Demand for property on Abu Dhabi’s natural Al Reem Island, is outshining other parts of the Emirate as people seek the ‘island dream’.Al Reem Island as being amongst the best performing areas in Abu Dhabi, with prices starting from AED 907 per square foot. Prices on Al Reem have certainly held firm, even throughout the downturn.Reem is a natural island paradise, with excellent connectivity to the CBD and excellent long term growth potential” said Niall Mc Loughlin, Senior Vice President of DAMAC Properties.
While there has been some speculation about further declines in Abu Dhabi’s real estate prices, Al Reem Island is well positioned to avoid any significant re-pricing.Abu Dhabi is benefiting from a surge in oil prices this year, with the Abu Dhabi Department of Economic Development saying the Emirate is on track to achieve four per cent GDP growth this year. Separately, inflation is expected to average below three per cent.
With strong growth, the government is remaining firm on its commitment to invest AED1.83 trillion in industry, tourism and culture to boost non-oil revenue to 64 per cent of the economy by 2030.“With the expansion of the airport, the development of world class facilities such as the Formula One track at Yas Island, and a commitment to culture and the arts, the Abu Dhabi government is creating the type of community which is extremely attractive for residents in the long term.”
The government of Abu Dhabi is helping to create an environment in which people want to live and that is a very strong positive for the future outlook for Abu Dhabi’s real estate market. Al Reem Island is considered one of the most luxurious locations in the UAE. It’s a natural island 600 meters off the Coast of Abu Dhabi Island, and has attracted interest from foreign nationals due to it being one of the first free zones in the capital.
If you are looking for any further details on Abu Dhabi, buying, leasing or selling your property please do not hesitate to contact Property Shop Investment. We are in the business of building wealth for our clients by sourcing, managing, investing and selling real estate property. You can contact us via email, phone, facebook, twitter or simply walk in to our Head office and we will be more than happy to assist you.
Property Shop Investment
PO Box 109537
Al Muhairy Center
T: + 971 (0)2 639 11 47
M: +971 50 120 5933
http://www.psinv.net
info@psinv.com
Monday, February 6, 2012
Monday, January 30, 2012
Glimpse of UAE Real Estate Sector in 2012
Abu Dhabi and Dubai expects 41 thousand new housing units in 2012 says Moussalli, Regional Director of the Department of dealings in the John Lang LaSalle Global.
3 thousand new units to be added in Dubai, whereas 18 thousand units in Abu Dhabi
Moussalli said on the launch of its annual "Best real estate trends in the UAE," that the number of units that have entered the market last year reached 13 thousand in Dubai, and 10 thousand units in Abu Dhabi.
According to the report the average ROI on new properties to individual investors is between 7% - 9% and corporate investors get 9% - 11%.
Report also emphasize that the opportunity is now available for the real estate investor to achieve a greater return on investment as compared to the period before the global financial crisis as a result of depreciation.
He said that the volume of retail space added to the market in 2011 is about 235 thousand square meters, of which about 162 thousand meters in Abu Dhabi, and about 73 thousand square meters in Dubai. Moreover this year about 175 thousand square meters in Abu Dhabi will be added, compared to about 6 thousand square meters in Dubai during the same period.
The report stressed that the UAE market will move to provide more options for tenants and residents during the current year through the availability of significant levels of the flow of supplies in many sectors. So as to increase competition which will lead to a wider range of options for tenants and residents this year.
The overall report clearly show signs of improvement in the Real Estate sector in the UAE and provides more opportunities for the investors (both individual and corporate) to invest in the UAE Real Estate market. The report also shows that Abu Dhabi is leading the race of property development in the UAE and attracting more investors due to stable and strong real estate and economic conditions.
Property Shop Investment is focused on delivering a real estate Experience that is comprehensive, efficient and above all, completely centered around your needs and goals. This mode of thinking has allowed us to evolve into a successful, multi-disciplinary agency that specializes in Property Sales, Property Management and Development, Property Evaluation and other services related to the Real Estate sector.
Wednesday, January 18, 2012
Marina Square – A dream lifestyle!
Marina Square is a multi-billion dollar development. A mixed-use community consists of residential/corporate towers and a hotel. It’s the Phase 1 of the development on Al Reem Island. This exclusive and self-reliant residential and retail community is 200,000 square meters and is built around a spectacular marina complex, offering residents and their guests a range of cafes, restaurants, boutique and retail shopping outlets as well as entertainment facilities to meet the leisure and social needs of all.
In addition, the inclusion of a 5-Star hotel on the outer edge of the Marina means world class dining and beach access is only a short stroll away.
Located between the island's two main access bridges (and directly opposite the popular Abu Dhabi Mall), residents and visitors will have easy access to and from the island by water taxi or road. With every convenience for a modern metropolitan lifestyle at your doorstep, Marina Square is set to become the most exclusive waterfront community in the city, and the envy of all others.
