Hydra Avenue Towers
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Hydra Avenue Towers

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About the project

Hydra Avenue Towers is an apartment complex that is part of the City of Lights community, located in the center of Al Reem Island. The developer of the development is a private company called Hydra Properties. The first phase of construction was completed in 2011 and the entire project will be commissioned by May 2022.

The complex consists of six residential buildings of different heights which are connected to each other by a 5-storey gallery with public spaces. A total of 384 residential units and 1,908 commercial properties have been constructed here. The complex offers exclusive studios and apartments with 1, 2, 3 bedrooms.

All rooms in the apartments are fully furnished and all have modern finishing. The units are equipped with a kitchen, new plumbing and air conditioning system and panoramic glazing. The windows have a great view overlook the Persian Gulf and the surrounding public park.

The complex has 24-hour security and video surveillance, a fully-equipped gym, a swimming pool, underground parking, play and sports grounds, retail stores and cafes, restaurants and barbecue areas, tennis court, as well as hiking and biking trails.

The landscaped area of the community has walking areas, a kindergarten, a school, a park and a mosque.

Apartments living areas start from 88 sq. m (947.2 sq. ft). Prices start from AED 640,000 (USD 174,242).

Location

The north-eastern part of the city of Abu Dhabi is located 600 meters from Al Reem Island. Al Maryah Island Bridge leads to the mainland, as well as Al Reem and Al Falah Streets.

Abu Dhabi International Airport is a 30-minute drive away.

Supermarkets, retail stores, and the Central Park Al Reem are all within a 5-minute walk from the complex.

WithIn 5-7 minutes by private vehicle, it is easy to reach Abu Dhabi Mall, Galleria Mall and Shams Boutik Mall.

Mangrove National Park can be reached in 15 minutes.

The island offers upscale restaurants, beauty salons, hotels, entertainment and sports venues.

The nearest schools and development centers are Mosaic Nursery, Playhouse Nursery, Repton Abu Dhabi School.

Near the complex are the following medical centers – Aster Clinic, Oasis Medical Centre and Kaya Skin Clinic.

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Return on investment

The average return on investment from the apartments is 7.2%.

The rental price of one-bedroom apartments costs from AED 52,000 (USD 14,157) per year.

Property tax is 5% – AED 2,600 (USD 708) and maintenance of the complex starts from AED 4,850 (USD 1,320) per year.

Net income of AED 44,550 (USD 12,129).

The island’s developed infrastructure, close proximity to Abu Dhabi, as well as the area’s private and safe existence will increase the value of the housing market in the coming years.

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