Overview

Property Description

In Al Reem Island, there is a new residential project called Renad Tower, which was built by the Tiger Group. Renad Tower will provide a modern living environment with an Emirati heritage-inspired design. It is estimated that Renad Tower will be completed in Q4 2026. A great view of the canal and surrounding skyscrapers will be enjoyed by residents of Renad Tower, which offers fully furnished apartments with 1–3 bedrooms and panoramic windows. Among the amenities within the project are a swimming pool, a gym, a children's playground, and a barbecue area. As the tower is located near the waterfront promenade, you can enjoy leisurely walks along the canal in the cool evenings or wake up early to watch the sun rise. Residents of Renad Tower can also park for free. Renad Tower starts at AED 899K (USD 245K), and the developer offers an 80/20 payment plan with a 10% down payment. *Prices valid for 2023 The different configurations and amenities in Renad Tower make it a good choice for both young people and large families with children. It is possible for parents to spend time with their children on the waterfront promenade, on the children's playground, or at the nearby Reem Mall. In addition to a well-developed infrastructure, the residential complex is surrounded by a wide variety of educational institutions. Investing in real estate in the building can also be profitable, as off-plan property is always cheaper than ready units. You can buy a residence in Renad Tower during the construction stage, and resell it at a higher price in the near future. The real estate costs will only increase as the building develops. The real estate occupancy in Renad Tower is guaranteed by the fact that Al Reem Island is a highly sought-after location among tourists and residents of the emirate. A 1-bedroom apartment in the area costs AED 48K (USD 13K) per year in rental.

Location