Mangrove Place - Al Reem Island - Abu Dhabi
Info Graphic - Mangrove Place, Shams AbuDhabi, Al Reem Island
Mangrove Place, Shams AbuDhabi, Abu Dhabi:
Mangrove Place, Shams AbuDhabi, Abu Dhabi is the latest state of the art, located in Shams Abu Dhabi, Al Reem Island directly adjacent to the prestigious Sky tower- the soaring, signature milestone property on Shams is a spectacular masterpiece. It is a fine development with fantastic staggered terraces and balconies offering endless canal and sea views.
European style homes designed to maximize available space. A well planned layout, abundant natural light and trendy finishes enhances the beauty of this place. Mangrove Place, Shams AbuDhabi, Abu Dhabi is truly an incredible property.
Property Shop Investment (PSI) is an exclusive real estate agent assigned by the developer for Mangrove Place, Shams AbuDhabi, Abu Dhabi.
Mangrove Place, Shams AbuDhabi, Abu Dhabi has fine connectivity specialty like easy access to coffee shops, restaurants, stylish boutiques and leisure districts of Shams as well as the city of Abu Dhabi. With a splendid view of the canal and the sea, overlooking the gate towers, with an effortless access to the shopping center "Boutik Mall" just across the street. There are retail areas in Mangrove Place, Shams AbuDhabi, Abu Dhabi making it a hub for commercial and residential living.
Mangrove Place, Shams AbuDhabi, Abu Dhabi has been designed in a unique shape to give every apartment a balcony or a terrace. This place consists of one bedroom, two bedroom and three bedroom apartments with different layouts and views, three bedroom and four bedroom townhouses with a direct access to your car parking.
Mangrove Place, Shams AbuDhabi, Abu Dhabi is indeed a unique possession!
Facilities and Amenities:
Apartments, Townhouse, Penthouse and Retail
Free hold for locals and expatriates
2013, Units available currently
Luxury Real Estate Development
Residential and Retail
Floors in Mangrove
What is Tawtheeq?
Executive Council Resolution No. 4 of 2011 requires mandatory registration of tenancy contracts in Abu Dhabi with a term of up to four years, through a new registration system, known as "Tawtheeq".
The registration system is designed to regulate the relationships and safeguard rights of landlords and tenants and will establish a database for all short term tenancy contracts.
Tawtheeq process for Mangrove Place, Shams AbuDhabi, Abu Dhabi has been approved by the Government of Abu Dhabi and now Mangrove Place, Shams AbuDhabi, Abu Dhabi is fully accomplished.
Register is maintained by the Abu Dhabi Municipality (ADM) in electronic format.
Completion Date: Mangrove Place, Shams AbuDhabi, Abu Dhabi
Project was completed in 2013.
Banks Financing: Mangrove Place, Shams AbuDhabi, Abu Dhabi
National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB) are financing for Mangrove Place, Shams AbuDhabi, Abu Dhabi other banks are in pipeline.
AED 16.59 sq ft is the service charge applicable to investors and people living in (end users) who can buy, rent or sell in Mangrove Place, Shams AbuDhabi, Abu Dhabi.
Developer- Luxury Real Estate Development
Private Abu Dhabi property developer, Luxury Real Estate Development L.L.C. showcases its development the Mangrove Place, Shams AbuDhabi, Abu Dhabi. The property is a mid-rise waterfront development with fantastic terraces and balconies offering uninterrupted canal and sea views.
Luxury Real Estate Development was established in 2006 to develop well-designed, competitively priced property for the Abu Dhabi market and is one of the first developers to launch within the Shams Development. Luxury's CEO, Ausama Zubaidi considers Abu Dhabi one of the world's most exciting and emerging cities; 'The future plans for Abu Dhabi include the creation of major real estate developments that will impact on the global investment market appealing to both local and international audiences.
Why to buy in Mangrove Place, Shams AbuDhabi, Abu Dhabi for Investors?
Investing in project like Mangrove Place, Shams AbuDhabi, Abu Dhabi is indeed a profitable venture.
This Place is available at affordable price making it easier for people to own a home in Al Reem Island.
