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Key selling points
- Currently one of the fastest growing global property markets
- Extremely low supply of 1 & 2 bedroom properties
- Freehold property
- Yields estimated at 9%+
- Finance available up to 70% LTV
- Turn key - fully furnished & fully managed
Comprising of 3 towers in the City of Lights on Al Reem Island, Hydra Executives Towers will be developed to meet the needs of modern businesses and residents. All towers will be built along a waterfront promenade and will be interlinked by lush, landscaped plazas; and world-class shopping and dining establishments will line the waterfront, which will offer an array of water based activities and sports. The towers serviced apartments are designed with the latest in interior design and fully equipped with the latest of fixtures; fittings and complimented with a range of facilities. The apartments are for outright sale in the tower and the five-star property will be managed by a leading luxury hotel group. Owners of the fully furnished, fully serviced apartments retain total flexibility to occupy their apartments for their own use and or release the apartment to the hotel group to earn income when not in use.  Located on Al Reem Island, which will cover an area of 633 hectares (68 million square feet). It is currently being built by 3 master developers each of whom own a percentage of the island: Tamouh Investments owns 60%, Sorouh owns 20% and Al Reem Investments owns the remaining 20% of the island. The developers will be responsible for constructing the island infrastructure and will also develop numerous sites. The master developers have also sold plots to smaller sub developers who will build particular developments throughout the island. The development of the island 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 280 000 residents and a financial centre. The island will include a number of amenities associated with any city such as schools, medical clinics, shopping malls, restaurants, a 27-hole golf course, hotels, resorts, spas, gardens, and beaches.  Key Factors of Al Reem Island * Al Reem Island is a natural island making it eco- friendly. * There are a range of projects completing from the end of 2008. * The island will be a complete city in it's own right with residential, commercial, business districts and supporting services. * Islands modern city will offer 360 degree sea views. * Official stamp of Abu Dhabi government will be carried on the purchase contract.  One and two bedroom apartments are experiencing the strongest demand while those developments built by respected developers with 5 star amnesties showing strong appreciation. The demand for property in certain developments is so strong that some developers are achieving 100% tenant occupancy prior to completion. Rental prices have increased rapidly over recent years despite the growing number of developments; prompting the Abu Dhabi government to cap rental increases to 5% for 2008. However this has not stopped the rampant rental inflation with new leases increasing by approximately 25% per annum.  Factors driving rental appreciation in Abu Dhabi * Strong demand * Accommodation requirements for civil servants * High population growth * Rapid economic growth * High cost of living * Low operational life of buildings (30-50 years) * Need for high return on investment * Acute shortage of quality accommodation  Favorable conditions for investors in real estate in the Abu Dhabi * Decision by the Abu Dhabi Government to allow freehold and leasehold ownership in some areas for GCC nationals and expatriates. * Strong economic growth and rising GDP * Low interest and borrowing rates * Consistent favorable returns as compared to other investments. * Low transaction costs * Increasing population and a growing tourism market in Abu Dhabi * A strong government committed to sustained economic growth
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