Properties for sale in Reem

Property for sale in Reem

The properties for sale in Reem include villas and townhouses inspired by the Mediterranean style and traditional Arab architecture. There are 2 clusters in the project, Mira Oasis and Mira. The residential complex is part of the large Dubailand area, which offers a measured countryside lifestyle. The community was launched in 2013 and has been put into operation.

The developer was Emaar, the market leader of property in Dubai. The portfolio of this construction company includes the communities of Arabian Ranches, Emaar Beachfront and The Oasis and various complexes in the emirate’s most sought-after parts. The company also creates development projects outside the UAE: in Saudi Arabia, Turkey, the USA, Egypt, Lebanon, India and Pakistan.

The community boasts villas and townhouses with 3 and 4 bedrooms and other cosy real estate in Reem for expats. The house layouts include double-sized garages, kitchens, living rooms and staff rooms. Some residences have offices. The master bedrooms have balconies, and the courtyards have covered terraces where you can create an outdoor dining area or a place for parties. The houses are equipped with wardrobes, plumbing and kitchen sets.

Residents get the following amenities: spacious public pools, playgrounds, a football field, gyms, landscaped gardens, tennis courts, hiking trails and bike paths. The gated community provides security for locals.

The initial prices of properties in Reem, UAE, are as follows:

• AED 2.3 million ($626,000) for a 3-bedroom house;
• AED 2.6 million ($708,000) for a 4-bedroom villa.

The highest value of property in Reem is AED 4.5 million ($1.22 million).

Houses in the area are in the middle price segment, while they have many advantages making them an ideal purchase option. Before making a deal, you should check the total amount with the agent, who will also tell you about all the details of buying property in Reem for foreigners.

Lifestyle in Reem

The complex is a comfortable and family-oriented location with a high level of security. This area is home to several parks and sports grounds, so you can lead an active lifestyle and spend a lot of time in nature.

Pet owners will appreciate this community. There is a park for walking dogs, and there is a veterinary clinic and a grooming salon in the neighbouring district of Town Square.

Residents can seek medical help at the American Hospital Clinic, which is located in Mira Town Centre. This place is home to a Spinneys supermarket, a beauty salon, a pharmacy, a flower shop, a laundry, an ATM, coffee shops and a restaurant.

Kindergartens and schools are located in the nearest areas, which can be reached in 5–15 minutes by car. Academic City, where there is a large selection of prestigious universities, is a 20-minute drive away.

The community is adjacent to Al Qudra Road (D 63), which leads to another major highway, D 54. The downtown and the beach areas of Jumeirah and JBR are 30–40 minutes away. DWC and DXB international airports are at the same distance. There are bus stops in the community.

The nearest golf club, Trump International, is a 15-minute drive from the area. It offers a clubhouse, an infinity pool, a sports lounge and a fitness centre. You can train even in the dark, because there is a 9-hole field with lighting.

IMG Worlds of Adventure with 6 themed areas, including Marvel, Haunted Hotel and Dinosaur World, is 20 minutes away by car. The centre hosts various events, shops and cafes.

Investment real estate in Reem

Real estate for sale in Reem and the UAE is in high demand among investors and businessmen, as they can rent it out and receive a passive, stable income. About 140,000 people move to the country every year creating a high demand for housing. The UAE is a popular destination for expats, as it has a well-paid job, a stable economy and a loyal visa regime. The country attracts with its warm climate, beaches, many entertainment venues, concerts and world-class sporting events.

It has become one of the most preferred areas with premium-class villas in Dubai with an average rental price. Moreover, rental rates in the region in 2023 increased by 19.6% and 20.4% for 3- and 4-bedroom houses, respectively, compared with 2022. The community benefits that attract new residents are a peaceful community with a variety of family activities, outdoor recreation and sports.

The cost of property in Reem for annual rental of villas varies:

• from AED 138,000 ($37,500) to AED 220,000 ($60,000) for a 3-bedroom apartment;
• from AED 165,000 ($45,000) to AED 250,000 ($68,000) for a 4-bedroom property for sale in Reem.

The district was also included in the list of projects with the highest return on investment in spacious houses. The projected annual income in the community is 7%.

Investors may consider another investment strategy—reselling the villa at the most competitive property prices in Reem. This is a profitable option, as finished houses, including investment real estate in Reem, have risen in price by 22% in 2023.

A foreigner can buy property in Reem in full ownership, which is not allowed in all areas of the emirate but only in freehold zones. The owners can dispose of the property at their discretion: they can repair, bequeath, lease, and sell it.

If the value of a villa or townhouse exceeds AED 2 million ($544,500), the buyer has the opportunity to apply for a 5-year investor visa. The document grants an excellent chance to live in the country with family members, study and work without the help of a local sponsor.

It is profitable to buy property in Reem

The portal contains a huge catalogue of real estate in the UAE, which is updated daily with new complexes from leading developers, including Emaar. Buyers can select houses and apartments in Dubai in ready-made and off-plan projects with search filters. Moreover, you can compare similar offers from different companies and agencies to purchase property at the best price that meets all requirements. Go to the website and find an ideal property in Reem for investment and living.