Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The world doesn’t know it yet, but Reem Island’s moment in the sun is coming.
Remember the hullabaloo surrounding the coverage of the opening of Ski Dubai?
Well, Reem, an Abu Dhabi island currently best known for being the site of a building frenzy in recent years, is about to eclipse it.
Sometime in the not too distant future, on an as yet unspecified date, the island will be the home of Snow Abu Dhabi, which will dwarf Ski Dubai at about four times its size.
The Reem Island that exists now is still heavily residential, and is known as a convenient place to live that is a short hop from the city, while remaining removed from the hubbub.
When the first towers opened in 2011, agents said the island represented something of a revolution.
Apartments in Abu Dhabi were, up until that point, on the larger and older side, with few facilities.
But Reem’s shiny towers offered new options, with many more studios and one-bedroom apartments than had previously been available.
“They were smaller units, in smaller buildings, with gyms and pools inside,” said Ben Crompton of Crompton Partners.
“The initial attractiveness was on the young professionals’ side.”
It soon became popular with families, too, as the options multiplied, which happened quickly.
From a handful of towers in 2006, about 100 or so exist today.
Marina Square was built first, and remains one of the largest communities on the island, with the others being City of Lights and The Gate/Sun and Sky complex.
There are many other single towers, too.
The proliferation piled pressure on rental prices, driving them down heavily – an estimated 40 per cent since 2015.
It has also affected property values.
“Reem has probably seen the most rent pressure out of any community in Abu Dhabi since 2015 because of the building there.
“Not many other places have seen that amount of building,” Mr Crompton said.
And the construction is nowhere near complete.
“There is a huge amount still to build, a huge amount,” said Mr Crompton.
“Most of Najmat has not been built. Najmat is the southern part where Reem Mall is. Most of that hasn’t been built and a lot of them haven’t been sold. Half of Shams hasn’t been built.
“Then the bit opposite Al Maryah Island hasn’t been built at all. So it’s maybe a third built, possibly even less.”
All this means it will probably continue to be cost-effective going forward, with many more towers planned with similar facilities. But there is a downside.
“There is a lot of construction there and a lot of towers are by themselves, with not much around it,” Mr Crompton said.
That is set to change when the long-awaited Reem Mall opens its doors at last.
What makes Reem Island a good community?
Yasmeen El Mallah grew up in Abu Dhabi before moving to Egypt. When she returned to the capital six years ago, Reem Island was her choice.
She wanted to be close to her office in the city, but not too close as the district where she works is not the most desirable to live in.
“I had a dog in Egypt, so I knew I wanted to bring him here, so I wanted a place where I could walk him,” she said.
Marina Square on Reem Island covered all the bases. In the years she has lived on the island, the rent for her one-bedroom apartment climbed from Dh85,000 up to Dh99,000 at one point. It’s now the lowest it has ever been, at Dh65,000, which is fairly average for a one-bedroom flat in the area.
She could have moved over the years as new towers opened, and did change apartment, but remained in the same building. The location was too good to swap.
“Where I am located, it takes exactly two minutes to get off Reem to go anywhere you want, which is the beauty of where I live,” she said.
Sasa Ljumic, from Sweden, bought his place on Reem about seven years ago and has seen its value plummet by almost a third.
He does not regret buying, however, and would not even have moved home or left the island had he been renting.
“I would have stayed here and it has improved immensely since I first came to Reem,” he said.
He said Reem is about as pet-friendly as it gets in Abu Dhabi, though it still needs a dog park and more opportunities for animals to roam freely.
In his opinion, it is also lacking a bar, and a sports centre – he is a tennis coach. But he is happy with life on the island.
How well connected is Reem Island?
The island is connected to the Abu Dhabi mainland by the 11th Street Bridge with four major bridges to be built, two already under construction and another two more planned in the future.
Residents say this is needed because traffic is often slow leaving the island.
Location and landmarks on Reem Island
Reem Mall – the biggest building on the island – was due to be completed in late 2020, but appears to have been delayed, according to an August construction update.
The unusually shaped Mangrove Place is another talking point, while the Sun and Sky buildings, which have been there since the earliest days, are the islands’ most distinctive landmarks.
Rent prices on Reem Island
Rents have fallen significantly from several years ago, when Dh100,000 for a one-bed flat was not unusual.
Studios now average Dh35-45k, while one-bedroom apartments cost Dh55-70k to rent, two beds Dh70-90k and three beds Dh90-140k.
Four-bedroom apartments are rare and there is only one villa community called Nalaya, which is “pretty expensive,” said Mr Crompton, costing Dh260,000 to Dh360,000 for beachside living.
