Real Estate from Aabar Properties

About company

Aabar Properties LLC was established in 2010 and is under the umbrella of Aabar Investments PJS, previously owned by the International Petroleum Company that was established by the government of Abu Dhabi. The primary company specializes in construction as well as investment management within the real estate sector and prides itself on its quality, which can be seen in its developments. Later in 2016, it was acquired by Mubadala Investment due to restructuring.

Even though the company is expanding into Dubai and other parts of the world such as Morocco and Jordan, the current focus is still on Abu Dhabi. Aabar Properties is developing a number of projects to support "Abu Dhabi's Vision 2030". The headquarters of Aabar Properties is located in Abu Dhabi and the company has 30 employees, with all of them working in different areas of the property sector beforehand.

Popular property

Aabar Properties is a leader in commercial and residential developments. One of their most popular projects is Bay Tower; a 46 storey residential building with two to five bedroom apartments located on Corniche street with sea views near Marina Mall. The residential tower has a total of 136 units with allocated parking, a swimming pool, a kid's play area and other communal facilities. The building has all the necessary amenities such as schools, a nursery and hospitals nearby. Rental prices start from USD 28,500 a year.

Another equally popular apartment complex is Al Durrah Tower. The development showcases two buildings with 42 floors each and a total number of 202 one to four-bedroom apartments and penthouses and is part of Marina Square on Al Reem Island. Al Durrah Towers has marina bay views from one corner and community development views from another. The residential complex has parking and a swimming pool as well as restaurants and hotels located nearby. Prices start from USD 27,000 a year.

Lamar Residence is the first waterfront living development at Al Seef Precinct on Al Raha Beach. It consists of 440 properties in total, with one to four-bedroom apartments, two to four-bedroom townhouses and five retail outlets.

The Kite is a residential development with 29 floors and 126 apartments of two and three bedrooms. Exclusive four-bedroom units and penthouses are also available in the complex which is located on Al Reem Island.

Since its establishment, Aabar Properties have developed more than 6,000 units in Abu Dhabi. One of the company’s main focuses at the moment is on Abu Dhabi’s Vision 2030, in which the main areas of development construction works are Al Raha Beach, Al Reem Island, Rawdhat and Saraya. Residential projects such as The Wave and Al Durrah Tower were among the first to be completed in 2013 and 2014 and both projects are located on Al Reem Island.

Lamar Residences was completed in October 2017 and is also located on Al Raha Beach. Developments in Rawdhat and Saraya areas are residential buildings but not as big as previously mentioned. One of the latest and most well-known company projects is Bay Tower in Abu Dhabi city which was completed in June 2019.

It is also worth mentioning that Aabar Properties develop commercial establishments as well. The Curve is a building that houses a number of spaces for retail shops and is located in Dubai on the Sheikh Zayed Road. The company is also building commercial projects in such areas as Al Raha and Rawdhat in Abu Dhabi.

In addition to increasing their presence within the UAE, Aabar Properties is expanding outside the UAE too. For instance, there are three committed projects in Tangier, Casablanca and Rabat, all in Morocco, and a five-star hotel in Jordan. The company also aims to have projects in Europe and China as part of their portfolio. The unique feature of Aabar Properties is that they not only focus on residential and commercial complexes but they also create projects through various collaborations and partnerships.

Why is it profitable to buy property from this developer

Aabar Properties is due to expand its portfolio into the hospitality sector in Dubai towards the launch of Expo 2020. The main areas in their development plans are Business Bay and Al Jaddaf. One of the most promising projects is a five-star hotel on 1st Khaleej Al Tejari Street in Business Bay which will have views of the Burj Khalifa and Dubai Canal. The hotel will consist of 600 rooms, suites and apartments that will all have a contemporary design. In the Al Jaddaf area there will be three hotels of different ratings along with three serviced apartment buildings with views of the Dubai Canal.

The company is not only focused on real estate but is working hard at making customer and investors profits better. There are some benefits of Aabar Properties that investors might want to take into account:

• Even though Aabar Properties is a fairly young company in terms of being established, it has already developed a number of successful projects in Abu Dhabi and Dubai.
• The company plans to expand worldwide and has already started to grow their presence in Jordan and Morocco.
• Aabar Properties has numerous well-developed residential projects with an average return on investments of 7%. For instance, ROI from a property in Al Durrah Tower is a minimum of 6.1% and from Bay Tower it is 9%.