Fay Alreeman by Aldar Properties
About the project
Nestled in the coveted area of Al Shamkha, Fay Alreeman is a prestigious residential project by the largest listed developer in the UAE; Aldar Properties. This development is available exclusively for UAE nationals, and prospective real estate buyers are presented with the opportunity to choose from a selection of 3–6 bedroom villas, from a total of 554 units. The GFA of the properties range from 3,239 sq. ft to 5,360 sq. ft, providing enough living space for large families with children.
In terms of layouts, the villas in Fay Alreeman will boast a private swimming pool, a majlis, a maid’s room with an attached bathroom, and a driver’s room. There will also be a terrace with a bbq area and a garage.
For a more customised look, the master developer is offering buyers the opportunity to choose from three design options for specific villas, including Mediterranean, Modern Arabic and Contemporary styles.
All units are sold unfurnished, however, there is a Premium package available, which includes kitchen and laundry appliances. Potential buyers and investors also have the opportunity to upgrade with premium finishes and a marble staircase, as well as change the floorings in the bedrooms.
Upon completion of the villa development, residents will be surrounded by an array of social infrastructure facilities, such as mosques, schools, community parks, supermarkets, pharmacies, retail areas and more. As the entire Alreeman development aims to promote an active lifestyle in Abu Dhabi, its master plan also includes communal gyms, swimming pools and outdoor fitness areas.
It will take about 10 minutes’ to drive to the following academic facilities; Mohammad Bin Al Qasim School, Al Manara Private School Al Shamkha Branch, Al Qimma School, Wales International School, Alshamkh school, and ADNOC Technical Academy. The nearest nurseries include Teddy bear Nursery — Al Shamkah, Al Dana Private Nursery Al Shamkha, and British Home Nursery Al Shamkha City.
Within a 5-minute drive it is possible to access prestigious medical institutions, including Sama Al Shamkha Medical Center, Dr Mustta, and Al Shamkha Healthcare Center.
A wide range of shops and restaurants and other infrastructural facilities can be found in Makani Mall Al Shamkhah, and Al Shamkha Mall, which are both located no more than 15 minutes’ away by car.
- 5–20 minutes Al Shamkha Mall, Khalifa City, Abu Dhabi International Airport
- 25–35 minutes Sheikh Zayed Grand Mosque, Zayed Sports City, Yas Island
Fay Alreeman is part of Al Shamkha and is adjacent to Sheikh Maktoum Bin Rashid Road, which is one of the main highways in Abu Dhabi. Additionally, there are multiple bus stations that can be found within a 20-minute walk of the future community, such as Al Mazlay St / Al Tawaf St and Al Tawazun St / Al 'Alameen St, among others.
For the ultimate leisure and entertainment experiences, homeowners of Fay Alreeman will be able to visit Yas Island, which is just 25 minutes’ away, and is home to not only a range of record-breaking theme parks, but also houses SeaWorld Abu Dhabi, with the world’s largest aquarium.
Meanwhile, the mainland of Abu Dhabi is located half an hour away by car. Residents of Fay Alreeman can visit the Sheikh Zayed Grand Mosque and Zayed Sports City, which boasts numerous sport venues and courts.
Abu Dhabi International Airport is located within close proximity to the complex, and takes just 15 minutes’ by car to get there.
Due to the rise in demand for luxurious residential complexes and land plots in the Al Shamkha area, the investment in Fay Alreeman has high capitalization potential. That being said, in the case of the first phase of Alreeman, more than 80% of land plots were sold out within a month from the launch date, which proves the ongoing interest from real estate investors in this development.
When buying a villa in this project, you will be able to use it not only as a private residence, but also to generate lucrative income. According to Property Finder, the average annual rental price for a three-bedroom villa in Al Shamkha is AED 110K (USD 30K), as of Q2 2022, and the ROI in this area is set at around 7%.
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Payment planRequest Consultation
- 10% Upon Signing SPA TBD
- 10% Construction Start 31-Aug-23
- 10% Infrastructure Works 50% 30-Apr-24
- 10% Villa super structurecompletion 50% 30-Nov-24
- 10% Villa super structurecompletion 100% 30-Jun-25
- 10% Façade substantialcompletion 28-Feb-26
- 40% Handover 31-Oct-26
- 5% Upon Signing SPA TBD
- 5% Construction Start 31-Aug-23
- 5% Infrastructure Works 50% 30-Apr-24
- 5% Villa super structurecompletion 50% 30-Nov-24
- 5% Villa super structurecompletion 100% 30-Jun-25
- 5% Façade substantialcompletion 28-Feb-26
- 70% Handover 31-Oct-26