Al Reem Island, Abu Dhabi
The gated neighbourhood worth AED 8B (USD 2.1B) will offer a mix of properties, including apartments, townhouses and villas. Phase 1 includes villas with 5-7 bedrooms and will have four design styles called: Zen Design, Frame Design, Minimal Design and Cubic Design. Seven-bedroom villas have 4 floors, while villas with five and six bedrooms have 3, and property sizes range from 10.487 sq. ft to 14.382 sq. ft.
According to Q Properties, this project is highly attractive economically as it offers the lowest rates for service charges across the majority of real estate developments in the emirate. In addition, Reem Hills boasts close proximity to Sorbonne University Abu Dhabi, an affiliate of the French Sorbonne University, and Reem Hospital, which is a high-end multispecialty hospital.
Taking into account all the above-mentioned information, it is safe to say that the gated leafy community will be popular among families with children. That being said, it is worth considering buying a property in Reem Hills for personal use, as well as a commercial investment for a subsequent lease as Reem Island boasts an average ROI as high as 6%. The starting rental price for a 1-bedroom apartment in this community amounts to AED 45K (USD 12.2K) per year and AED 350K (USD 95K) per annum for a 5-bedroom villa.