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Residential complexes to rent to students on Saadiyat Island
Buying a studio or a one-bedroom apartment near a university on Saadiyat Island will allow you to rent out real estate to students and receive a passive income. There are a number of advantages when your tenants are students, including the interest in long-term rental properties for the entire period of study at the university. The guarantor of students’ solvency is their parents, so you don’t have to worry about any delays in payments. You can also specify the rules of accommodation in your tenancy agreement, which will minimise disorder and noise.
One of the most prestigious educational institutions in the capital of the UAE is New York University Abu Dhabi, which is located on Saadiyat Island. Some of the nearby residential complexes that are suitable for student rentals include Soho Square, Park View, The Pearl Residences, Saadiyat Beach Residences and Mamsha Al Saadiyat.
Developments next to New York University Abu Dhabi
Studios and one-bedroom apartments are available for sale in the below-mentioned residential complexes. The main advantages of these developments are their well-developed infrastructure and facilities for young people. For sports enthusiasts, students can go to the gym, use the on-site fitness centres and make use of the swimming pools. Complexes within close proximity to New York University Abu Dhabi also offer parking. All these prestigious projects mentioned below are ready to move in.
Residents of these projects benefit from easy access to the emirate’s major landmarks, including Louvre Abu Dhabi, Manarat Al Saadiyat and the Abrahamic Family House. Travel time to these attractions takes about 5–10 minutes’ by car.
Soho Square is an ultra-modern development, which is designed for the ‘hipsters’ and innovators of tomorrow. Students can hold a meeting or work on a joint university project in trendy cafes that are located on the complex’s territory, and Soho Square also features public art spaces, which encourage a highly social living experience.
The development company of the complex is Bloom Properties, which is well-known for the projects of Bloom Gardens, Faya and Bloom Towers. In Soho Square, the developer has created an atmosphere similar to the renowned Soho district in New York. There are a variety of retail outlets and restaurants that reflect the atmosphere of the New York life within the project.
The complex is located right next to the New York University Abu Dhabi campus, with travel time to the institution taking less than a 10-minute walk. Residents of Soho Square can reach Baytooty Gourmet Bakery and Desire’s Specialty Cafe in just a 5-minute walk, whilst the closest medical institution within a 10-minute walk is Tamara Polyclinics LLC.
The starting price for a studio in the development is a very competitive AED 555K (USD 151K), and a one-bedroom apartment in Soho Square can be purchased for AED 890K (USD 242K). You can rent out a studio in the complex for AED 40K (USD 11K) per year, and a one-bedroom apartment for AED 53K (USD 14K) per year. The expected return on investment is 6–7%.
Park View is a mixed-use development, which consists of two towers with 10 and 11 storeys. Residences come with a contemporary design and all units are equipped with a Smart Home system.
Everything necessary is available within the complex’s territory; for instance a supermarket and a laundry mat are located in the dedicated retail area of Park View. There is also a cosy Cappucci Restaurant & Cafe on the ground floor which will be a great place for meetings and gatherings with friends or other students.
New York University Abu Dhabi can be reached in less than a 5-minute walk from the Park View development. For medical services, residents of Park View can visit Tamara Polyclinics LLC within the same amount of time, whilst the nearest restaurants to the complex include Social lounge restaurant and Mysk.
The minimum cost of a studio in Park View constitutes AED 580K (USD 158K), while a one-bedroom apartment can be purchased for AED 899K (USD 245K). The starting rental price for a studio in the complex is AED 40K (USD 11K) and a one-bedroom residence is AED 55K (USD 15K) per annum. The anticipated return on investment is 6–7%.
The Pearl Residences
The Pearl Residences is a residential development by Nael and Bin Harmal Group, which is located on the water’s edge. The complex provides all the necessary amenities for an energised lifestyle, which is perfect for students. Sports facilities within the complex are presented by courts for squash and tennis, as well as a gym. A multi-purpose room is suited for meetings and interaction between students, and on the weekends, students can organise a barbecue party in the dedicated BBQ zones.
Travel time to New York University Abu Dhabi from The Pearl Residences takes a 10-minute drive. The nearest infrastructure facilities include a Waitrose supermarket, Safina Restaurant and Saadiyat Beach Club, which are all located a 5-minute drive or a 20-minute walk away.
A studio in The Pearl Residences can be purchased at a minimum price of AED 630K (USD 171K), whilst the initial cost of a one-bedroom apartment is AED 1.3M (USD 349K), with the starting rental cost at around AED 65K (USD 18K) per year. The estimated return on investment for a property in The Pearl Residences is 5%.
Saadiyat Beach Residences
Saadiyat Beach Residences is a residential development that consists of six low-rise buildings, which are inspired by Mediterranean and Arabesque architecture. The community is built for those who want to enjoy an active lifestyle against the backdrop of the blue waters of the beach. Students will appreciate the direct access to the pristine white sands of Saadiyat Beach, where they can try their hand at watersports or simply relax and enjoy the weather.
The close-knit complex offers various communal facilities for both rest and communication. For example, there are outdoor seating areas, where residents can gather and learn together in the fresh air, and the cosy cafes and restaurants within the community’s territory are also convenient for meetings. Residents of Saadiyat Beach Residences can reach a pharmacy, a salon and the Waitrose supermarket within walking distance of the development.
New York University Abu Dhabi can be reached in less than 15 minutes’ by car from Saadiyat Beach Residences. Residents of the development who want to indulge in a little luxury can visit The Collection at The St. Regis Saadiyat Island Resort, which offers shopping, dining and entertainment options. Travel time to the resort takes about a 10-minute drive.
A one-bedroom apartment in the development can be purchased at a minimum price of AED 1.8M (USD 490K). The starting rental price of this type of residence is AED 58K (USD 16K) per annum. The anticipated return on investment for property in Saadiyat Beach Residences is 3%.
Mamsha Al Saadiyat
Mamsha Al Saadiyat is a luxury residential complex, which stretches along a superb sandy beach on Saadiyat Island. This means that the residents can enjoy the sun and the sea at any time, barely needing to step over the threshold of their residence.
The residential development consists of nine mid-rise buildings, which are connected by large podiums with plenty of amenities. The complex is suitable for young people and students who will appreciate a large number of social infrastructure facilities. On the lower floors of the podiums, there are cafes and restaurants where you can gather with classmates and arrange brainstorming.
The development company of the project is one of the leading developers in Abu Dhabi — Aldar Properties. The company is well-known for the creation of Yas Mall and Yas Marina Circuit.
Travel time to New York University Abu Dhabi takes about a 15-minute drive from Mamsha Al Saadiyat. Residents of Mamsha Al Saadiyat can also enjoy a packed cultural and entertainment programme, due to the location of the complex in the centre of the Cultural District. They can also visit Saadiyat Grove Experience Center, which can be reached in less than a 5-minute walk.
The initial cost of a one-bedroom residence in the complex is AED 2.9M (USD 776K), which can be rented out at a minimum price of AED 78K (USD 21K) per year. The anticipated ROI for property in Mamsha Al Saadiyat is 3%.
How Can We Help
Agents at Metropolitan Capital Real Estate will provide you with a full cycle of real estate services. We can help you to choose and purchase property in the residential complexes that sits near to New York University Abu Dhabi, on Saadiyat Island. Our company also offers a property management service, in which we provide maximum occupancy of your real estate and resolve tenants’ complaints 24/7. This service includes preparing the residence to rent, tenant screening, a personal pricing strategy, and much more.
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