| Al Reem Island | |
| Country: | United Arab Emirates |
| Population: | (as of 2015) 13,941 |
| Area Km2: | 8.8 |
Reem Island (Arabic: جزيرة الريم) is a natural island located 600m (2,000feet) off the coast of the Abu Dhabi island. It is a mixed-purpose community with residential, retail, and commercial units.[1] As of 2015, Al Reem Island's population is at 13,941 people with the population density being 1,579/km2.[2]
Sorouh Real Estate (now merged with Aldar Properties PJSC), Reem Investments, and Tamouh are independently developing parts of the island with projects like Shams Abu Dhabi. Reem Developers[3] define the overall dimensions of the project as 2 meters square meters and investment costs as exceeding $30 billion. The project is a free zone, where foreign nationals can buy property on a 50-year leasehold basis.
The handing over of units in Al Reem Island was significantly delayed due to a couple of reasons[4] but during the first quarter of 2011, the handing over process began.[5]
In March 2013, Repton announced that it would be opening a campus in Al Reem Island, and opened its first location in 2013 and a second location in 2014.[6]