Overview

Property Description

The Ocean Terrace Tower is a 43-storey skyscraper in Marina Square on Al Reem Island. The building is located near a mosque, a shopping centre, and cafes, restaurants, parks, and supermarkets. There are spacious 1-3 bedroom apartments for sale in the tower, ranging in size from 839 square feet to 2,730 square feet. All properties in Ocean Terrace Tower are designed so that residents enjoy the highest level of comfort. The apartments have spacious living/dining rooms, bedrooms with adjoining bathrooms, built-in closets, and equipped kitchens. There is also a staff room, walk-in closet, and pantry in some residences. The apartments feature smart home technology and panoramic windows with a view of Marina Square, the marina and the Arabian Gulf. In Q1 2023, 1-bedroom apartments start at AED 720,000 (USD 196,000). *Prices are valid for 2021 It was one of the first areas in Abu Dhabi to become a freehold zone. Real estate here can be purchased by both locals and foreigners alike. There is still construction going on in the area, so you can expect to see a substantial increase in the value of the property after construction is complete. It is worth noting the comfortable conditions in the Ocean Terrace Tower complex, which is ideal for young couples and families with children. It is estimated that apartments within the complex will yield a profit of 6.5-8%. The most profitable investment is considered to be the purchase of apartments with one bedroom, with a 7.7% ROI. If you intend to rent out the property after purchase, you can expect to earn AED 52,000 (USD 14,000) annually.

Location