Al Reem Island is a residential, commercial and business project to be built on the natural island of Al Reem Island, located off the north-eastern coast of Abu Dhabi city.
Al Reem Island will cover an area of 633 hectares (68 million square feet) and is being developed by the following three master developers.
Tamouh : Master developer who owns 60% of the Island. Tamouh has not engaged in any advertising or promotional activities. To see more on Tamouh,
Sorouh : Owns 20% of the Island and master developer of Shams Abu Dhabi on Al Reem Island. SO far, Sorouh has been very aggressive in their advertising their project. To see more on Sorouh,
Reem Investments : Owns 20% of the Island and Master developer of Najmat Abu Dhabi. Reem Investments has been engaged in advertising activities and event sponsorships. To see more on Tamouh,
The development of the infrastructure and provision of basic utilities is being managed by Bunya, which was created for this purpose by the three developers. The island is estimated to accommodate 250,000 thousands residents and will include important amenities like schools, medical clinics, shopping malls, restaurants, hotels,resorts, spas, gardens, and beaches. Property available on Al Reem Island will be on a extendable 99-year leasehold basis. Both nationals and expatriates can own property on the island.
Why Reem Island
1- Al Reem Island was selected for development due to its strategic central location with respect to the city of Abu Dhabi, to Saadiyat Island, the future entertainment centre in Abu Dhabi and easy accesses to Abu Dhabi International Airport and Dubai.
2- It is a natural response to the spectacular demand in housing need as a result of strong growth in the population (about 7%) driven by an increase in the local population as well as expatriates required for a booming economy
3- it has been facilitated by the introduction of Abu Dhabi property law which allows GCC nationals to own land and expatriates to own surface property in defined investment zones.
