Onyx Tower is a multi-storey residential complex located on Al Reem Island in Abu Dhabi. The tower has a glass facade, and properties including one- to four-bedroom apartments and penthouses. Units feature large windows with stunning views of the nearby canal and marina.
Apartments are equipped with modern conveniences, and they were constructed using high-quality materials. Units have bright spacious rooms, furnished kitchens, bathrooms, and interiors that feature a laconic European-inspired design.
The project was developed by Sorouh Real Estate Development PJSC. The building offers a wide range of apartments that vary in size and configuration, and penthouses are situated on the top floor. Residents can enjoy a variety of amenities, including:
The cost of renting a one-bedroom apartment starts at USD 12,250 (AED 45,000), per year, and two-bedroom units have a starting price of USD 13,340 (AED 60,000), per year. Three-bedroom apartments have a starting price of USD 25,310 (AED 93,000), per year, and four-bedroom units have a starting price of USD 60,165 (AED 221,000), per year.
The annual rental rate for a penthouse ranges from USD 40,840 (AED 150,000) to USD 82,000 (AED 300,000).
*The price is valid for 2021
Onyx Tower is located on Al Reem Island, one of the fastest-growing areas of Abu Dhabi. The island is located 600 metres from the northeastern coast of the emirate.
Residents can take advantage of a nearby promenade with pedestrian walkways, cafes, restaurants, commercial centres, and trendy boutiques.
Reem Central Park can be reached within a short drive of the complex and features one km of green space. Residents can access sandy beaches within a 20-minute drive of the tower. The centre of Abu Dhabi is located within a 30-minute drive, and Dubai can be reached within a two-hour drive. The island is connected to the centre of the capital by two expressways. Residents typically travel by personal car, public bus, and cab.
The tower is situated within a 15-minute drive of several popular destinations, including:
Onyx Tower is an ideal place to live for families with children. Al Reem Island has become one of the most popular areas in Abu Dhabi due to its well-developed infrastructure and stunning views of the bay. Properties attract investors from around the world.
The average annual return on investment rate for a one-bedroom apartment on the island is 7.2%. Two-bedroom apartments have a return rate of 6.6%, and four-bedroom apartments have a return rate of 5.2%.
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