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About the Project
Alreeman is an ambitious project by Aldar Properties, who is the largest listed developer in the UAE. The community is a mixed-use residential and commercial development in Al Shamkha,which is just a short drive away from Abu Dhabi International Airport. The gross floor area of residential plots range from 4,036 sq. ft to 8,072 sq. ft. Meanwhile, for commercial land plots spaces vary from 48,438 sq. ft to 75,347 sq. ft, with allowable heights from G+5 to G+7. Both basement and ground floor parking are also permitted. These plots provide an attractive opportunity for designing your own villa or an apartment building.
Available Units
Plots
Features
100% ADM Free Waiver
Nearby Landmarks
Alreeman offers comfortable housing
which has proved to be particularly popular with families. Moreover
since it is situated within close proximity to the airport
it will be perfect for those who travel on a frequent basis. Al Shamkha is a freehold area
meaning that properties at Alreeman are available to foreigners with full ownership property rights. Investing in land to construct a villa or a multi-level apartment building in Alreeman is quite profitable. Considering that as of Q3 2021 the average price-per-square-foot in similar projects by Aldar is AED 317 (USD 86)
and a land plot is priced at a minimum of AED 880K (USD 240K)
means a four-bedroom villa of 3
000 sq. ft can generate an ROI of between 9–10%. This is due to the fact that the starting rental price for properties of this type is about AED 120K (USD 33K) per annum. At the same time
a one-bedroom apartment of 2
000 sq. ft can be leased for AED 32K (USD 9K) per year. In this case
the expected ROI is set to be between 10–12%.