The capital gain for this project is fairly high due to the location and due to the property value.
This phenomenal place is indeed a benefit for all investors as it has realistic ROI along with capital gain.
The investor can himself be anytime the end user in the longer run. Due to all exclusive benefits and amenities available it is a prime possession.
The property is an asset as the market value appreciates and the demand is high to own property in Al Reem Island the heart of Abu Dhabi.
Why to buy in Mangrove Place, Shams AbuDhabi, Abu Dhabi for End Users?
Pearls School (Distance 3.7 km, 8 mins)
GEMS American Academy (26.0 km, 30 mins)
Sorbonne University (Distance 2.4 km, 6 mins)
Brighton College (14.5 km, 18 mins)
Burjeel hospital (Distance 4.9 km, 7 mins)
Al Salama Hospital (7.1 km, 12 mins)
Dar Al Shifaa Hospital (4.3 km, 6 mins)
Corniche Hospital (7.3 km, 10 mins)
Shopping Malls & Entertainment:
Boutik Mall (0 km, 1 mins)
Madinat Zayed Shopping (Distance 7.5 km, 12 mins)
Abu Dhabi Mall (3.5 km, 8 mins)
Al Wahda Mall (5.9 km, 9 mins)
Abu Dhabi International Airport (Distance 35.1 km, 32 mins )
If you are a landlord of one or more properties and if you are looking to lease or sell the property in the market or find the right tenant or buyer for your residential, commercial or retail property, it can be a tedious task to do.
We at Property Shop Investment (PSI) understand this fact and are happy to help you without any charges just by listing your property with us.
Why Property Shop Investment LLC?
Rent rates are fluctuating and new projects are coming, whether you already live in Abu Dhabi or new to the Capital it's not an easy task to find your ideal home and settle down, but with Property Shop Investment (PSI) your task will be simple.
Why Property Shop Investment LLC?
PSI offers total Real estate solutions and more:
Buying a home can be one of the most intimidating decisions you will ever make.
PSI offers a comprehensive guide to help you with buying a Property in Abu Dhabi. When choosing PSI, you are dealing with specialists who understand your concerns and will provide you with a tailored service that makes all the difference.
Why Property Shop Investment LLC?
PSI offers total Real estate solutions and more:
Why Property Shop Investment?
Exclusively Property Shop Investment (PSI) has the largest property listing that allows you to find an apartment of any size with diverse specification.
Abu Dhabi apartments will let you experience splendid urban living at affordable prices.
We have made it easy for you to find Abu Dhabi apartments in some of the best locations in the city by compiling thousands of listings. We at Property Shop Investment can help you to find exactly what you need at the price you are willing to pay. You can be assured of comfortable living and enhanced level of privacy even when you are away from your home.
Frequently asked questions:
Q: Where in Abu Dhabi is Al Reem Island?
A: Al Reem Island is a natural island located 300 meters off the North East coast of Abu Dhabi. It will be connected to the main island, Mangrove Place, Shams AbuDhabi, Abu Dhabi and the Abu Dhabi to Dubai highway via a series of bridges. Abu Dhabi Mall is 8 minutes away, Abu Dhabi International Airport 32 minutes and Dubai 1 hour 20 minutes via the Abu Dhabi - Dubai highway.
Q: How many people are expected to live on Al Reem Island?
A: When Al Reem Island is fully developed it is anticipated to house 200,000 residents.
Q: Where on Al Reem Island is Mangrove Place, Shams AbuDhabi, Abu Dhabi?
A: Mangrove Place, Shams AbuDhabi, Abu Dhabi is located within Shams Abu Dhabi adjacent to the prestigious Sky Tower and The Gate District of Shams Abu Dhabi. It has a prime waterfront location with a pedestrian path and endless sea and canal views.
Q: What type of development will Shams Abu Dhabi be?
A: Shams is a master planned community developed by Sorouh Real Estate offering high end living in a beautifully landscaped new city combining parks, waterways and canals with residential, commercial and entertainment areas. Occupying approximately 20% of Al Reem Island and built over 1.32 million square meters, 90% of the development is dedicated to residential buildings which will create 22,000 residential units to house approximately 45,000 people.
