Reem Five Residence
About Reem Five Residence
(sq. ft.)
Reem Five Residence is a new residential complex located on Al Reem Island in Abu Dhabi. The project was developed by SAAS Properties and is scheduled for completion in 2022. It offers a tranquil living environment set away from the hustle and bustle of the metropolis.
The complex has a total of 59 residential units, including studios and one- to three-bedroom apartments. Two-bedroom apartments range in size from 1,500 sq. ft. (139 sq. m) to 1,515 sq. ft. (141 sq. m). Units are sold off-plan and feature finished interiors. Panoramic windows offer beautiful views of the Arabian Gulf and the mangroves of Abu Dhabi.
Reem Five Residence provides a variety of amenities, including:
- Rooftop infinity pool
- Fitness centre
- Concierge services
- Charging stations for electric vehicles
- Smart Home systems
- Barbecue area
- Sauna and steam room
- Children’s playgrounds
- Covered parking
- Glazed windows
- Easy access to the beach, parks, and shops
The average price of a two-bedroom apartment is AED 2,370,000 (USD 645,000).
*The price is valid for 2021
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Property Information
- Location Al Reem Island, Abu-Dhabi, UAE
- Units 1-3BR
- Type of Project Residential Tower
- Area from 1,500 sq. ft.
- Handover 2022
- Total Amout of Units 59
Location
Reem Five Residence is located on Al Reem Island, which is part of the Shams Abu Dhabi community. The Al ʹOud Street/Repton School bus stop is situated next to the building, and the Sheikh Zayed Bin Sultan Street highway exit can be reached within a 10-minute drive and provides access to other parts of the city.
Residents can enjoy nearby cafés, restaurants, and grocery stores, such as Be Organic Store, Sweet Street Cafe, Santorini Cafe, Al Maya Mart, and Salla Supermarket LLC, which are located within a 10-minute walk of the residences.
Reem Central Park and Body Project UAE can also be reached within a 10-minute walk of the complex.
Residents can take advantage of local nurseries and schools. Repton School – Rose Campus is located across the road from the complex, and Hummingbird Nursery can be reached within a 10-minute walk.
For medical services, Burjeel Day Surgery Centre and Reem Hospital are situated within a 10-minute drive of the complex.
Reem Five Residence is also located within a short drive of several popular attractions, including:
- Pocket Park – 5 minutes
- Cove Beach and Carrefour Reem Mall – 10 minutes
- Warehouse 421 Art Gallery – 15 minutes
- Eastern Mangrove National Park – 15 minutes
- Mushrif Mall – 15 minutes
- Khalifa University and Al Hosn University – 20 minutes
- Corniche Beach – 20 minutes
- Abu Dhabi City Golf Club – 20 minutes
- Abu Dhabi International Airport – 30 minutes
Payback
Reem Five Residence offers a wide variety of accommodations and provides an ideal living environment for professionals, couples, and families with children. The area features parks, beaches, and other amenities, which attract long-term tenants.
Properties in the area have a return on investment rate that can reach 8.7%, and the annual rental rate for units can range from AED 35,000 (USD 10,000) to AED 200,000 (USD 54,000).
*The price is valid for 2021
Similar Projects
Metropolitan Premium Properties
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Office 706, 707. Danet.
Guardian Towers. Abu Dhabi
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