Overview

Property Description

As part of the Saadiyat Cultural District, Mamsha Al Saadiyat is located near the Louvre Abu Dhabi Museum and Manarat Al Saadiyat Art Gallery. Another shopping mall, The District, is nearby. Developer Aldar Properties commissioned the project, which comprises nine buildings with 461 units, and 47 townhouses. A 1.4-km long white sandy beach and the Arabian Gulf are visible from the panoramic windows of Mamsha Al Saadiyat, which accommodates studios, 1-4 bedroom apartments, 5-bedroom penthouses, and 2-3 bedroom loft-style townhouses. Apartments and studios in the complex range in size from 358 square feet to 6,300 square feet, townhouses from 2,292 square feet to 4,401 square feet, and luxury penthouses from 16,628 square feet to 17,043 square feet. In Q1 2023, studios and apartments in the complex start at AED 630,000 (USD 172,000), while townhouses start at AED 4,700,000 (USD 1,280,000). The starting price for penthouses is AED 17,000,000 (USD 4,628,000). *Prices are valid for 2021 The cultural and entertainment facilities being built on Saadiyat Island will be of interest not only to tourists, but also to locals. It is suitable for long-term occupation as a family residence, as well as for renting to young couples and businessmen. AED 62,000 (USD 17,000) a year can be generated by renting out the studios, and it has an 8.3% return on investment. For a 1-bedroom apartment, the return on investment is 7.2%, while for a 2-bedroom and 3-bedroom apartment, the return on investment is 6.4% and 6.5%, respectively.

Location