A “gateway to luxurious living and promising returns”, Oasis Residences offers buyers a turnkey opportunity. Spanning 50 contemporary apartments across seven floors, there’s a rooftop to admire the scenic sea and city views, plus easy access to amenities, schools, and transport.
JamesEdition talked to LLJ Asset Management about the ideally positioned development. The leading Abu Dhabi real estate agent has almost two decades of experience across property sales, leasing, and management.
Oasis Residences, Al Reem Island, Abu Dhabi
Deluxe Waterfront Units: A Closer Look at Oasis Residences in Abu Dhabi’s Real Estate Boom
Apartments at Oasis Residences can be purchased with 0% commission and boast meaningful returns potential. Three payment options are available: cash, mortgage, or rent to own in five years.
Situated on Al Reem Island, choose from one- to three-bedroom units. Whichever you opt for, enjoy first-rate communal facilities ranging from a high-quality gym and parking to an infinity pool and a Jacuzzi. Children are well-catered for, too: A separate pool and an internal play with a tennis table and more.
Prime Location for Ultimate Convenience
Oasis Residences occupies a sought-after address on Al Reem Island – a strategic setting close to Central Park and a two-minute drive from Repton School. Residents can enjoy upscale living and a serene environment in a small building with diverse shared amenities.
The natural island lies 600 meters off the northeast coast of Abu Dhabi. Connected to the city via bridges, it’s home to an array of commercial, retail, and residential developments, including the iconic Gate Towers. Sorbonne University and Saadiyat and Al Maryah Islands are also nearby.
Abu Dhabi International Airport is just 30 minutes away, and there’s easy access to Cleveland Clinic, Al Reem Mosque, and a trio of malls – Shams Boutik, Galleria, and Reem.
Deluxe Units Overlooking the Water With Premium Features
One-bedroom apartments range from 817-850 square feet and start at 1.1 million AED (approximately $299,505); two-beds are 1,259 square feet and listed from 1.9 million AED (around $517,325); and three-bedroom residences are 2,180 square feet and priced from 2.7 million AED (about $735,150). All overlook the water and glittering skyline.
For something a little more spacious, why not go for a three-bed duplex – “Sky Villa” – covering a whopping 5,126 square feet and on the market from 5.8 million AED (approximately $1,579,205)? Three-bedroom offerings come complete with maid’s/driver’s quarters.
Kitchens are open (or partially) and have quality integrated appliances, while bathrooms boast top-class fixtures and fittings by Villeroy & Boch, and Grohe. Meanwhile, bedrooms have high-spec storage systems and spacious balconies to enjoy the fabulous panoramas.
Abu Dhabi’s Growing Real Estate Sector
Abu Dhabi has a stable housing market with moderate price fluctuations; trends in Dubai are being used to forecast what will happen in 1-1.5 years.
In 2023, Abu Dhabi experienced a massive 94% increase in real estate transactions at the construction stage, compared to the year before. Al Reem Island accounted for 23%, behind only Yas Island.
Furthermore, off-plan real estate transaction volumes in Abu Dhabi skyrocketed 108%, from $0.6 billion in 2022 to $1.25 billion in 2023.
The benefits to foreign buyers are myriad: zero income tax on rental earnings, and capital gains, dividends, and inheritance are tax-exempt. It’s worth noting there’s a 2% property transfer fee when buying and selling.
Other advantages include explosive rental demand 3-4 months before regular large-scale events like the Formula 1 Grand Prix and UFC competitions.
With that in mind, it’s deemed preferable to buy rather than rent. Other pros include building long-term wealth and value, cost efficiencies, fixed monthly payments, and the ability to customize and decorate your home as you see fit.
Alongside that, foreign buyers and expatriates may be eligible for a Golden Visa, if they invest in UAE residential properties worth at least 2 million AED (approximately $544,550) – across one or more units.
When granted, a UAE Golden Visa gives foreigners the right to live in the country for a decade, with the renewal possibility. Moreover, applicants are allowed to bring family and domestic helpers with them.
Live In the Heart of Al Reem Island
Oasis Residences offers an enviable locale, high-end living, diverse amenities, and attractive return on investment potential. To find out more about this outstanding opportunity, contact LLJ Asset Management by email, or phone +971 50 617 0688.