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Real Estate in Al Reef

A project by Manazel Real Estate, Al Reef is a mixed-use development set on the outskirts of Abu Dhabi. The neighbourhood is categorised into two sub-communities namely Al Reef Villas and Al Reef Downtown. Those looking for family homes can opt for Al Reef Villas, while Al Reef Downtown is perfect to find apartments.

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About Al Reef

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Al Reef

A project by Manazel Real Estate, Al Reef is a mixed-use development set on the outskirts of Abu Dhabi. The neighbourhood is categorised into two sub-communities namely Al Reef Villas and Al Reef Downtown. Those looking for family homes can opt for Al Reef Villas, while Al Reef Downtown is perfect to find apartments.

Considered as one of the first fully integrated residential communities in Abu Dhabi, Al Reef spreads over a million square meters and is designed to house 16,000 residents. It is in close proximity to the Abu Dhabi International Airport and is located just 30 minutes away from the city. Both Al Reef Villas and Al Reef Downtown provide the added benefits of convenience of location to its residents in addition to other pluses of community living.

Al Reef Abu Dhabi is a popular choice among those in search of affordable properties. As per Bayut & Dubizzle’s Abu Dhabi rental trends for 2020, Al Reef is the third most popular community for renting affordable villas.

COMMUNITY OVERVIEW

Al Reef, home to over 15,000 residents, is a pivotal housing project catering to the mid-income bracket of Abu Dhabi’s society. Located on the outskirts of the main island, Al Reef is has grown into an investment hotspot over the years, making a definitive mark in the Abu Dhabi real estate market.

Living in Al Reef is a great choice from a geographic standpoint. Located off the main island, it was the first development exclusively targeted to middle-income earners. There are many advantages to living in Al Reef Abu Dhabi. It is a family-friendly affordable community providing a serene ambience to residents. Prospective renters can have a choice of both apartments and villas. It also provides easy access to many popular areas.

Its prime location near the airport and Al Raha Beach has contributed to its growth into a coveted residential hub complete with a wide selection of parks, health clubs, educational and medical amenities.

PROPERTIES IN AL REEF

Al Reef or as it is sometimes called AlReef is composed of Al Reef Villas and Al Reef Downtown.

There are over 2,000 villas in the Al Reef Villas community. They are set in themes from Contemporary Style, Dessert Style, Arabian Style and Mediterranean Style, with predictable architectural influences from their regions. Villas in Al Reef start from 2-bedroom units and go up to 5-bedroom properties.

On the Al Reef, Abu Dhabi map it shows in the centre of the development sits a collection of residences called Al Reef Downtown. Covering an area of 137,310 square meters, it houses 46 residential buildings with over 1,818 apartments. Apartments in Al Reef feature a large selection of studios, 1 and 2-bedroom units, with a few buildings having 3-4 bedroom flats.

RENTAL TRENDS IN AL REEF

Apartments for rent in Al Reef ranges from AED 37k yearly to AED 110k yearly. Average rents for studios are priced at AED 38k yearly. 1-bedroom apartments for rent ranges between AED 50k per year and goes up to AED 65k per year. Annual rents for 2-bedroom apartments ranges between AED 57k and AED 90k. Those who are looking for larger units can find 3-bedroom apartments for rent at a minimum price of AED 78k yearly.

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