Facilities on Reem Island
Each community has its own facilities, typically including a swimming pool and gym.
There is a beach, although swimming is forbidden – plus Reem Central Park, which has sports courts, a skateboard park, children’s playgrounds and pedestrian and cycle paths.
There are also plenty of shops and restaurants, but they are all inside residential buildings and communities.
Schools and hospitals on Reem Island
Reem Island has only one school so far, Repton School Abu Dhabi, a British private school. American International School will open soon, though, and there is also a handful of nurseries.
The island is home to a clinic, Burjeel Day Surgery Centre, and Al Reem Hospital and Rehabilitation Centre is under construction.
Shopping on Reem Island
A couple of malls are already open including Boutik Mall, inside residential towers.
There is a Lulu supermarket and a large Waitrose.
The island is a reasonably short walk on a nice day to The Galleria Mall, which opened a large extension last year.
Restaurants on Reem Island
Like stores, all restaurants on the island currently are located in residential towers. There is, however, a nice mix of cuisines, including everything from burgers via Johnny Rockets, to a Pizza Express and The Chippy, which claims to offer the freshest fish and chips in Abu Dhabi city.
A version of this article was first published on October 23, 2020.
South and West: From a Notebook
Joan Didion
Fourth Estate
The specs
Engine: 3.8-litre twin-turbo V8
Power: 611bhp
Torque: 620Nm
Transmission: seven-speed automatic
Price: upon application
On sale: now
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
If you go
The flights Etihad (www.etihad.com) and Spice Jet (www.spicejet.com) fly direct from Abu Dhabi and Dubai to Pune respectively from Dh1,000 return including taxes. Pune airport is 90 minutes away by road.
The hotels A stay at Atmantan Wellness Resort (www.atmantan.com) costs from Rs24,000 (Dh1,235) per night, including taxes, consultations, meals and a treatment package.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
Results
2pm: Maiden (TB) Dh60,000 (Dirt) 1,200m, Winner: Mouheeb, Tom Marquand (jockey), Nicholas Bachalard (trainer)
2.30pm: Handicap (TB) Dh68,000 (D) 1,200m, Winner: Honourable Justice, Royston Ffrench, Salem bin Ghadayer
3pm: Handicap (TB) Dh84,000 (D) 1,200m, Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi
3.30pm: Conditions (TB) Dh100,000 (D) 1,200m, Winner: Dark Silver, Fernando Jara, Ahmad bin Harmash
4pm: Maiden (TB) Dh60,000 (D) 1,600m, Winner: Dark Of Night. Antonio Fresu, Al Muhairi.
4.30pm: Handicap (TB) Dh68,000 (D) 1,600m, Winner: Habah, Pat Dobbs, Doug Watson
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
5 of the most-popular Airbnb locations in Dubai
Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:
• Dubai Marina
The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.
Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739
Two bedroom: Dh627 to Dh960
Three bedroom: Dh721 to Dh1,104
• Downtown
Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure. “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."
Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154
• City Walk
The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena. “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”
Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809
Two bedroom: Dh682 to Dh1,052
Three bedroom: Dh784 to Dh1,210
• Jumeirah Lake Towers
Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.
Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629
Two bedroom: Dh549 to Dh818
Three bedroom: Dh631 to Dh941
• Palm Jumeirah
Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.
Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770
Two bedroom: Dh654 to Dh1,002
Three bedroom: Dh752 to Dh1,152
More from Rashmee Roshan Lall
MATCH INFO
Euro 2020 qualifier
Ukraine 2 (Yaremchuk 06', Yarmolenko 27')
Portugal 1 (Ronaldo 72' pen)
UAE currency: the story behind the money in your pockets
SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
Mobile phone packages comparison
The specs: 2018 Jaguar F-Type Convertible
Price, base / as tested: Dh283,080 / Dh318,465
Engine: 2.0-litre inline four-cylinder
Transmission: Eight-speed automatic
Power: 295hp @ 5,500rpm
Torque: 400Nm @ 1,500rpm
Fuel economy, combined: 7.2L / 100km
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
Florence and the Machine – High as Hope
Three stars
Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
Racecard
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m
KYLIAN MBAPPE 2016/17 STATS
Ligue 1: Appearances - 29, Goals - 15, Assists - 8
UCL: Appearances - 9, Goals - 6
French Cup: Appearances - 3, Goals - 3
France U19: Appearances - 5, Goals - 5, Assists - 1
Ronaldo's record at Man Utd
Seasons 2003/04 - 2008/09
Appearances 230
Goals 115
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.