Closed Kitchen · Modern Amenities

The unit offers 1,037 sqft at AED 1.40 M (USD 381,471) which translates to AED 1,350 per sqft – roughly 15% under the internal market benchmark of about AED 1,588 per sqft for Al Reem Island. The internal location score of 74 and overall score of 72 suggest the district remains attractive, driven by ongoing infrastructure and demand for waterfront living. At a gross yield of 7.8% the property appears to generate a solid cash flow. Investors should temper expectations, however, as net yields will be lower after service charges, vacancy and management fees – typically 1–2 percentage points less, implying a realistic net yield of roughly 5.8%–6.8%. The off‑plan status introduces construction‑delay and liquidity risk. With zero days on market the price reflects a developer‑driven discount rather than market validation. Al Mira Real Estate does not have a publicly disclosed credit rating, adding a layer of developer‑credit risk. Nonetheless, Al Reem Island continues to benefit from macro‑tailwinds such as population growth and proximity to new transit corridors, supporting medium‑term appreciation potential.

Lead with conditions, not price. Ask for service-charge clarity, payment-plan flexibility and any developer cash incentives before discussing a discount.

No recent transaction data is available for Al Reem Island, making the near‑term outlook uncertain. Investors should watch macroeconomic trends and upcoming supply developments before making decisions.