Coming soon: Apartment sales starting from $517k in the stylish N tower on Al Reem Island

14 Feb 2024

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The new N Tower on Al Reem Island will be available for sale sometime in April: apartments with 1 bedroom are priced from $517,000 with furniture – and this is one of the best offers on the market. The name cannot be disclosed: hence it's just N for now.

In the fourth quarter of 2026, the project is planned to be completed. We will find you the perfect tenant immediately after receiving the keys. Or we will help you resell at the peak price to maximize your profit.

We'll help you earn:

• The tower will be located in the Al Reem area with high demand for rentals. There are business centers, universities, a large shopping center, schools, and several green parks nearby.

• There is a wide selection of 1-bedroom apartments in stock: we will reserve the best options for you through EOI before launch.

• After the project completion, we will assist in connecting utilities and registering lease agreements with the Land Department. Or we will find a buyer for resale at the peak price.

• Initial payment – from $25,850.

• Installment plan 55/45 for 2 years and 10 months.

Estimated ROI from long-term rentals:

Annual rent for a similar property in the location considering the increase in rental rates closer to the completion of the building – $35,100

Service charge – $2,300

DLD – from $20,680

ROI ≈ 6.1%

About the project:

• N – a new stylish tower in the style of parametric architecture with apartments with 1-3 bedrooms and luxurious penthouses: all units come with ready-made renovation, full furniture, built-in kitchen appliances, and plumbing fixtures.

• Panoramic windows, high ceilings, cozy balcony.

• Smart home system.

• Completion – 4th quarter of 2026.