Al Reem Island is a residential, commercial and business project on Al Reem Isle, a natural island 600 m off the coast of Abu Dhabi island. It is currently being developed separately by Sorouh Real Estate (Shams Abu Dhabi), Reem Investments, and Tamouh. Reem Developers the overall dimensions of the project as 6.5 million square metres and investment costs as exceeding $30 billion. The project has gained international interest as one of the first free zones in Abu Dhabi, where foreign nationals can buy property as leasehold.Located off the northeastern coast of Abu Dhabi city, it is a mixed purpose community with both residential and commercial units. The handing over of units in Al Reem Island was delayed due to a couple of reasons but during the first quarter of 2011, the handing over process began.
Al Reem island is connected to Abu Dhabi Island by a single bridge. It is one of the areas that is currently being developed rapidly. It has very cheap, but high class residential units due to many new buildings that are coming up. It houses the Paris Sorbonne University and also has Boutik mall. Al Reem island provides a picturesque neighborhood in its high rises which are surrounded by sea on all four sides.
The island is popular with western expats who rent out large properties for a decent price.