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Airport Road

About Airport Road

Airport Street is also known asAirport Road and 2nd Street. But its official name is Sheikh Rashid Bin Saeed Street since it was named after His Highness Sheikh Rashid bin Saeed Al Maktoum.

Airport Road is probably one of the most important areas of Abu Dhabi since it divides the emirate into two parts, providing easy access to any part of the capital. Airport Road is located at the edge of the city on Corniche St in the west, and eventually reaches the Al Maqta area on Al Ain St in the southeast. As an important and integral part of Abu Dhabi, Airport Street is home to many different types of properties and attractions, providing a safe living environment.

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Projects in Airport Road

Bloom Central
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Bloom Central

Located in Airport Road

Location and infrastructure

With a convenient location, everything is within easy reach of Airport Road- from the best business centers to luxury stores. The main advantages of the location can be highlighted below:

  • Abu Dhabi International Airport is 30 minutes’ away.
  • Easy access to anywhere in the Emirate, as the road,runs through the central part of Abu Dhabi from north to south.
  • Airport Street is home to many hospitals, schools and restaurants, as well as parks, gyms, recreation areas and mosques.
  • Here you can find the shopping malls, World Trade Center Mall, and Al Wahda Mall.
  • It is also home to thehistoric landmark and the oldest stone building in the city of Abu Dhabi – Qasr Al Hosn, as well as one of the six largest mosques in the world – the Sheikh Zayed Grand Mosque.

On the eastern side of the road towards Khor Al Maqtaa, are mostly low-rise buildings and dense landscapes. They include Al Mushrif (predominantly a residential area, but it is also one of the best places in Abu Dhabi to buy commercial real estate), Embassies District and Al Aman areas (with many high-end hotels and a high density of commercial facilities, such as government and commercial offices). On the west side are high-rise buildings, large shopping centers and other commercial facilities.

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Investment prospects

Real estate units on Airport Road are generally associated with being a mixed type of real estate, and it is quite difficult to find only residential projects, as well as villas here. For example, the Al Wahdah area is best known for Al Wahda Sports Club and Al Nahyan Stadium which has a mixed property type and offers a range of medium and high-rise buildings with studios and apartments consisting of 1BR-3BR as well as several residential villas with 4BR-5BR.

As for rental prices, they are slightly higher here than in other parts of the city. The rent prices for a studio apartment on Airport Street vary at around AED 34,000 (USD 9,300). A 1BR apartment can be rented for AED 53,000 (USD 15,000) in the same area. Popular among families are 2BR-3BR apartments which cost about AED 79,000 (USD 21,500) and AED 87,000 (USD 23,700) per year. To rent a 4BR villa costs AED 140,000 (USD 38,000) per annum.

Airport Road is considered one of the most prestigious areas in Abu Dhabi as its location runs through the center of the city which makes it popular among investors and renters. The average ROI in this area is about 6.1%.

There is a large number of commercial properties available for purchase on Airport Road. For example, here you can buy a plot of land of 18,011 sq. ft. for AED 17M (USD 4.63M) or a 7BR commercial villa of 5,000 sq. ft. for AED 4.9M (USD 1.33M). In addition, interested investors may consider buying an entire commercial building for AED 230M (USD 62.62M).

There are also a range of office spaces available for rent, with space ranging from 192 sq. ft. to 18,837 sq. ft. The minimum office rental price starts at AED 14,000 (USD 3,800) per year.

Top real estate projects

The new Rawdhat neighbourhood offers a limited number of low and mid-rise towers for both residential and commercial properties. The development by Al Nahda Investment LLC consists of 1-3BR luxury apartments and offices, along with commercial units and land plots. The main part of the project was completed in April 2018 and the area of the units ranges from 750 sq. ft. to 1,964 sq. ft. The facilities include parking, a mosque and a swimming pool. Although the community is not yet fully completed, it already occupies a central position between the Business District, Capital City District and Abu Dhabi International Airport. Once completed, the complex will be home to more than 18,000 tenants.

Prices for renting residential real estate can vary from AED 50,000 (USD 13,600) to AED 115,000 (USD 31,310). Annual rental rates for office spaces range from AED 117,800 (USD 32,100) for a 1,056 sq. ft. office to AED 1,105,200 (USD 300,910) for a 9,913 sq. ft. office.

Popular Rental Property

New Emi State Tower is another popular residential project in the area with 32-floors with 1-3BR apartments and offices. All construction works ended in 2016. The project is located at the intersection of Hamdan Bin Mohammed St and Sheikh Rashid Bin Saeed St (Airport Street) and is in close proximity to the World Trade Center.

The living area of apartments starts from 900 sq. ft. and can go up to 2,700 sq. ft. The amenities of the complex consist of covered parking and a swimming pool andgym. The rent prices here starts at AED 70,000 (USD 19,000) and can reach AED 165,000 (USD 45,000) per year. An example of the current offers in this building are: a 1BR apartment of 900 sq. ft. with 2 bathrooms costs AED 70,000 (USD 19,000) a year.

Fotouh Al Khair is also located at the junction of Hamdan Street and Airport Road and is situated behind Fotouh Al Khair Mall. This is why everything is placed in close proximity. One can find supermarkets, shops and entertainment outlets in just a few minutes’ walk. The complex consists of four residential towers: Tower I (Autumn Tower), Tower II (Summer Tower), Tower III (Winter Tower) and Tower IV (Spring Tower). The project was completed back in 1999.

The development has 1 to 3-bedroom apartments as well as 2-level apartments with a living area that starts from 660 sq. ft. and can reach 3,500 sq. ft. Rent prices vary from AED 48,000 (USD 13,000) to AED 165,000 (USD 45,000) per year. For instance, apartments with 1BR with an area of 667 sq. ft. costs AED 55,000 (USD 15,000) a year.

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Attractions

Etihad Square is located at the beginning of Airport Street next to Corniche Street, on the corner of Old Airport Street and Al Nasr Street. Etihad Square is a beautiful park for relaxation in the heart of the capital that muffles all the noise of the hustle and bustle of the city. Six sculptures have been placed in the park: a coffee pot, a cannon, a vessel, a bowl, a tower and a cap, which describe the traditional life of Arab people, which has not changed since ancient times. For example, the national coffee pot (dalla) is similar to the distillery, which in ancient times was used by nomads who brewed coffee and served it to the table. The bowl for smoking incense (bakhoor), which was previously used for fuming rooms, including palaces and temples. The cap was used to cover dishes at solemn receptions of sultans and kings. On the one hand it preserved all the aromas of the dishes, and on the other, it added an element of festive surprise. The sculptures are also fountains.

Qasr Al Hosn, known as the White Fort, is a historical landmark and the oldest stone building in the city. The building was built in 1761, and designed by Mohammed Al Bastaki as a conical watchtower to protect the only freshwater well in Abu Dhabi. But in 1793 it was expanded into a small fort by the ruler Sheikh Shahbut bin Diyab Al Nahyan, and became his permanent residence. Today there is a museum which displays many paintings, artifacts and historical weapons relating to the history of the state. There is also an annual festival of Qasr Al-Hosn, which lasts for 11 days. There are traditional music and dance concerts that showcase the cultural heritage of the UAE. Qasr Al Hosn is located on Airport Street, almost at the beginning of the district, and sometimes festivals of Arab culture are held here.

One of the most visited places on Airport Street is Zayed Sports City which is located not too far from Khor Al Maqtaa in the southern part of Abu Dhabi, and offers a variety of sports facilities. They include soccer fields, basketball courts, gyms, fitness centers, an ice rink, and a jiu-jitsu room.

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