Jumeirah Village Circle Area Report
Reem Island is a natural island 600 meters off the coast of Abu Dhabi island. Sorouh Real Estate, Reem Investments, and Tamouh are independently developing parts of the island with projects like Shams Abu Dhabi. Reem Developers define the overall dimensions of the project as 6.5 million square meters and investment costs as exceeding $30 billion. The project has gained international interest as one of the first free zones in Abu Dhabi, where foreign nationals can buy property as leasehold. Located off the northeastern coast of Abu Dhabi city, it is a mixed purpose community with both residential and commercial units. The handing over of units in Al Reem Island was delayed due to a couple of reasons but during the first quarter of 2011, the handing over process began.
25 Apr 2017 08:08:45