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Wafra Residential Building

Wafra Residential Building
License number: 202302934469

About Wafra Residential Building

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2-3BR Available Units
1,941 Area from
(sq. ft.)
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Wafra Residential Building is an apartment complex located on Al Reem Island, one of Abu Dhabi’s most popular residential communities. The project was developed by Wafra Real Estate and consists of 280 properties spread out over 35 floors.

Residents can enjoy automated lighting, cooling, and ventilation systems, as well as a computerised system for the security and maintenance of the facility.

The building provides a variety of amenities, including:

  • Spacious and comfortable lobby for guests
  • On-site parking
  • State-of-the-art gym
  • Community swimming pool

Properties include two- to three-bedroom apartments. Three-bedroom units have a minimum size of 1,941 sq. ft (180 sq. m), and annual rental rates range from AED 60,000 (USD 16,300) to AED 199,000 (USD 54,100).

*The price is valid for 2021

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Property Information

Location

Wafra Residential Building offers a convenient location on the island of Al Reem. The building is adjacent to several well-maintained highways. Residents typically travel by personal vehicle or cabs. However, public transportation is also available throughout the community.

Residents can take advantage of the nearby marina, as well as a wide selection of local schools, pharmacies, banks, and hospitals.

The island also has several popular cafes and restaurants, including:

  • Finz Restaurant
  • McDonald’s
  • Mercury Cafeteria

Residents can shop at local retail stores and supermarkets, which provide home delivery on select goods.

Reem Central Park can be reached within walking distance of the complex and offers family-friend recreation areas and an abundance of green space.

The community has many well-known attractions and entertainment venues, so residents can enjoy a wide variety of leisure activities.

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Payback

Wafra Residential Building offers properties with a return on investment rate of 5.41%. Residential units can also be rented out to generate a steady income for investors. 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 real estate investors from around the world.

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