Al Reem Island

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Reem Island (Arabic: جزيرة الريم) is a natural island 600 metres off the coast of Abu Dhabi island. 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 [1] define the overall dimensions of the project as 6.5 million square metres 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 on a 50 year leasehold basis.

Located off the northeastern coast of Abu Dhabi city, it is a mixed purpose community with both residential, retail and commercial units. The handing over of units in Al Reem Island was significantly delayed due to a couple of reasons[2] but during the first quarter of 2011, the handing over process began.[3]

In March 2013, Repton announced that it will be opening a campus in Al Reem Island, and opened its first location in 2016 and a second location in 2018.[4]

Reference List[edit]

Coordinates: 24°29′35″N 54°24′25″E / 24.493°N 54.407°E / 24.493; 54.407