| Al Reem Island | |
| Country: | United Arab Emirates |
| Population: | (as of 2015) 13,941 |
| Area Km2: | 8.8 |
Reem Island (ar|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] On may 30 Abu Dhabi has inaugurated the $1.3 billion Reem Mall on Reem Island, aiming to enhance tourism in the city. The opening ceremony was attended by notable figures including H.E. Sheikh Nahyan bin Mubarak Al Nahyan, who toured the 186,000 square meter mall and explored Snow Abu Dhabi, the region's largest snow park with over 20 rides and year-round snow attractions.[7]