Reem Island is a natural island located 600 metres (2,000 ft) off the coast of the Abu Dhabi island. It is a mixed-purpose community with residential, retail, and commercial units. Sorouh Real Estate (now merged with Aldar Properties PJSC), Reem Investments, and Tamouh are independently developing parts of the island with projects like Shams Abu Dhabi.
Reem Developers define the overall dimensions of the project as 2 meters square meters and investment costs as exceeding $30 billion. The project is a free zone, where foreign nationals can buy property on a 50-year leasehold basis. The handing over of units in Al Reem Island was significantly delayed due to a couple of reasons but during the first quarter of 2011, the handing over process began. In March 2013, Repton announced that it would be opening a campus in Al Reem Island, and opened its first location in 2013 and a second location in 2014.
Al Reem Island is a mixed-use, fast-developing area in the northeast of Abu Dhabi, about 1,970 ft. from the mainland of the emirate. Nearby are Saadiyat Island and Al Maryah Island.
Most residential buildings are located in close proximity to the sea and beaches, and provide the opportunity for a resort lifestyle close to all the amenities of a major metropolis. Al Reem Island has a well-developed social and entertainment infrastructure, with banks and commercial facilities. It is a lively area with lots of parks and sports areas.
Al Reem Island became one of the first freehold zones in Abu Dhabi. This has attracted a flood of investment in the development of the area. The main developer of the island is Aldar Properties.
The real estate is represented by high-rise complexes with studios and apartments, and townhouses and villas on the coast. Modern architectural style prevails in the development with the exception of the community of villas in the classic Moroccan and Spanish style.