The area is highly sought-after by tenants
Al Reem Island became the top area for apartment rentals during the Q1 and Q2 of 2023. This year it holds the leading position compared to 2022, when the island ranked third in terms of tenant demand. These figures indicate the increasing popularity of the area among individuals looking for a comfortable neighbourhood to live in Abu Dhabi.
Potential tenants choose Al Reem Island based on the following advantages.
- Families are looking for a neighbourhood which offers educational facilities and places to go out and about in the evenings and at the weekends. The area has a number of schools and nurseries that follow the British and American curricula. Reem Central Park and Al Fay Park are within walking distance of some residential complexes and offer children’s play areas and sports courts.
- Business professionals choose residences that are close to their workplace. Al Reem Island can offer developments that include residential and/or commercial properties, including Al Qurm View, Sky Tower, Addax Park Tower, Tamouh Tower, and many others. Within a 10-minute drive from the neighbourhood, there are IT company offices, banks, airline headquarters, hospital buildings, and much more.
- Students come to Al Reem Island to study at Sorbonne University Abu Dhabi, which is the French and English speaking branch of Paris-Sorbonne University.
Due to the strong demand among different categories of tenants, the total number of residents on Al Reem Island has increased. As a result, there is a greater chance for investors to rent out their property profitably.