Kite Residences is a residential building located on Al Reem Island in Abu Dhabi. The project was developed by Nationwide Middle East Properties LLC and includes 126 residential units. Properties include two- to four-bedroom apartments and penthouses.
he 29-story tower provides a variety of amenities, including:
Apartments feature white marble floors, panoramic windows, and functional layouts. Units are equipped with modern kitchens, bathrooms, living rooms, dining areas, and balconies. Some of the apartments also have checkrooms and staff accommodations.
Properties range in size from 1,350 sq. ft (125 sq. m) to 1,820 sq. ft (169 sq. m). The average rental rate for a two-bedroom apartment is USD 24,500 (AED 90,000), and the average rental rate for a three-bedroom apartment is USD 35,000 (AED 128,000).
*The price is valid for 2021
Al Reem is one of Abu Dhabi’s most popular areas among real estate investors. Aldar Properties PJSC is currently developing the area. The island has everything residents need for a comfortable life, including picturesque beaches, restaurants, and shopping centres.
Public transportation is available through the community. There is a bus stop near the complex, and residents can also use cab services.
There are several prestigious schools and kindergartens on the island, such as Mosaic Nursery, Hummingbird Nursery, Playhouse Nursery, and Repton School Abu Dhabi.
For medical services, residents can go to Reem Hospital, and there are local pharmacies that are open 24 hours a day.
Al Aziz Mosque is located near the complex and can accommodate approximately 2,500 people.
Residents can enjoy nearby restaurants and cafes, including Urban Portion Restaurant, Eat and Drink, the Cheesecake Factory, Signature by Sanjeev Kapoor, and Zuma.
For groceries, residents can shop at Almaya and Lulu Express Fresh, which are located near the residences.
Residents can go shopping at nearby malls. Shams Boutik Mall has a wide selection of clothing stores, as well as jewellery and souvenir shops. Abu Dhabi Mall has more than 200 retail stores, a cinema, and a food court.
Qasr Al Hosn is located within a short drive of the complex and features a palace that is an integral part of Abu Dhabi’s history.
Kite Residences offers several profitable real estate investment opportunities. Two-bedroom apartments have an average rental rate of USD 30,000 (AED 110,000), per year, and the return on investment rate for a property is 6%.
*The price is valid for 2021
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