|AED 250,000||Penthouse||4||6||1||4,605 Sqft||PH22566||Rak Tower||Al Reem Island|
Al Reem Island, 'The Pearl' and 'Emirates Pearl Island', is a residential, commercial and business project to be built on the natural island 600 meters off the northeastern coast of Abu Dhabi Island. Reem Island is connected to the Abu Dhabi city island by 2 or 3 bridges and be located 20 minutes from the Abu Dhabi International Airport.
The Island is being developed by three master developers Sorouh Real Estate (Shams Abu Dhabi Sorouh owns 20%), Reem Investments owns the 20%, and Tamouh Investments owns 60%. One of the first free zones in Abu Dhabi, where foreign nationalities can buy properties as leasehold.
The Island is estimated to accommodate 280 thousand residents and will include important amenities like schools, medical clinics, shopping malls, restaurants, hotels, resorts, spas, gardens, and beaches. Properties that are available in Al Reem Island will be on a extendable 99-year leasehold basis.