Al Raha Beach

As of Q3 2021, there is one development under construction – Al Raha Lofts by Reportage Properties, which is the first project of the master developer in Al Raha Beach. The development consists of two phases: Al Raha Lofts One and Al Raha Lofts Two, which are two modern six-storey residential buildings. The buildings offer an extensive array of 1-4 bedroom apartments, 1-2 bedroom townhouses as well as 2-4 bedroom duplexes with outstanding canal views. Residents of Al Raha Lofts will be able to benefit from a range of amenities such as swimming pools, landscaped gardens, a sports court and a children’s playground. Moreover, there will also be many retail shops and restaurants in the vicinity of the complex. As of September 2021, the first phase has almost reached 94% completion, and the second phase is almost complete at 98%.

In Al Raha Lofts, a one-bedroom apartment of 741 sq.ft. can be purchased for AED 1,284,000 (USD 350,000), while a one-bedroom townhouse with the same area costs AED 935,000 (USD 255,000). Finally, the starting price for a two-bedroom duplex of 1,539 sq.ft. is AED 1,400,000 (USD 382,000).

With an estimated AED 53.9B (USD 14.7B) capital cost, Al Raha Beach is rightfully considered one of the most prestigious projects in Abu Dhabi. The area is a waterfront community that stretches over 215.2 million sq/ft of reclaimed land along the beautiful coast, with a series of canals and islands interlinked by boulevards. The project has been developed by Aldar Properties and plans to accommodate a public tram line that will connect to the public transportation system of Abu Dhabi, as well as numerous water taxi stations along the canals.

Al Raha Beach area is currently home to 120,000 people and consists of a mix of residential, retail, recreational and commercial properties. Furthermore, the development includes marinas that are inspired by the sea-faring culture of Abu Dhabi and also houses four sub-communities: Al Bandar, Al Hadeel, Al Muneera and Al Zeina.

Location

Al Raha Beach is located right next to the iconic Yas Island, providing easy access to record-breaking attractions such as Warner Bros. Abu Dhabi, Ferrari World Abu Dhabi, Yas Marina Circuit and many others. Furthemore, Masdar City, Khalifa City and Abu Dhabi International Airport can be reached in a maximum of 25 minutes’ from the beachside development. Meanwhile, the drive to Abu Dhabi will take about 35 minutes’, and those traveling to and from Dubai on a frequent basis will be keen to learn that the emirate is slightly over 1 hour away.

According to Abu Dhabi Sales Report H1 2021 by Bayut & Dubizzle, Al Raha Beach continues to retain its position as one of the top 4 choices for buying luxury property in Abu Dhabi, alongside Saadiyat Island, Yas Island and Al Reem Island. As of 2021, ROI of apartments is 6.71% across the mixed-use area, while the price per sq.ft. has grown by 0.25% compared to the second half of 2020. Currently, the price is AED 1,161 (USD 316) per sq.ft. and the starting annual rental cost of a one-bedroom apartment of 1,000 sq.ft. is AED 50,000 (USD 14,000).

A high demand among investors is due to the fact that Al Raha Beach offers premium spacious waterfront properties and provides easy access to world-class amenities. These include a 131-berth marina, an exclusive clubhouse, supermarket, retail building and a beautiful promenade with a collection of fine eateries.

Al Maha sits right behind the development of Al Rahba in the sub-community of Al Muneera and offers beautiful views of Al Raha Beach. As opposed to the previously mentioned projects, Al Maha offers merely apartments, in particular one to four bedroom residences. The units feature spacious living/dining areas, floor-to-ceiling windows, as well modern designed kitchens. Residents of Al Maha have full access to covered parking, a shared gym, steam rooms and a children’s play room. The development was completed back in Q4 2011.

The starting price for a one-bedroom apartment of 815 sq.ft. in Al Maha is AED 1,000,000 (USD 273,000).

Al Bandar Marina is the first marina to be completed on Al Raha Beach by Aldar Properties. Supported by 24-hour services, it provides unimpeded access to a range of islands, a deep water basin and waterways, which are perfect for water cruising, watersports and fishing. In Al Bandar Marina, there are also numerous restaurants, health clubs, retail stores and a promenade. As mentioned earlier, the marina features 131 berths for residents and visiting yachts of all types. Meanwhile, Halla Walla, a water sports club in Al Bandar Marina, offers the chance for visitors to try out water skiing barefoot or even in a chair.

With a panoramic view of the Corniche coastline, Al Raha Beach Hotel is connected to Al Raha Mall and caters to both corporate and leisure travelers alike. There are 278 rooms, suites and private villas with a contemporary Arabic décor. Visitors and guests can benefit from eight fine eateries, a beauty/hair salon, a gift shop and a ballroom. Furthermore, Al Raha Beach Hotel provides seven fully-equipped meeting and event venues as well as a Body & Soul Spa & Recreation Club.

Al Raha Mall is the ultimate shopping destination, which combines shopping, leisure and entertainment. Visitors can enjoy two cinemas showcasing the latest movies and an array of restaurants, cafés as well as a food court offering multiple F&B options for the entire family. Furthermore, a children’s entertainment area in Al Raha Mall features many activities to keep the little ones busy.