Distress deals in Al Reem Island
Al Reem Island is a waterfront investment zone next to central Abu Dhabi with mostly high-rise apartments, where foreigners can buy freehold.
What to know about distress deals in Al Reem Island
- Foreign buyers can buy freehold here
- Abu Dhabi's transfer fee is 2%, half of Dubai's
- Close to the city centre and business districts
- Check new tower handovers nearby before buying for rental
Want to check a Al Reem Island unit you've found elsewhere? Run it through our deal check tool to compare it against recent transactions.
Al Reem Island distress deals: FAQs
Are there distress deals in Al Reem Island?
Yes. Distress deals in Al Reem Island come up when owners need a fast sale, for example relocation, missed off-plan instalments or mortgage pressure. Join our WhatsApp alert list to get the next one as soon as it is verified.
What should I check before buying a distress property in Al Reem Island?
Compare the price per sq ft with recent Abu Dhabi transactions in the same building, confirm ownership and mortgage status, check service charge arrears and the developer NOC.
Can foreigners buy property in Al Reem Island?
Yes. Al Reem Island is a freehold investment zone where foreign buyers can own property outright.
What are the buying costs in Al Reem Island?
Budget for the 2% Abu Dhabi transfer fee, around 2% agency commission plus VAT and registration fees on top of the price.