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Al Reem Island
Al Reem Island is one of the modern and development projects, and it is characterized by the establishment of many residential and commercial projects on its land, where the value of the construction costs of these projects amounted to about thirty billion dollars, and it is one of the natural islands located about three hundred meters off the northeastern side of the coast, Abu Dhabi And it has a close connection with Abu Dhabi Island, through two bridges connecting these two islands, in addition to this project located about twenty minutes away from Abu Dhabi International Airport.
The importance of the island
This island has received great international attention, because it is one of the first freehold areas in Abu Dhabi, and people with foreign nationalities can purchase any property on this island, based on the application of the long-term leasing system, as the real estate on this island is based on the establishment of Leasing contracts for a period of ninety nine years.
In addition to the possibility to extend and renew this period, it is one of the projects that includes many facilities that are of great importance, such as schools, medical centers, shops for the shopping process, restaurants that provide excellent services, and golf courses, which contain twenty-seven holes, in addition to To premium hotels, resorts, parks and beaches.
The area of the island
Al Reem Island is located on an area of about 6.5 million square meters, and it was expected that this project is able to accommodate a population of up to 20,000 people upon completion.
Developers of the island
Several companies are working on developing this project, and these companies include the following:
- Tamouh Investment Company, it owns a sixty percent stake in this project, and it is one of the projects covered for the Emirates Pearl project, where the first stage of the development process that will get this island has been estimated at about five hundred and forty-five million dollars, it includes the presence of fifteen private housing towers , In addition to another tower for shops and hotels of premium class.
- Sorouh Company, which owns twenty percent in this project, and the Shams Abu Dhabi project is one of the three most important development projects that will be built on Al Reem Island. The cost of this project was estimated at about twenty five billion dirhams, and its area is about twenty five percent, where it reaches It extends to an area of about 14.2 million square feet, in addition to its ability to accommodate about forty-five thousand people.
- Reem Investment Company, which owns twenty percent. The Abu Dhabi Star Project is one of the projects that will be built on Al Reem Island. The cost of this project is estimated at about eight billion dollars. This project accommodates a population of eighty thousand people.