Saturday 6 August 2011

Al Reef Apartments - A Great Relief for Emigrants to own Property

For the first time in the history of United Arab Emirates (UAE), the time has come when even the emigrants are also allowed to own property. For the first time this project has been launched in Al Reef vicinity located in Abu Dhabi. Al Reef apartments start from Dh500,00 and can go as high as Dh1.3million. Al Reef doesn't comprises of apartments only but it also have luxurious Villas. The area accommodate around 1500 apartments and 2500 Villas. A mixture of different community can stay together bringing diversity to the culture and business.

Al Reef is one of the biggest real estate projects of UAE. Apart from the rent apartments in Al Reef, the projects include other property or sub-projects like Al Reef downtown, Al Reef Villas, Al Reef Mediterranean, Al Reef Contemporary, Al Reef desert Villas and Al Reef Arabic Villas. Considering the fact that most of the migrated people in Abu Dhabi stay their temporarily thus instead of making huge investment they prefer to rent the property. Al Reef apartments are also available on rent. But over the last few years, the real estate prices are roll down with a great margin thus emigrants can afford buying property in Abu Dhabi. The prices are still predicted to go negative as market suffers from over-supply of the projects. This situation is really helpful for those who want to rent apartments in Al Reef or other places.

Al Reef downtown incorporates 1BHK to 4BHK apartments with all the best facilities in the world. Al Reef apartments are situated near the international airport of Abu Dhabi which is near to most beautiful Al Reef Villas. Al Reef apartments are also near to one of the most pleasant beach of Abu Dhabi- Al Raha. The apartments are adjacent to main highway of the city so commutation is not an issue while residing there. The diversity in properties, dropped prices has brought fortune for the middle class people.

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