Lamar Residences is an already completed project implemented by Nine Yards in Al Raha Beach district, Al Seef precinct. The newly established development company, formed as a result of cooperation between Ethmar International Holding and Al Nahda International Holding, has already proved itself in the real estate market with an impressive project called Sea La Vie.
The new complex of Lamar Residences overlooking Al Raha Creek enjoys all the privileges of being located in this coastal neighbourhood. The community will suit those who want to experience waterfront living but still have access to advanced infrastructure and excellent transport connections.
The property comprises 1–3 bedroom apartments, luxury 3–4 bedroom duplex penthouses, and townhouses with direct access to the seaside promenade. There are a total of 435 units with living spaces ranging in size from 940 sq. ft to 5,700 sq. ft spread across four 10-storey towers. The residences feature functional floor plans and stylish minimalist design, and nearly every type of property includes balconies or spacious private terraces with unobstructed views of the bay.
The development includes a common podium that connects the towers and provides space for exclusive amenities and commercial facilities. Owners at Lamar Residences will be able to enjoy a rooftop swimming pool and lush green recreational areas. Furthermore, there is a gym and terrace gardens at resident`s disposal, while families with children will appreciate a children's club and a game room.
In addition to the residential units, the complex will have commercial areas on the first floor. The availability of all necessary infrastructure, including cafes and retail outlets, right within the building, makes it even more comfortable to live in.
Lamar Residences is an already completed project and all units are ready to welcome future owners. The developer offers an affordable payment plan with a down payment of only 20% of the property value.
The prices of 1-bedroom apartments start at AED 1.2 M (USD 327K), while gorgeous 4-bedroom penthouses can be purchased for AED 3M (USD 817K).
Luxury Property On
Al Raha Beach
It is convenient to get around the neighbourhood by public transportation, with the nearest stop Al Rahah St / Al Raha Creek located right next to the residence. However, quick access to Al Rahahah St and Sheikh Zayed Bin Sultan St will allow the owners of Lamar Residences to travel throughout Abu Dhabi and ensure even more opportunities to work, socialise and entertain. Thus, Yas Island or Abu Dhabi International Airport are only 15 minutes away by car, and the cultural cluster on Saadiyat Island is within 25 minutes.
Al Raha Beach is a neighbourhood stretching 11 km along the bay, with beautiful embankments, hotels and beaches. There are several sub-communities in the area and Lamar Residences is located in one of them, namely Al Seef. It is a small cluster of islands connected by distinctive pedestrian bridges and waterfront promenades.
The district is quite well developed and has everything for daily needs. Residents will be able to buy all the essentials in West Alliance Baqala Supermarket, Al Bahor Mini Mart and Viva, which are all located within a 10 minute walk. More shopping opportunities are waiting just a 10 minute drive away in Al Raha Mall or Al Muneera Beach Plaza. There are also licensed liquor stores in the area, such as Drinks & Delights — Al Raha.
The closest healthcare centers are Tajmeel Specialized Medical Center and HealthPlus Family Clinic — Al Bandar, which are both located not more than 7 minutes by car. For families with children it will be especially valuable to know that the neighbouring Khalifa City offers a wide variety of educational institutions. These include: Odyssey Nursery — Khalifa City, Treehouse Nursery Abu Dhabi, Emirates Schools Establishment — Abu Dhabi, Raha International School, Gardens Campus, Al Shohub Private School, Italian International School — Khalifa City and GEMS American Academy — all can be reached in less than 10 minutes by car.
For a quick meal outside the complex residents can visit White Calorie Café or The Bench, while a nice dinner with a spectacular view can be enjoyed in Al Bandar Marina, renowned not only for its water activities provided by Halla Walla Water Sports Club, but also for a panoramic restaurant Ornina Arabian Lounge. There are more exquisite restaurants serving a variety of cuisines at Al Raha Beach Hotel, located in a 10-minute drive from the property.
The Lamar Residences complex is nested in the peaceful but well-developed area of Al Raha Beach, the main advantage of which is its coastal location. As a real estate development boasting a direct access to the waterfront promenade, it will always be in demand among tenants. Therefore, if you decide to buy a property in Lamar Residences in order to generate rental income, you can count on a rapid payback. The return on investment for a 1-bedroom apartment in Lamar Residences is 5.9% with an average rental price of about AED 70K (USD 19K) per month. However, 3-bedroom apartments are the most popular in the area, with rental rates around AED 150K (USD 41K) per month, the ROI reaches 6.4% per annum. Further development and improvement of the area will positively affect the demand for real estate in Lamar Residences. The efficient transport network, proximity to the major highways and iconic attractions of Abu Dhabi will ensure the popularity of the complex among buyers and tenants.
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