Mangrove Place on Al Reem Island

Mangrove Place is a residential development in Shams Abu Dhabi, Al Reem Island. The building has staggered terraces and balconies and is adjacent to the prestigious Sky Tower. The project was developed by Federal Properties Limited and was completed in May 2013.

ABOUT MANGROVE PLACE

About the project

The residential building has a total of 481 units across 29 floors, and offers 1-3 bedroom apartments, 3-bedroom townhouses and a 6-bedroom penthouse with beautiful views of sea and canal. Residences in Mangrove Place were planned in such a way that each apartment has an abundance of natural light. Due to the unique architectural style of the building, every housing unit has access to a balcony, terrace or both. The European-styled residences have spacious layouts with property sizes ranging from 600 sq. ft to 3,805 sq. ft. There are fully equipped kitchens in all units which also include high-spec Italian appliances.

Apartment units have one or two allocated parking spaces in the basement, while residents of townhouses have two parking spaces that are directly connected to their homes. Amenities of Mangrove Place include a laundry service, round-the-clock maintenance and security, a prayer area, restaurants, valet services and more. The reception desk in the building is accessible at any time and can help assist residents with almost any request. Residents of Mangrove Place can enjoy various facilities on the territory of the complex such as a luxurious swimming pool, jacuzzi, BBQ area, fitness club, sauna and children’s play zone.

Gallery

yas island

LUXURY PROPERTY ON

Al Reem Island

BEACHFRONT GOLF COURSE
PREMIER HOTELS AND RESIDENCES
WHITE SANDY BEACHES
WORLD-CLASS EDUCATIONAL OFFERINGS
Two bridges connect the island of Al Reem to the mainland: one of them is laid from the city of Abu Dhabi, the other - from the island of Al Maryah Island.

Al Reem Island is home to several prestigious schools and kindergartens, such as Mosaic Nursery, Hummingbird Nursery, Playhouse Nursery and Repton School Abu Dhabi.

The medical infrastructure here is also quite well developed. Al Reem Island has a Burjeel Hospital, and there are a number of pharmacies in the area that residents and visitors can easily find.

There are several religious sites on the island, including the Al Aziz Mosque, which accommodates more than 2,500 worshippers. The nearest church and Buddhist temple are located in the surrounding area, just a 20-minute drive from Al Reem Island.

You can check all our properties for sale on Al Reem Island here.

Property prices

Properties in Mangrove Place include apartments, townhouses and penthouses and real estate here is freehold.

The starting price for a 1-bedroom apartment in the residential complex constitutes AED 570,000 (USD 155,200).

The sale price of a 3-bedroom townhouse is AED 2,500,000 (USD 681,000).

The sale price of the 6-bedroom penthouse is AED 7,600,000 (USD 2,070,000).

Location

The Mangrove Place residential development is located in Shams Abu Dhabi, Al Reem Island which is close to Al ‘Oud Street. The nearest bus stop to the complex is Al ʹOud St / Gate Towers with 65, 67 and 71 routes. The residential project has easy access to the center of Abu Dhabi through Hazza’ Bin Zayed The First Street, which can be reached in 5 minutes’ by car. Travel time to Abu Dhabi International Airport will take less than a 35-minute drive and the neighbouring districts include Saadiyat Island and Al Maryah Island.

The following infrastructure amenities are within a 10-minute walking distance from Mangrove Place:

  • Sorbonne University Abu Dhabi.
  • Shams Boutik is a popular shopping destination for residents of Al Reem Island.
  • Medical facilities: Burjeel Day Surgery Center and Movement Therapy Studio.
  • Pharmacies: Sky Community Pharmacy and Burjeel Al Reem Pharmacy.
  • Supermarkets: Al Maya Supermarket, Waitrose, Daily Mini Mart Food and SPAR EXPRESS.
  • Parks: Reem Green Park, Pocket Park and Gateway Park.
  • National General Insurance Company.

As the location is in one of the fastest-developing districts of Abu Dhabi; Al Reem Island, residents of the Mangrove Place complex will benefit from various attractions and the excellent infrastructure of the island. One of the most well-known landmarks of Al Reem Island is Al Aziz Mosque, which is one of the largest mosques in the emirate and has a capacity of over 2,500 worshippers. Another popular place among residents and visitors of the district is Reem Central Park, which offers fountain features, al fresco dining, a skateboard park, 4 multi-sports courts and much more.

The development of the Al Reem Island area continues, therefore new facilities and residential complexes are expected in the future. For instance, SAAS Properties recently launched a couple of new residential projects, including Reem Five and Reem Nine on the island.

Economic attractiveness

Purchasing apartments in Mangrove Place is a profitable investment due to the strategic location of the residential complex on Al Reem Island and its close proximity to all the necessary infrastructure amenities. The starting rental price for a 1-bedroom apartment with 2 bathrooms in the development constitutes AED 46,000 (USD 12,600) per annum, therefore, the estimated ROI is 8%.

Our agents will help you to choose, purchase and rent out your property in the Mangrove Place residential complex. We will also take care of all the formalities and paperwork that is associated with buying property in the emirate of Abu Dhabi. Considering the fact that the Al Reem Island area is still developing, residential property prices in the area will continue to rise as new infrastructure facilities appear on the island. Specialists at Metropolitan Capital Real Estate Company will help you to create long-term income from your purchased property with the help of our property management service, as well as assisting in the resale of the property on more favourable terms in the future.

YOU CAN GET A FREE CONSULTATION

Let us tell you more
Download brochure
Brochure will be automatically sended on your email. Please provide valid email address.