Park View
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Park View

Buying Property in Park View

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About the project

Park View is an apartment complex located on Saadiyat Island in Abu Dhabi. The developer is Bloom Properties. The uniqueness of this project is the building’s glass façade, which emphasizes its beauty.

Residents have access to a large underground parking lot. Other advantages in the complex include the presence of several high-speed elevators and 24-hour security service. Concierge services are available in the lobby.

On the site of Park View is a modern gym, steam room, sauna, swimming pool and children’s playground. Residents have easy access to the beach. The balconies of Park View offer beautiful views of the Persian Gulf.

There are 207 residential apartments and 217 hotel apartments with quality finishes and modern facilities. Units are available for purchase from 530 to 1,274 sq. ft (49 to 118 sq. m) in size. Property prices start at AED 599,000 (USD 163,000) and range up to AED 2,500,000 (USD 680,000).

Location

Park View is located in close proximity to the New York University campus in Abu Dhabi. There are many cultural and entertainment facilities available on Saadiyat Island. There are a large number of stores, residential complexes and business centers there. And there are many beaches for recreation.

At present, the public transport near Park View is limited. This is due to the fact that the area is under construction. The nearest public transport stop is located 25 minutes away from Park View.

Within walking distance of the apartments are several popular restaurants and cafes including The Marketplace, Escape from New York Pizzeria and Blacksmith Coffee.

Bluemart, Lulu Express and Spinneys supermarkets are located near the complex.

On the island of Saadiyat is the kindergarten Redwood and an international boarding school, which is considered one of the best educational institutions of Abu Dhabi, Cranleigh School.

However, at the moment, there are no clinics or hospitals on the island. Only a pharmacy and a cosmetics clinic are in close proximity to Park View. The closest medical facility is a 20-minute drive away, the world-renowned, Cleveland Clinic.

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Payback

Buying apartments at Park View provides a return on investment of about 6%. Annual rent for an apartment in this complex ranges from AED 40,000 to 148,000 (USD 11,000-40,000). Investment in real estate will pay off within 16-18 years.

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