenient and affordable lifestyle. The average rental price for a one-bedroom apartment in Al Reem Island is AED 55,000 ($14,986) per year, which translates to a gross rental yield of 8.8% for an average sale price of AED 625,000 ($170,300).
Buying off-plan: Al Reem Island has several upcoming residential projects, such as Meera, The Bridges, and Al Reeman, that offer competitive prices and payment plans for off-plan buyers. Buying an apartment off-plan can enable investors to secure a favorable price and enjoy the capital appreciation as the island’s infrastructure and amenities improve further.
Renting off-plan: Al Reem Island’s off-plan projects are expected to be completed by 2024 or 2025, which means that investors can rent out their apartments as soon as they receive the handover. Renting an off-plan apartment can provide a higher rental yield than a ready-made apartment, as the rental price is likely to increase with the demand and supply in the market.
1. Real Estate. Al Reem Island is a natural island located 600 metres off the coast of the Abu Dhabi island. It is a mixed-purpose community with residential, retail, and commercial units. The island offers a range of residential options, from studios to penthouses, with modern and spacious layouts, and stunning views of the sea and the city. The island also offers a range of lifestyle amenities, such as pools, gyms, parks, and playgrounds.
The advantages of living in this neighborhood for different groups are:
Couples: Al Reem Island is a convenient and affordable destination, where couples can enjoy the proximity to the city center and the airport, as well as the access to the public transportation and the highways. The island also has many options for dining, shopping, and entertainment, such as the Boutik Mall, the Al Reem Central Park, and the Paris-Sorbonne University Abu Dhabi.
Families with children: Al Reem Island is a family-friendly and safe community, where families can find comfortable and suitable homes with parking spaces, security and pools. The island also has many facilities and activities for children, such as the Repton School Abu Dhabi, the Bright Beginnings Nursery, the Al Reem Central Park, and the Boutik Mall.
Young professionals: Al Reem Island is a dynamic and diverse city center, where young professionals can find opportunities for career growth, networking, and learning. The island is home to some of the leading companies and institutions, such as the Abu Dhabi Global Market, the Abu Dhabi Securities Exchange, and the Paris-Sorbonne University Abu Dhabi. Young professionals can also enjoy the nightlife, the events, and the sports facilities of the island.
Retirees: Al Reem Island is a serene and scenic setting, where retirees can enjoy a peaceful and luxurious lifestyle. The island has a waterfront pedestrian promenade that offers 360° views of the island and the city. Retirees can also indulge in the cultural and leisure offerings of the island, such as the Al Reem Central Park, the Boutik Mall, and the Paris-Sorbonne University Abu Dhabi.
2. Population. Al Reem Island is a relatively new and developing area, so the exact population data is not available. However, according to the official website of the area, Al Reem Island is expected to accommodate over 200,000 residents and 100,000 professionals by 2030.
3. Business life. Reem Island is a growing business hub, with a focus on finance, education, and technology. The island hosts the Abu Dhabi Global Market, which is the leading international financial center in the Middle East, Africa, and South Asia region, which offers a range of financial services and products to local and international investors. The island also hosts the Abu Dhabi Securities Exchange, which is the second-largest stock exchange in the UAE, which provides a platform for trading, listing, and clearing securities. The island also hosts the Paris-Sorbonne University Abu Dhabi, which is a branch of the French-based Sorbonne University, which offers a range of academic programs, research opportunities, and cultural activities. The island also has several business towers, such as the Addax Tower, the Sky Tower, and the Sun Tower, which offer premium office spaces and facilities for various sectors and industries.
4. Infrastructure and transportation. Al Reem Island is a well-connected and accessible area, with easy access to major highways and public transportation. The island is connected to the main island of Abu Dhabi by bridges, and has easy access to the airport and the city center. The island has a bus station, a ferry terminal, and a water taxi service that provide convenient and affordable transportation options for residents and visitors. The island also has ample parking spaces, bicycle lanes, and pedestrian walkways that facilitate mobility and sustainability.
5. Cultural life: attractions, museum, exhibitions. Al Reem Island is a cultural haven that hosts some of the world’s most popular attractions, such as:
- The Al Reem Central Park is a green oasis that offers a range of facilities and activities, such as a lake, a skate park, a playground, and a mosque.
- The Boutik Mall is a community mall that offers a range of shopping, dining, and entertainment options, such as Waitrose, Virgin Megastore, Sephora, and Novo Cinemas.
- The Paris-Sorbonne University Abu Dhabi is a cultural and educational center that hosts exhibitions, performances, and workshops. Al Reem Island also hosts many events and shows throughout the year at the Al Reem Central Park, the Boutik Mall, and the Paris-Sorbonne University Abu Dhabi.
Some of the interesting events and shows that took place in Al Reem Island area in 2022 and 2023 are:
- Reem Festival: Al Reem Island celebrated the winter season with a festival that featured live music, food trucks, fireworks, and a giant snowman.
