The By The Sea Tower was successfully completed in Q4 2020, which means once you have acquired an apartment in this development, you can move in at once, or lease it and start generating income. That being said, the starting rental price for 1-bedroom apartments in similar projects nearby, such as The Bridges by Aldar Properties
, amounts to AED 45K (USD 12.2K) per annum. According to Bayut & dubizzle, Al Reem Island was one of the top most popular areas in 2021, with a 6.64% ROI, which ensures lucrative long-term rental yields.
One of the most attractive benefits of owning an apartment in By The Sea Tower is its easy access to Reem Mall, which is a 20-minute walk away. Scheduled to open in 2022, the first omnichannel mall in the world will feature more than 450 high-end retail stores and 85 cafes and restaurants. In addition, Snow Abu Dhabi, one of the world’s biggest snow parks, will also be located within Reem Mall, with a total of 13 exciting attractions and rides.
Also, we invite you to read our article, why the purchase of real estate Abu Dhabi acts as one of the best options for investment in 2022