Olive Building by Fab Properties

Olive Building is a residential complex in Abu Dhabi by the Fab Properties developer, which was handed over in 2020. The project stands out with an unusual design as the spherical floors are placed on a high podium. The external modern architectural style also influences the layout of the properties inside the building. What makes the Olive Building unique, is its apartments have rooms without corners with panoramic glazing along the walls.

ABOUT OLIVE BUILDING

About the project

The development offers 1, 2 and 3-bedroom apartments for sale, with property sizes ranging from 864 sq. ft to 2071 sq. ft. The interior design consists of natural materials such as porcelain stoneware and veneer.

The apartments are equipped with kitchen appliances and built-in wardrobes, and the balconies are separated from the rooms by sliding doors. Several residences in Olive Building also have access to open terraces with gorgeous views of the sea bay, and each apartment is provided with one parking space in the complex.

Olive Building is a residential complex with new air conditioning and water supply systems, as well as new fire extinguishing systems and smoke detectors. The safety of residents is ensured through round-the-clock security and video surveillance.

There is a gymnasium on the ground floor of the building and there is a temperature controlled swimming pool on the roof of the podium. Residents will also enjoy the recreation area with sun loungers and awnings which will provide much needed shade in the hot summer months. Olive Building offers a calm atmosphere with an abundance of plants. In addition, other amenities in the form of a sauna and a children's pool are available as well.

Project price

Olive Building offers new apartments with prices starting from AED 1,050,500 (USD 286,000). The rental prices for residences in the complex range from AED 85,000 (USD 23,000) to AED 160,000 (USD 43,500) per year.

Gallery

yas island

LUXURY PROPERTY ON

Al Raha Beach

BEACHFRONT GOLF COURSE
PREMIER HOTELS AND RESIDENCES
WHITE SANDY BEACHES
WORLD-CLASS EDUCATIONAL OFFERINGS
Al Raha Beach is a subdivision of Al Raha district in Abu Dhabi. It spans 11 km along coastline and adjacent to Khalifa City A, new residential suburb of Abu Dhabi.

Opposite the shoreline Al Raha Beach is limited by Highway E11 – a road to Dubai. Also, it has Yas Island and Abu Dhabi International airport at its neighborhood. Al Raha Beach de-lux development belongs to Aldar Properties company, one of the major foremost authorities in real estate market of Middle East.

The district covers 5,2 mln m2 and intended to accommodate about 120.000 residents in 3000 properties.

Flagship communities of Al Raha Beach comprise Al Bandar, Al Muneera and Al Zeina. Besides, there are Muzoon Building and Lamar Residence.

You can learn more about available properties on Al Raha Beach here.

Location and features

The Olive Building residential complex is located along Al Raha Beach in the emirate of Abu Dhabi, where plenty of water activities are available for the residents of the apartments. There are several parks around the building such as GEMS Park and Zeineera Park with fully equipped children's playgrounds and sports grounds.

Olive Building has a convenient transport interchange, and is near to the road leading across the bridge to the island of Al Muneera. Within a 5-minute drive is Al Raha Street, from which there is an exit to the Sheikh Zayed Bin Sultan highway, where you can reach beaches and plenty more infrastructure facilities. Travel time to the closest beach, Al Zeina, will take a 15-minute drive.

The residential complex is ideally suited for families with children due to the large number of kindergartens, schools and development centers close by. Within a 10-minute walking distance one can find Yellow Submarine Nursery and Coastal Safety International - Sea School. There is also the Little Smarties Nursery, Odyssey Nursery, Stepping Stones Nursery, Canadian International School, Al Shohub School, Ryan International School and Raha International School in close proximity to Olive Building.

The nearest medical institutions to the building comprise Al Noor Hospital Medical Center, Avivo Hospital National Hospital and Burjeel Medical Centre.

Restaurants and cafes within a 5–10 minute walking distance are Sushi Counter, Jones The Grocer, Dandana Gourmet Restaurant, Pizza Di Rocco, and Zaatar w Zeit. Kingston 21 which specializes in Jamaican cuisine is also situated near the complex.

Residents of Olive Building will benefit from a large selection of shopping malls within just a 10-minute drive away. These include Al Raha Mall, Yas Mall, My City Centre Masdar, Central Mall and Garden Plaza.

Investment attractiveness

Real estate in the Olive Building, which is located in the popular Al Raha Beach area, is profitable in terms of investment. Al Raha Beach is one of the most attractive areas of Abu Dhabi for investors and the highest payback percentages are regularly recorded here. The average ROI of 6.8% per annum is calculated based on the profit from renting out real estate for AED 75,000 (USD 20,500) per year.

Apartments in the new Olive Building are in high demand among tenants, as the residential project has convenient transport accessibility and a strategic location near plenty of infrastructure facilities. The residential project is suitable for many different people, including business professionals, tourists and families.

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