Q: How many ﬂoors does Mangrove Place, Shams AbuDhabi, Abu Dhabi have?
A: There are 27 ﬂoors in Mangrove Place, Shams AbuDhabi, Abu Dhabi.
Q: What types of units are in Mangrove Place, Shams AbuDhabi, Abu Dhabi?
A: There are 481 units comprising 1 bedroom, 2 bedroom and 3 bedroom apartments with balconies or terraces and a limited selection of townhouses and penthouses all with terraces.
Q: Are there any retail/commercial units in Mangrove Place, Shams AbuDhabi, Abu Dhabi?
A: There will be retail outlets on the Canal and Ground levels. There is a substantial amount of commercial space within the Sorouh Shams Development surrounding Mangrove Place, Shams AbuDhabi, Abu Dhabi and the adjacent Sky Tower has major retail outlets within it.
Q: What is the completion date of Mangrove Place, Shams AbuDhabi, Abu Dhabi?
A: The project was completed in 2013.
Q: What community facilities does Mangrove Place, Shams AbuDhabi, Abu Dhabi offer?
A: Mangrove Place, Shams AbuDhabi, Abu Dhabi itself offers a wealth of facilities including a temperature controlled swimming pool, fully equipped gym and manned 24 hour reception. The building is also conveniently located for easy access to coffee shops, restaurants and the entertainment district of Shams as well as the city of Abu Dhabi. Al Reem Island as a whole will be developed as an integrated modern community, with social, recreational, educational, retail, commercial and healthcare infrastructure.
Q: What about visitor parking?
A: Visitor parking will be incorporated within the basement levels of the building. 48 car parking spaces will be allocated to residential visitors and 30 car parking spaces to retail visitors.
Q: Who is Luxury Real Estate?
A: Luxury Real Estate Development LLC is a private development company established in Abu Dhabi in April 2006. The company was founded to develop well designed, competitively priced real estate within the UAE Capital.
Luxury Real Estate’s approach is to create skillfully planned and designed residential apartments with intelligent utilization of space that maximizes the investment return. The founding partners Dr Wisam KA Al Somaidaai and Mr Ausama A Zubaidi have more than 30 years combined international experience in the real estate and construction industry in the UAE, USA, UK, Kingdom of Saudi Arabia and Iraq.
Q: What additional costs I might have to pay?
The following are the additional costs:
Transfer fee (if you sell the unit on before completion)
Land Registry fee (to register ownership)
Maintenance, service charge.
Q: Is it possible to get a mortgage for a property in Mangrove Place, Shams AbuDhabi, Abu Dhabi?
A: National Bank of Abu Dhabi (NBAD) and Abu Dhabi Commercial Bank (ADCB) is lending for Mangrove Place, Shams AbuDhabi, Abu Dhabi for more information or log onto www.nbad.ae. Or www.adcb.com.
There are varying rates and terms and different criteria may apply depending on your residency status.
Q: Can I sell my property before completion?
A: Yes. Providing 25% of the original purchase price has been paid, the Sales and Purchase Agreement has been signed and there are no arrears or late payment charges due.
Q: What are the expectations of the rental market?
A: Currently the demand for rental units in Abu Dhabi far exceeds supply so rental yields are good. With the announced investment and development in Abu Dhabi the demand for accommodation is expected to rise.
Mangrove Place - Facilities & Amenities
Kid's swimming pool
Children's play ground
Finishing Materials from Switzerland & Germany
Heat insulating materials for interior & exterior
7 High Quality Elevators
1 Bedroom Apartment
2 Bedroom Apartment
3 Bedroom Apartment
3 Bedroom Townhouse
4 Bedroom Townhouse
4 Bedroom Penthouse
604 - 702 sq.ft.
667 - 962 sq.ft.
1356 - 3538 sq.ft.
1997 - 2238 sq.ft.
2736 - 3346 sq.ft.
4166 - 4234 sq.ft.
Mangrove Place - Video Gallery
Mangrove Place - Tawtheeq Process Accomplished.
Mangrove Place - Exclusive Services
Mangrove Place - Map