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Al Reem Island in Abu Dhabi is a rapidly flourishing neighborhood, witnessing remarkable development in recent times. With an impressive range of residential and retail options, it has swiftly become one of the most sought-after locations in the city. Prospective residents have a diverse selection of properties to choose from, including luxurious penthouses, elegant apartments, and breathtaking waterfront villas.
One of the notable features of Al Reem Island is that it was among the first developments in Abu Dhabi to offer property ownership to expatriates on a leasehold basis. This welcoming approach has attracted a diverse community of residents from various nationalities who now consider the island their cherished "home."
The investment potential on Al Reem Island is equally appealing. Studio apartments boast an average return on investment (ROI) of 8.7%, while 1-bed and 2-bed flats follow closely with returns of 7.2% and 6.6% respectively. For those interested in larger units, 3, 4, and 5-bed apartments yield ROIs of 6.4%, 5.2%, and 5.6% respectively, offering attractive investment opportunities.
ALDAR Properties PJSC is the driving force behind Al Reem Island's development, establishing it as one of the first free zones in Abu Dhabi. The skyline is adorned with numerous high-rise towers, notably featuring the iconic Stonehenge inspired Gate Towers. Many of these buildings and villas enjoy breathtaking waterfront views, adding to the overall allure of the area.
Al Reem Island's strategic location brings added advantages, with both Al Maryah Island and Saadiyat Island situated nearby, offering further opportunities for recreation and leisure. Moreover, Reem Central Park and Reem Mall are among the key attractions that contribute to the island's vibrant lifestyle.
In essence, Al Reem Island stands as a remarkable testament to progress and inclusivity in Abu Dhabi, welcoming residents from diverse backgrounds and providing an exceptional blend of modern living, picturesque views, and enticing investment prospects.
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