About Marina Square on Al Reem Island
Marina Square is located on Al Reem Island in Abu Dhabi and is a multifunctional complex with several residential apartments, penthouses and office premises. In total, the area consists of 14 towers, with 13 residential towers, designed to accommodate about 8,500 people, and one commercial building. Marina Square has 3,440 residential units featuring studio apartments, 1-5 bedroom apartments and luxury 3-4 bedroom penthouses. All the presented properties are available for purchase and to rent. In addition, the area has a well-organized social infrastructure, including a gym, swimming pools, kindergartens and playgrounds.
Al Reem Island, where Marina Square is located, became one of the first freehold zones in Abu Dhabi and has also become the most popular area for foreign citizens in 2020. There are several reasons for this:
- Not all properties in Abu Dhabi are in the freehold zone.
- The development houses a large selection of apartments of different sizes and layouts.
- Offers residences with affordable prices near the center of Abu Dhabi.
- Housing by the sea, which is in high demand in Abu Dhabi.
At the same time, Marina Square has a well-established infrastructure. Excellent transport links connect Marina Square to the center of Abu Dhabi, home to prestigious kindergartens, educational institutions, hospitals, shopping centers and much more. This place is perfect for permanent residence and investment.
The infrastructure of the district
Marina Square is located at the intersection of Hazza 'Bin Zayed The First St and Al Matlaʹi St and has excellent transport accessibility. Nearby is the central part of Abu Dhabi, Al Maryah Island and Saadiyat Island. The road houses its own bus stops Hazzaʹ Bin Zayed St / Marina Square and Khor 'Azeez St / Marina Square, and also has the Helipad helipad. Due to good transport accessibility, you can reach the central part of the emirate in about 10 minutes and Abu Dhabi International Airport in 30 minutes.Marina Square has an excellent social infrastructure as the area has a Playhouse Nursery on Al Reem Island, which operates under the UK EYFS (Early Years Foundation Stage) programme. This means that your child will have a comfortable environment for mental, physical and intellectual development. Within the same area is also a clinic for physiotherapy; Perfect Balance Rehabilitation Center, where you can undergo rehabilitation after a sports injury, sign up for a course of physiotherapy for women's health (preparation for pregnancy, childbirth and postpartum recovery) or enroll in physiotherapy for children with neurological, orthopedic and musculoskeletal diseases.A special attraction of Marina Square is the Al Aziz Mosque, which has a capacity of 2,770 parishioners. The idea of the building, according to the architects, should fit into the appearance of the area, but at the same time become its decoration. A distinctive feature of the facade of the mosque is a special light reflection, where it is painted in different colours at different angles of reflection of the sun's rays. Al Aziz Mosque has been complemented by unique elements, such as the calligraphic Arabic letters on each panel, which are illuminated in the evening. There are also the supermarkets Carrefour Market Paragon Bay, ZOOM and Carrefour Market, National International Holding Bank, Bubble Care Express Laundry LLC Marina Square Bldg. 8 and Modern National Laundry. In addition, there are public car parks on the territory of the district, and for those who like to cycle, there are automatic bike rental stations scattered around the area as well. There are many cafes and restaurants, including First Clique Marina Square Café & Restaurant, PINSANITY – Reem Island and Oxid Cafe.
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Economic attractiveness of the district
In the first half of 2021, Al Reem Island ranked first in terms of the value of real estate transactions in Abu Dhabi as property sales brought in USD 563 million (more than RUB 40,2 billion). Another important feature for foreign investors to consider is that Al Reem Island, where the Marina Square area is located, belongs to a special investment freehold zone, which allows foreign citizens to buy real estate with full ownership. According to Bayut, in Marina Square, 1-bedroom apartments are the most popular among investors, followed by 2-3-bedroom apartments, then studios and larger 4-5-bedroom properties. At the same time, studios and 1-bedroom apartments show the highest ROI – up to 7.7% ROI.
You can rent a 1-bedroom residence in Marina Square from AED 50,000 (USD 13,600) per year. There are also several office premises ranging from 1,238 to 1,938 sq.ft in the Tamouh Tower, which are available for rent at a price of AED 132,000 (USD 35,940) per year.
Offering a huge range of amenities, Marina Square is a great place to invest in Abu Dhabi real estate. The only drawback that can be noted is that while living here, residents may experience congestion on bridges during rush hour, as they connect Al Reem Island with the mainland of the emirate. But this can be observed only during certain periods of the day, otherwise, the movement usually remains smooth.