Al Reem Island
Al Reem Island skyline and mangroves seen on the northern side of the island.
Geography
Coordinates24°29′35″N 54°24′25″E / 24.493°N 54.407°E / 24.493; 54.407
Area8.8 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]

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

  1. ↑ "Al Reem Island | Experience Abu Dhabi". visitabudhabi.ae.
  2. ↑ "Al Reem Island, Abu Dhabi, United Arab Emirates - CityFacts". city-facts.com.
  3. ↑ Infrastructure development at Reem Island gathers momentum; AED 520 million grid station project awarded to ABB
  4. ↑ red tape delays Reem Island home deliveries
  5. ↑ 'Handover next month' of Abu Dhabi Sun and Sky flats on Reem Island
  6. ↑ Top UK school comes to Reem Island this September

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

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.