Property in Al Reem Island with a residence permit
Properties in Al Reem Island, UAE, attract expats and investors due to its strategic location near the centre of Abu Dhabi, modern infrastructure solutions and steady price growth. The community is actively developing, creating a favourable environment for long-term investment.
There is a choice of spacious apartments, penthouses with panoramic sea and city views, as well as townhouses and villas in the UAE. Most buildings are equipped with modern amenities such as swimming pools, fitness centres and recreational areas, making the area attractive for both permanent residences and rental properties.
The island community is characterised by a well-developed infrastructure. It is home to:
- Galleria Mall and Reem Mall shopping centres with an indoor snow park;
- cafes and restaurants such as The Kettle Corner, Smoking Doll, Catania Lounge and Popeyes;
- Sorbonne University Abu Dhabi;
- GEMS World Academy, Nord Anglia and The Russian School of Abu Dhabi;
- marinas, beaches and a long promenade;
- Reem Central Park.
Mangrove Marine National Reserve and Saadiyat Island with the famous Louvre Abu Dhabi Museum are 1015 minutes’ drive.
Here are a few key neighbourhoods that can offer the most value to the investor:
- Shams Abu Dhabi. It is home to modern complexes, apartments and commercial real estate. A special feature of the cluster is the developed infrastructure with shopping centres, parks and schools.
- Marina Square. It is one of the first developed areas of the island. Its proximity to the sea and access to a well-developed transport network makes property here highly sought-after. High-rise towers with sea views and a convenient location attract both investors and tenants.
- City of Lights. The community is actively developing and attracts attention due to a lot of new projects. It is a promising choice for those looking for more affordable options with potential future value growth.
- The Gate Towers. One of the island's iconic complexes with unique architecture and luxury apartments. The high demand for housing makes buying here favourable for those who plan to earn rental income.
- The Bridges. More affordable apartments that still offer modern amenities and a great location. This option will suit investors with a limited budget who are looking for a property with good prospects.
You can select from a variety of villas and apartments in the UAE and explore property for sale in Al Reem Island on our website.
Residence permit in UAE by buying property in Al Reem Island
Buying real estate in Al Reem Island, you get the opportunity to get a UAE long-term resident visa. This is the analogue of a residence permit.
Under the Golden Visa programme, it is possible to get a residence permit in the UAE through property investment. The main requirement is the purchase of 1 or more freehold objects worth AED 2 million ($544,500) or more.
Advantages of this type of residency include:
- Long-term renewable visa for 5 years;
- No need for a sponsor;
- You can stay outside the UAE for more than the normal period of 6 months to retain your residence permit;
- The spouse and children of any age as well as domestic helpers can be sponsored;
- In the event of the death of the principal holder, family members can remain in the country until the visa expires.
Investment real estate in Al Reem Island
Buying properties in Al Reem Island for investment is a profitable asset with a long-term perspective. High demand for housing, stable price growth and developed infrastructure make this area particularly attractive. Thus, only for H1 2024 the cost of apartments here has increased by 2.75%.
When choosing an object to invest in, you can focus on both short-term and long-term strategies. Short-term strategy implies investment of funds during the construction phase with subsequent resale after completion.
Long-term involves rental income.
According to the data for H1 2024, the average return on investment (ROI) on the island is 6.94% per annum. The highest rate is for studios, it amounts to 8% per annum. 1- and 2-bedroom apartments will bring 7% and 6.2%. The return on investment for 3- and 4-bedroom villas is 6.7% and 5.8% per annum respectively.
The cost of property in Al Reem Island varies depending on a number of factors: its type, area, configuration, stage or year of construction of the building, class of the project, quality of finishing and furnishing. The average price of a 1-bedroom apartment is AED 907,000 ($247,000), a 2-bedroom is AED 1.5 million ($408,500) and a 3-bedroom is AED 2.2 million ($599,000). A 3-bedroom villa can be purchased for AED 3.3 million ($899,500).
UAE policy is to actively attract foreign capital. The destination is a freehold zone where foreigners can buy property with full ownership.
Foreigners can buy a property in Al Reem Island and get a residence permit by investing AED 2 million ($544,500) or more.
The total value of the property must start at AED 2 million ($544,500). You can own more than one property, as long as the total price of the property matches the specified amount.
The choice of a particular complex and community depends on your personal preferences. Shams Abu Dhabi, Marina Square, City of Lights, The Gate Towers, and The Bridges are among the most popular areas in the location.