Horizon Towers
About Horizon Towers
(sq. ft.)
Horizon Towers is a residential complex located in the City of Lights area of Al Reem Island. The project was developed by Tamouh Investments LLC and completed in 2018. Its towers are situated on a canal, and panoramic windows offer stunning views of the water and island.
Properties include one- to four-bedroom apartments. The units in Horizon Towers A range in size from 705 sq. ft. (65 sq. m) to 3,484 sq. ft. (324 sq. m), and apartments in Horizon Towers B range in size from 736 sq. ft. (68 sq. m) to 2,306 sq. ft. (214 sq. m). Residences are fully finished using light colours and have balconies.
Horizon Tower A has 57 floors, and Tower B has 38 floors. The buildings are united by a common podium with several businesses, such as Grandiose Supermarket, Liverpool Nursery, Kozma Curl Salon, Illuminations Well-Being Centre, and Horizons Pharmacy.
The complex provides a variety of amenities and services, including:
- Children’s playground
- Swimming pools for adults and children
- Central air conditioning
- Pet-friendly accommodations
- Concierge services
- Security with video surveillance
- Gym
- Covered parking
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Property Information
- Location Al Reem Island, Abu-Dhabi, UAE
- Developer Tamouh
- Status of Project Ready
- Type of Project Residential Tower
- Units 1-4BR
- Area from 705 sq. ft.
Location
Horizon Towers is located at the intersection of Al Reem Street and Al ‘Oud Street on Al Reem Island. This part of Abu Dhabi is well-developed and offers quick access to important locations throughout the emirate.
The Al Reem Street/Al Zawi Street bus stop and Al Fay Park are situated within a five-minute walk of the buildings. Repton School – Fry Campus, Burjeel Day Surgery Centre Clinic, Shams Boutik, Reem Mall, the Chippy Cafe, and Johnny Rockets can be reached within a 10-minute walk.
The complex is located within a short drive of several popular destinations, including:
- Sorbonne University Abu Dhabi – 5 minutes
- Al Reem Island Central Park – 10 minutes
- Cove Beach and Abu Dhabi Beach – 15 minutes
- Abu Dhabi Cultural District – 15 minutes
- Mushrif Mall – 15 minutes
- Zayed Military Hospital – 15 minutes
- Sheikh Zayed Mosque – 20 minutes
- Abu Dhabi City Golf Club – 20 minutes
- Abu Dhabi International Airport – 30 minutes
Payback
Horizon Towers offers apartments that are suitable for tourists, professionals, and families with children. The Al Reem Island area is well-developed and offers a tranquil waterfront living environment, which attracts investors and long-term tenants.
The return on investment rate for a property in the area is approximately 6.7%. The annual rental rate for a property in Horizon Tower A ranges from AED 49,000 (USD 13,000) to AED 160,000 (USD 44,000), and the annual rental rate for a unit in Horizon Tower B ranges from AED 48,000 (USD 13,000) to AED 115,000 (USD 31,000).
*The price is valid for 2021
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