Mangrove Place
About Mangrove Place
(sq. ft.)
Mangrove Place is a state-of-the-art residential complex located in the Shams community of Abu Dhabi on Al Reem Island. The project was developed by the New Zealand-based construction company Federal Properties Limited, and it was completed in 2013.
The complex consists of 29 floors, and properties include one- to four-bedroom apartments and townhouses. Units were designed using a European style with high-quality finishes, and large windows offer an abundance of natural light and beautiful views of the Arabian Gulf, mangrove forests, and downtown Abu Dhabi. Townhouses feature balconies and terraces, and units have built-in kitchens with Italian appliances and spacious living areas.
Mangrove Place provides a variety of amenities, including:
- Central air conditioning
- Fitness centre
- Children’s playground
- Barbecue area
- Swimming pool
- 24-hour security with video surveillance
- High-speed elevators
- Covered parking on the basement level
- Concierge and valet services
- Retail outlets on the first floor
One-bedroom apartments have a minimum size of 56 sq. m (600 sq. ft.), and townhomes have a minimum size of 204 sq. m (2,200 sq. ft.). The purchase price for a one-bedroom apartment starts at AED 575,000 (USD 157,000).
*The price is valid for 2021
Buy Property in Mangrove Place
Mangrove Place, Al Reem Island
Listing by
Emad Alqaisieh
Mangrove Place, Al Reem Island
Listing by
Fady Keriakos
Mangrove Place, Al Reem Island
Listing by
Raghad Rabah
Mangrove Place, Al Reem Island
Listing by
Metropolitan Capital Real Estate
Property Information
- Location Al Reem Island, Abu-Dhabi, UAE
- Status of Project Ready
- Type of Project Residential Tower
- Units 1-4BR
- Area from 600 sq. ft.
Location
Mangrove Place is located next to the prestigious Sky Tower, and it is situated near Saadiyat Island and Al Maryah Island, which offer vibrant communities with an abundance of nature, as well as residential and commercial buildings. The area surrounding the complex has public transportation, including buses and cabs; however, residents prefer to travel by personal car.
For groceries, Waitrose can be reached within a 22-minute drive of the complex. Residents have easy access to local supermarkets, seaside cafes, and restaurants, such as Al Maya Supermarket, Smoking Doll, Beachside Café, La Brioche, Hanoi Naturally, the Kettle Corner, and First Clique.
Hassan Ibn Thabit Mosque, Khalifa Park Mosque, and Ibn Taymiyyah Mosque are located near the complex. The Gate Towers and Al Durrah Tower are located within a 10-minute walk.
Mangrove Place is situated within a short drive of several popular attractions, including:
- Mangrove National Park – 10 minutes
- The Galleria and Boutik Mall – 10 minutes
- Abu Dhabi National Theatre – 13 minutes
- Corniche Beach – 16 minutes
- Louvre Abu Dhabi and Zayed National Museum – 16 minutes
- Sheikh Zayed Grand Mosque – 18 minutes
Payback
One-bedroom apartments are the most popular properties at Mangrove Place. Annual rental rates range from AED 50,000 (USD 14,000) to AED 140,000 (USD 38,000), and units have freehold status.
One-bedroom apartments at Mangrove Place have a return on investment rate of 8.2%, and two-bedroom apartments have a return rate of 8%. These figures are indicative of highly profitable real estate investments.
*The price is valid for 2021
Similar Projects
Metropolitan Premium Properties
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Office 706, 707. Danet.
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