Set amidst the tranquil blue sea, Marina Square covers a total area of 66 acres comprising of built-up space of more than 1.13 million square meters. About 10,000 people will call Marina Square their ‘home’, when they move into one of the 13 residential towers or the corporate office tower, who are complemented by an upscale supermarket, a 5-star hotel, service apartments and the Paragon Bay Mall. Ample parking, strong infrastructure and excellent community facilities will ensure that Marina Square residents have every comfort at their doorstep. A mosque, open and landscaped spaces, swimming pools, a private beach, a playground, marina facilities, day care centres and medical clinics will make the community self-sufficient.
Infinity tower is the only corporate Tower located in the Marina Square on Al Reem Island.
Residential Towers
- Al Maha Tower
- Marina Heights I
- Marina Heights II
- Ocean Terrace
- RAK Tower
- Tala Tower
- Marina Blue
- Burooj Views
- Panoramic Heights B1
- Panoramic Heights B2
- Aabar Tower
- A1
Facilities
- Shopping Arcade
- Cineplex
- Sports Centre
- Tennis Courts
- Indoor Football & Basketball Courts
- Mosque
- Parks
- Swimming Pools
- Day Care Centre
- Medical Clinics
Features
- Projected number of residents is 10,000
- Car park provision is 7,553 parking bays.
- 79% of the Marina Square will be residential areas
- 21% of the Maria Square will be commercial areas
- 40% of the Marina Square will be landscaped areas
- Multi-Level shopping arcade for international retail brands
- Multi-Screen Cinemas with the capacity of 80 seats each
- Marina to cater for yachts ranging from 6 meters to 60 meters. There are 35 moorings for marina members and 12 moorings for the public
- Pedestrian Walkways throughout the marina
- Open courtyard areas with water features and outdoor events
- A vibrant nightlife that makes you across continents with breath taking shows and the finest range of international cuisine
Triple Play technology enables residents to receive alerts about their email messages, SMS and incoming calls on their television screens. The residents are provided with a smart home function whereby residents are able to control their air conditioning, lights and curtains through one touch panels or remotely through a mobile phone, internet or PDA. For the residents' convenience, a central billing system will be incorporated into one bill. The units will be equipped with high speed internet services and the TV/Video systems will be HD ready
Marina Square sets the benchmark for quality, service and lifestyle. So are YOU ready to book an Apartment or an Office TODAY?
Get in touch with the Property Shop Investment and get more details on how to book your property on Al Reem Island and be a proud OWNER!
Sunday, January 8, 2012
Al Reem Island – A Natural Island
Al Reem Island, twenty minutes from the capital’s International Airport and just 600 meters from the Abu Dhabi coast makes it a “city within a city”. Also, the location provides very convenient access to Dubai through Abu Dhabi ~ Dubai Highway.
Abu Dhabi is the Capital of United Arab Emirates. It’s currently experiencing phenomenal economic growth as it becomes one of the region’s foremost financial and cultural centre. The emerging Abu Dhabi real estate market is a key driver of this growth and investment in the emirate. It’s rapidly becoming an international trading and commercial hub.
Al Reem Island offers a unique blend of 'urban metropolis' and 'Tranquility Island'. Once completed (which is expected to be in 2023) it will be one of the most impressive and largest tourist developments in the world.
When complete Al Reem Island will serve as home to over 200,000 residents and spread across 6.5 million square meters. It’s being built by 3 developers:
Tamouh Investments
Sorouh Real Estate
Al Reem Investments
Tamouh Investments owns 60% of the development projects, while Sorouh owns 20% and Al Reem Investments owns the remaining 20%.
The development is overseen by an independent third-party facilities management company “Bayt Al Khidma”. They will ensure that all three Reem Island master developers meet the high standards of construction
The Island features advanced and enhanced technologies to make life easier. From centralized natural gas network, automated waste collection systems to Wi-max internet access across the Island will be among services provided on the island. Moreover technologies for controlling lighting, temperature and security are also added for lavish lifestyle. It will be the city's hallmark and a main tourist attraction in the years to come.
Water activities will form a major part of Al Reem Island‘s lifestyle including waterskiing, snorkeling, scuba diving, fishing, sailing and much more.
Al Reem Island offers luxurious residential accommodations which include offices, apartments, townhouses and villas. All properties in Al Reem Island are free hold for both the UAE Nationals and expats. If you are planning to buy property in Middle East, we would suggest you to book it today and don’t waste a wonderful opportunity. Abu Dhabi is a Tax free haven for residents and businesses.
There are quite a few properties (Towers) already completed in Al Reem Island :
If you need any further details on how to proceed or book your property don’t hesitate to contact us. We are in the business of building wealth for our clients by sourcing, managing, investing and selling real estate property. You can contact us via email, phone or simply walk in to our Head office and we will be more than happy to assist you.
PO Box 109537: Al Muhairy Center
T: + 971 (0)2 639 11 47
M: +971 50 120 5933
"Property Shop Investment" is a well-known and respected real estate company operating in the UAE from its Head Office in Abu Dhabi
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