Overview

Property Description

Masaood Development LLC developed Azure, a luxury 29-storey residential complex on Al Reem Island in Abu Dhabi. Construction was completed in 2019. Three hundred and thirty-nine stylish one- to two-bedroom apartments and a penthouse are available at the complex. The apartments range in size from 770 to 1387 square feet. A dining room with a living room, a separate kitchen, bedrooms with bathrooms and built-in closets, a guest bathroom with a rain shower, and a spacious balcony or terrace are all typical of all apartments. With large panoramic windows and stunning views of the Arabian Gulf and the surrounding island, the residences are equipped with a smart home system. In addition to its infinity pool, sauna, spa, gym, barbecue area, and conference room, Azure offers a separate pool and outdoor play area for children. Parking is available on three underground floors as well as 24-hour security and video surveillance. One aspect that makes Azure stand out is its waterfront location. The complex is surrounded by landscaped gardens for residents to enjoy walking and recreational activities. Reem Central Park is near and offers all sporting possibilities, including a skatepark and tennis courts. A one-bedroom apartment will cost AED 800,000 (USD 220,000) in March 2023. This type of property will cost AED 60,000 (USD 16,000) a year to rent. *Prices are valid for 2021 only There are many shopping centers, cafes, and restaurants near the Azure complex, as well as educational institutions and medical facilities. The Azure project provides a highly profitable long-term investment. The payback rate for one-bedroom apartments is quite high - 7.5%.

Location