Salah Al Jneibi, one of the first residents
First residents move into Azure Al Reem
ABU DHABI, August 25, 2019
Abu Dhabi’s vibrant new residential complex at Azure Al Reem has welcomed its first residents, as the new community takes shape.
Reem Island is one of the fastest growing neighbourhoods in Abu Dhabi. The unique payment options offered by Azure Al Reem’s project developer Al Masaood Developments has proved popular with young people trying to get a foothold on the property ladder.
Azure Al Reem has picturesque 360-degree views of Reem Island, Louvre Abu Dhabi and the surrounding sea.
Real estate advisor Savills is the exclusive agent of the project and it has seen great interest in Azure Al Reem’s ‘easy to own’ payment plans, with people able to move in as homeowners on deposits of just Dh50,000 for a one-bed or Dh70,000 for a two-bed apartments.
Salah Al Jneibi, a UAE national who works in the banking sector, is one of the first residents of the project. With a young family, Al Jneibi says the convenience of having a good payment plan was the main reason for his decision to take an apartment at Azure Al Reem.
When asked about the features of the property, Al Jneibi said one thing really stood out. “The view from the balcony; that was all I needed to know and this was an apartment I wanted to have. My wife loves the ocean and water, and was quite excited about it as well when she saw the view from the balcony and windows.”
Ziad Abou Nasr, director of Al Masaood Developments, commented: “We spent a number of years doing the maths, calculating the ways in which we could offer accessible home ownership with lower deposits. It was important to us as a proud Abu Dhabi company to empower young people and through these low-entry cost schemes it becomes easier for people to enter the property market.”
Katie Burnell, head of residential sales and leasing for Savills, said: “Developers are looking at ways that will help the UAE’s young generation become homeowners and innovative schemes like the one offered at Azure Al Reem benefits not just the individual buyers, but also Abu Dhabi, by anchoring families in the capital and creating a community of hard-working professionals who commit to the nation and establish roots for the longer term.” - TradeArabia News Service
