Al Reem Island

24°29′35″N 54°24′25″E / 24.493°N 54.407°E / 24.493; 54.407Area8.8 km² (3.4 sq mi)AdministrationDemographicsPopulation(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]

Development

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]

References

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