| |
Geography | |
---|---|
Coordinates | 24°29′35″N 54°24′25″E / 24.493°N 54.407°E |
Area | 8.8 km2 (3.4 sq mi) |
Administration | |
Demographics | |
Population | (as of 2015) 13,941 |
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]
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]
| |
Geography | |
---|---|
Coordinates | 24°29′35″N 54°24′25″E / 24.493°N 54.407°E |
Area | 8.8 km2 (3.4 sq mi) |
Administration | |
Demographics | |
Population | (as of 2015) 13,941 |
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]
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]