Al Reem Island
Reem Island (Arabic: جزيرة الريم) is a natural island located 600 metres (2,000 ft) off the coast of the Abu Dhabi island. It is a mixed-purpose community with residential, retail, and commercial units.[1] As of 2015, Al Reem Island's population is at 13,941 people with the population density being 1,579/km2.[2]
Development
Sorouh Real Estate (now merged with Aldar Properties PJSC), Reem Investments, and Tamouh are independently developing parts of the island with projects like Shams Abu Dhabi. Reem Developers[3] define the overall dimensions of the project as 2 meters square meters and investment costs as exceeding $30 billion. The project is a free zone, where foreign nationals can buy property on a 50-year leasehold basis.
The handing over of units in Al Reem Island was significantly delayed due to a couple of reasons[4] but during the first quarter of 2011, the handing over process began.[5]
In March 2013, Repton announced that it would be opening a campus in Al Reem Island, and opened its first location in 2013 and a second location in 2014.[6]
References
- ^ "Al Reem Island | Experience Abu Dhabi". visitabudhabi.ae.
- ^ "Al Reem Island, Abu Dhabi, United Arab Emirates - CityFacts". city-facts.com.
- ^ Infrastructure development at Reem Island gathers momentum; AED 520 million grid station project awarded to ABB
- ^ red tape delays Reem Island home deliveries
- ^ 'Handover next month' of Abu Dhabi Sun and Sky flats on Reem Island
- ^ Top UK school comes to Reem Island this September
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24°29′35″N 54°24′25″E / 24.493°N 54.407°E / 24.493; 54.407