Things to Know When You Buy a Property in Al Reem Island

Things to Know When You Buy a Property in Al Reem Island

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If you're interested in moving to UAE, you have to know that Al Reem Island is a very popular place when it comes to buying properties.

Al Reem Island is a great area that has become more and more popular along with its continuous real estate development. It’s a natural island found at 600 meters distance from the coast of Abu Dhabi. The developers have been pumping more than 30 billion dollars in the entire area, and the real estate is definitely worth it. What makes it even more interesting, besides the magnificent views and the high standard of living, is that it was among the first free zones in Abu Dhabi, which means that foreign nationals can now buy a property in Al Reem Island as leasehold. Therefore, it’s an area of international interest, and it’s centered both on commercial and residential estate.

See also: Buy a Property in Al Raha Beach: All You Need to Know

If you’re a bachelor looking to buy a property in Al Reem Island or if you’re simply satisfied with the comfort of a studio, you should know that the prices for this type of apartment range from a little less than 600.000 AED and can go as far as 1.000.000 AED for a surface of around 800 square meters. ¬†Generally, this type of apartment comes together with only one bathroom, which should be enough. For those who want more space or simply want to share a two-bedroom apartment, the prices for this type of lodging start around 1.400.000 AED and can even reach a little more than 3.000.000 AED.

Families who have several children or who need more space can orient themselves towards three-bedroom apartments. They are very spacious and can cater well to a family with one, two or even three children. The prices for the cheapest ones are a little bit above 2.000.000 AED, while a really expensive apartment can cost 5.500.000 AED.

See also: Buy a Property in Dubai Marina – How Much?

Four-bedroom apartments are also a great idea if you want to buy a property in Al Reem Island. They’re great for very large families, but also for several bachelors or couples who want to share an apartment. The advantage when sharing a large apartment is that you also share the expenses, which might come out even cheaper than if you were to buy a smaller apartment. The cheapest four-bedroom apartments cost around 3.700.000 AED, while the most expensive ones can reach even 5.800.000 AED.

A penthouse is really a great investment for a home. And if on your quest to buy a property in Al Reem Island you decide on it, you should know that the best ones are those with four bedrooms. Even though it might look a little bit too expensive, the luxury and the comfort of such a lodging is definitely worth it! The cheapest penthouses can be found for somewhere around 5.700.000 AED, while the most expensive and luxurious ones can cost up to 9.000.000 AED. But you have to know that such high prices include a wonderful view from high floors, an area of more than 6.000 square feet, access to pools, parking spots and a short distance to the beach. Good luck in finding the right lodging for you!

See also: Dubai Real Estate Situation in 2015

 

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