Al Reem Island

Al Reem Island, previously referred to as 'Abu Al Shuoom', 'The Pearl' and 'Emirates Pearl Island', is a residential, commercial and business project to be built on the natural island of Al Reem Isle, located off the northeastern coast of Abu Dhabi city. The development will be connected to the Abu Dhabi city island by 2 or 3 bridges and be located 20 minutes from the Abu Dhabi International Airport.

Al Reem Island will cover an area of 633 hectares (68 million square feet) and is being built by 3 developers - Tamouh Investments owns 60%, Sorouh owns 20% and Al Reem Investments owns the remaining 20%. The development will be overseen by an independent third-party facilities management company known as Bayt Al Khidma, who will ensure all three Reem Island developers meet the high standards of construction. The island is estimated to accommodate 280 thousands residents and will include important amenities like schools, medical clinics, shopping malls, restaurants, a 27-hole golf course, hotels, resorts, spas, gardens, and beaches. Property available on Al Reem Island will be on a extendable 99-year leasehold basis.

Al Reem Island Divisions
Pearl of the Emirates - Name of Tamouh Investments' 60% of Al Reem Island, whose first phase is estimated at AED 2 billion (US$ 545 million) which includes 15 towers and a 5-star hotel.

Al Shams Abu Dhabi (The Sun of Abu Dhabi) - Residential development by Sorouh covering 14.2 million square feet (1.32 million square meters) to be completed by 2011.

Najmat Abu Dhabi (The Star of Abu Dhabi) - AED 30 billion (US$ 8 billion) urban waterside community development by Al Reem Investments covering 20 million square feet (1.86 million square meters) to accommodate 80 thousand to be completed by 2012.

Pearl of the Emirates Developments
Marina Square - Covers 13.2 million square feet (1.2 million square meters) of Pearl of the Emirates, with 70% residential and 30% commercial districts expected to be complete by 2009. It will contain a collection of 14 high-rise waterfront towers including Marina Heights 1 and 2 by Profile Group Properties, 49-floored Tala Tower by Sorouh Real Estate, and 43-storeyed Ocean Terrace Residence by First Gulf Bank (FGB).

Addax Port - AED 6.5 billion development on the Pearl of the Emirates with 5 towers (Office Tower, Park Tower, Marina Tower, Executive Tower, and Light Tower), 4 of which are residential and 1 will be commercial.

Expected Completion Date - In 2008
Location - Abu Dhabi, United Arab Emirates