- Reem Ramadan: Al Reem Island celebrated the holy month of Ramadan with a festival that featured cultural activities, charity initiatives, and a traditional souk.
- Reem Eid: Al Reem Island celebrated the Eid al-Fitr and Eid al-Adha with a festival that featured entertainment, games, and gifts.
6. Entertainment venues. Al Reem Island is the entertainment hub of Abu Dhabi, with attractions such as the Reem Central Park, the Boutik Mall, and the Paris-Sorbonne University Abu Dhabi. The Reem Central Park is a green oasis that offers a range of facilities and activities, such as a lake, a skate park, a playground, and a mosque. The Boutik Mall is a community mall that offers a range of shopping, dining, and entertainment options, such as Waitrose, Virgin Megastore, Sephora, and Novo Cinemas. The Paris-Sorbonne University Abu Dhabi is a cultural and educational center that hosts exhibitions, performances, and workshops. Al Reem Island also has several hotels and resorts, such as the Gate Tower Hotel, the Shams Boutique Hotel, and the Meera Hotel, that offer luxurious accommodation, spa, and fitness facilities, as well as bars, lounges, and clubs, such as The View, The Lounge, and The Club.
7. Universities. Al Reem Island is home to one of the leading universities in Abu Dhabi, the Paris-Sorbonne University Abu Dhabi, which is a branch of the French-based Sorbonne University. The university offers a range of academic programs, research opportunities, and cultural activities for students and faculty. The university also includes the Sorbonne Abu Dhabi Art Gallery and the Sorbonne Abu Dhabi Auditorium, which host exhibitions, performances, and workshops.
8.Schools. Al Reem Island has one of the best schools in Abu Dhabi, the Repton School Abu Dhabi, which is a branch of the UK-based Repton School. The school offers a high-quality education, following the British curriculum, for students from nursery to secondary levels. The school also offers a range of extracurricular activities, such as sports, arts, and music.
9. Kindergartens. Al Reem Island has one of the best kindergartens in Abu Dhabi, the Bright Beginnings Nursery, which is a branch of the UK-based Bright Horizons Family Solutions. The kindergarten offers a nurturing and stimulating environment, following the Early Years Foundation Stage, for children from 6 months to 4 years old.
10. Stores. Al Reem Island has a variety of stores that cater to the needs and preferences of the residents and visitors. The Boutik Mall, the community mall, has a range of stores, such as Waitrose, Virgin Megastore, Sephora, Bath and Body Works, and Apple, that offer groceries, electronics, cosmetics, and accessories. The Boutik Mall also has a department store, House of Fraser, that offers fashion, home, and beauty products. Al Reem Island also has a pharmacy, Aster Pharmacy, that offers medicines, supplements, and health products.
11. Restaurants and cafes. Al Reem Island has a plethora of restaurants and cafes that offer a variety of cuisines and experiences. The Boutik Mall, the community mall, has over 40 dining outlets, ranging from fine dining restaurants, such as La Brioche, Nando’s, and Shakespeare and Co., that offer French, Portuguese, and English cuisines, respectively, to casual cafes, such as Starbucks, Tim Hortons, and Paul, that offer coffee, snacks, and pastries. The Boutik Mall also has a food court, Foodshed, that offers a range of fast food and international options, such as McDonald’s, KFC, Pizza Hut, Subway, and Man’oushe Street. Al Reem Island also has several hotels and resorts, such as the Gate Tower Hotel, the Shams Boutique Hotel, and the Meera Hotel, that offer luxurious accommodation, spa, and fitness facilities, as well as bars, lounges, and clubs, such as The View, The Lounge, and The Club.
12. Hospitals and clinics. Al Reem Island has one of the best hospitals and clinics in Abu Dhabi, the Burjeel Medical Centre, which is a branch of the UAE-based Burjeel Hospital. The center offers a range of medical services and specialties, such as dermatology, dentistry, ophthalmology, and orthopedics. The center also has a pharmacy, a laboratory, and a radiology department. The center also offers telemedicine and home care services for patients who prefer to receive care remotely or at home.
Want to Buy Real Estate in Abu Dhabi? Write a Request in WhatsApp and Real Estate Group Will Find the Best Options for You. Everyone Buys With Us!
Real Estate Group's 5-year forecast for real estate prices on Al Reem Island.
The average price per square foot for apartments in Al Reem Island increased by 2.2% from 2022 to 2023, reaching AED 1,019 ($278). The projected price growth for the next five years is 1.5% annually, which means that by 2028, the average price per square foot will be AED 1,090 ($297). An example of an apartment complex in this area is the Gate Towers, which offers studios, one-bedroom, and two-bedroom apartments, with sizes ranging from 600 to 1,400 sq. ft., and prices starting from AED 650,000 ($177,112).
Don't miss the opportunity to invest in real estate in Al Reem Natural Island, a mixed-use coastal city featuring residential, retail and commercial properties and become a part of Abu Dhabi's future. Leave a request to Real Estate Group today on WhatsApp and let us help you find your dream property on Al Reem Island.
