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ReSales - Abu Dhabi Al Reem Island

Discussion in 'UAE Property' started by soabu, Aug 25, 2008.

  1. soabu

    soabu New Member

    I am currently looking for a buyer for a whole floor in Gate Tower, Al Reem Island Abu Dhabi. Price psf here is 1,625-1,650. In my eyes I believe this to be significantly below market and that the apartments will sell on individually at Cityscape Dubai and in the months until the end of the year for approximately 2,000 psf. This may seem slightly bullish compared to some re-sales on the island; however 2,000 psf still offers a 20% discount to current list price. Certain brokers I am in touch with seem very confident of re-selling individual apartments upwards of 2,500 psf – I think this is a little far fetched though!

    As far as I can see, markets such as Reem Island are wide open to cash rich purchasers who can afford to buy out large premiums and then take a gamble on the secondary market remaining fairly buoyant. If the gamble works, then bulk cash deals can be very profitable!

    If only I had the cash, I would take a deal like this, as well as look at other areas such as Al Reef Villas which will be one of the first freehold developments to complete in Abu Dhabi!

    Does anyone have any feedback as to re-sale experience on Al Reem Island and where you see the secondary market heading in Abu Dhabi??
     
  2. sameer.dada

    sameer.dada New Member

    What do you guys think of HYDRA AVENUE serviced apartments in Abu Dhabi? IS it good ot buy in re-sale? For how much aed per sq ft?

    I've heard prices will jump during cityscape..
     
  3. firasdxb

    firasdxb New Member

    prices will go up for the island by next year ..
     
  4. sameer.dada

    sameer.dada New Member

    firas. thanks for yr input. please elaborate.

    thanks.
     
  5. soabu

    soabu New Member

    premium is very high - AED 9.5m
    completion is early 2011
     
  6. sonofthedesert

    sonofthedesert New Member

    I've got a 423 sq ft serviced apartment with a partial seaview on the 8th floor for 2300/sq ft, if you are interested. Great option if you are looking to be an end-user (i.e. get rental income from it).
     
  7. soabu

    soabu New Member

    what is the completion date?
     
  8. sonofthedesert

    sonofthedesert New Member

  9. mayotom

    mayotom New Member

    Hi Guys

    anybody have any resales available on Reem at the moment, I have clients ready to buy,

    call 0502935447
     
  10. sameer.dada

    sameer.dada New Member

    mayotom,

    hydra heights, the gates tower 2, and amber tower by al qudra. all 1 bedrooms and high floors.
     
  11. Vicks

    Vicks New Member

    I have one in Ocean Pearl, Al Reem.

    I bed approx 1243 sq ft. 6th Floor.
     
  12. mayotom

    mayotom New Member

    What was the Original Price for this, and what price are you looking for, also the views
     
  13. investorppty

    investorppty New Member

    I have Sigma Studio Aprtment, Sea View. Plse PM me if interested
     
  14. mayotom

    mayotom New Member

    Only interested if you are not an Agent
     
  15. investorppty

    investorppty New Member

    Mayotom...No I am nto an agent. Am an overseas investor and would like to sell my property Investment at Abu Dhabi
     
  16. nicefriend

    nicefriend New Member

    how can i send pm
     
  17. investorppty

    investorppty New Member

    I have 15% of a full floor share that i would like to sell if interested...
     
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