Overview

Property Description

Mismak Properties built Al Reem Bay apartment complex on Al Reem Island in December 2020. It consists of two 29-storey buildings and a podium of three stories. There are 445 residential properties in Al Reem Bay, consisting of 1, 2 and 3-bedroom apartments, each ranging from 800 to 2,400 square feet. This project is distinguished by diamond-shaped windows in the central part of its facade. All apartments have panoramic windows with stunning views of the Arabian Gulf. There are built-in closets, a living room painted in light colors, a large balcony, a modern closed kitchen, spacious bedrooms with adjoining bathrooms, a staff room with a separate bathroom, a dining room and a guest bathroom in the residences. The price of a 1-bedroom apartment at Al Reem Bay will be AED 850,000 (USD 232,000) in Q1 2023, and it can be rented for AED 50,000 (USD 14,000) a year. *Prices are valid for 2021 With a return on investment of 6.62% for 1-bedroom apartments, Al Reem Bay offers investors a high level of passive income when renting their apartments. Al Reem Bay is located on Al Reem Island, which is considered one of Abu Dhabi's first freehold zones. It is open to both locals and foreigners to invest in real estate here. As the area grows and develops, the demand for real estate will also increase. Al Reem Bay is close to the island's social and entertainment infrastructure, including hospitals, shopping centres, schools, a university, etc.

Location