Balcony · Mangrove View

The unit is listed at AED 1.5 million (USD 408,719) for 902 sq ft, giving a price of AED 1,663 per sq ft – roughly 8% below the internal market benchmark for Al Reem Island. This discount drives the internal overall score to 67 and underpins the underpriced signal. The developer, PSI Assets Real Estate Limited, is listed as a verified network source, but there is no public track record, so developer credit risk is modest. The location score of 74 reflects Al Reem Island’s continued demand from expatriates and investors, supporting a gross yield estimate of 7.5%. The gross yield of 7.5% is attractive in a market where net yields typically sit 1–2 points lower after service charges, vacancy and management fees, implying a realistic net return of roughly 5.5%–6.5%. The property has been on the market for 29 days, suggesting some buyer interest but also enough time to negotiate. However, the lack of comparable transaction volume (sampleSize = 0) limits confidence in the price positioning and future appreciation outlook. Consequently, while the price and yield are compelling, investors should treat liquidity and data thinness as medium‑level risks.

Verify the unit’s official DLD transaction record before committing. Anchor your offer on the 8% price‑per‑sqft discount versus the district median (AED 1,809/sq ft) and the modest 29‑day market exposure – a reduction of 5–10% on the listed price is defensible given the thin comparable data.

With no recent listings or price signals, the residential market on Al Reem Island remains data‑thin. Investors should treat the next twelve months as uncertain and watch for any new supply or policy shifts before committing.