The real estate industry is booming in UAE and Dubai is becoming the hub of exclusive real estate developments. But, the truth is, not only Dubai, but other parts of UAE such as Abu Dhabi, are also seeing a huge growth in this sector. A testament to this is none other than the real estate developments at Al Reem Island. If you are interested in finding out why Al Reem Island Is Abu Dhabi’s Next Big Real Estate Hotspot, then this article is just for you.
Since this island is situated at a distance of 600 meters from the coast of Abu Dhabi, therefore it turns out to be the perfect destination for becoming the next real estate hotspot in UAE. Yes, its strategic location, wide range of properties, and robust infrastructure are a few things that attract buyers. Not just that, there are a few more reasons why invest in Al Reem Island and we’re going to discuss those reasons right here in this article.
- A highly strategic location offering easy accessibility
Since we are talking about Al Reem Island, one of the most significant factors about this island is its strategic location. It is located in close proximity to Abu Dhabi’s central business district which eventually turns out to be a highly in-demand area within the city. Anyone who will have a property on Al Reem Island is eventually going to have close access to areas such as the Corniche, Saadiyat Island, Al Maryah Island, Abu Dhabi Global Market (ADGM), and more. Moreover, this area offers great connectivity to the well-developed road networks and public transportation options offering commuters seamless travel to different locations of the area.
- Wide range of property options
There is a wide range of property options to choose from which means it has a diverse project portfolio that is there to cater to a wide selection of potential buyers, their preferences, and budgets. There are several waterfront apartments on this island which range from affordable to mid-ranged units. In short, we can say that this property has in store something for everyone.
- High investment potential
Al Reem Island is known to offer an unmatched return on investment which eventually turns out to be a great option for investors who are buying the property from an investment point of view. By taking a look at the events from the past, the property rate is sure to rise by 5.23% which turns out to be a great option for earning high-end rental yields.
- Lifestyle enhancing amenities
The inclusion of world-class amenities and lifestyle offerings at properties at this location makes us understand why invest in Al Reem Island. The launch of this recently inaugurated Reem Mall includes 400 retail outlets, “Snow Abu Dhabi,” and around 85 dining options to choose from. Moreover, there are several top-tier educational institutions, healthcare facilities, recreational spaces, and other such facilities present in close proximity to this location.
- Leads to economic growth and Infra-structural development
Abu Dhabi, just like Dubai, is showcasing its commitment to achieving the highest standards of economic diversification as well as infrastructural development. This has shown a positive impact on the development of the city. Apart from that, the Abu Dhabi Global Market is another reason why several financial institutions are getting attracted to this island. This, in turn, calls for the development of both commercial as well as residential units in the area. This leads to an increment in the overall expansion of the appeal of the island.
Concluding Thoughts-
Al Reem Island shares a great location and connectivity to major conveniences of our lives. But location is not the only reason why invest in Al Reem Island, there are many more reasons behind this, and the same have been discussed above. Both investors and those who are looking for residential opportunities should look out for properties at Al Reem Island Abu Dhabi. If you are still not sure, we recommend visiting this island once and you’ll certainly get clarity in your thoughts.