{"id":15978,"date":"2016-06-09T19:15:55","date_gmt":"2016-06-09T12:15:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15978"},"modified":"2016-06-09T17:29:07","modified_gmt":"2016-06-09T10:29:07","slug":"villas-on-reem-are-bit-of-a-dream","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/villas-on-reem-are-bit-of-a-dream\/","title":{"rendered":"Villas on Reem are bit of a dream"},"content":{"rendered":"


\nNo, this isn’t a picture of a lux\u00adury holiday home on the island of Bali but the first – and pos\u00adsibly only – villas to be built in Abu Dhabi’s Reem Island.Nalaya, a gated development of 42 villas for rent on the furthest southern tip of Reem Island, is about to come to the market after final water connections were completed last week.The estate in Najmat Abu Dhabi, built by master developer Reem Developers, comprises 10 three-bedroom villas, 20 four-bedroom villas and 12 five-bedroom villas, all of which have access to a private beach and many of which overlook the sparkling waters of the Ara\u00adbian Sea as well as natural mangroves.But, with rents ranging between a staggering Dh330,000 and Dh450,000 a year, this Balinese vision doesn’t come cheap.The largest villas, spread over 4,050 square feet, include a two-storey Balinese-style internal courtyard which tenants can fill with shrubs and trees and which is visible throughout the large open villa.Continuing the theme, the villas, which all have direct beach access and sea views, include a large balcony, private outdoor patio and garden as well as the usual features of en suite bathrooms, built in cupboards, large kitchens and a maid’s room.”To date we have had a lot of interest in Nalaya because these are the only leasable villas to be built on Reem Island and we do not expect there to be any more built in the near future,” says Jamie Lamb, business development manager at Reem Investments.The estate, which is managed by First Gulf Properties, is one of the first completed parts of the entire 650-hectare Najmat master plan which is set to also include a marina, two schools, a hospital, shops and offices – most of which remain currently in the planning stage only.A clubhouse including a gym, swimming pools, games room and function room is already up and running, ready to be used by the first tenants. However, a planned nearby park does not look like it will be completed any time soon.Q&ALucy Barnard looks closer at the Abu Dhabi property market:Why are the rents so expensive?There is a shortage of villas in Abu Dhabi, meaning that developers can charge high rents for new villa developments. As the only villa development on Reem Island, Reem Developers is setting its rents not far below the most expensive in Abu Dhabi, which are currently located on Saadiyat Island.What about rents in Abu Dhabi in general?Property brokers report that rents in the city on average are falling because of the slump in the global oil price, which has led to a number of major job cuts in the city. According to the latest report from Cluttons, brokers expect rents in Abu Dhabi to fall by an average of between 5 and 7 per cent before the end of the year.Why isn’t my rent falling?Landlords for existing tenants are often seen to be increasing rates despite the news of rent falls. This is often because they realise that the costs and hassle of moving house are enough to put many people off.What does Nalaya mean?The name Nalaya is a combination of the two Arabic words; “Nahla” Arabic for a water source and “Aya”, meaning both masterpiece and abundant.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Villas on Reem are bit of a dream<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

No, this isn’t a picture of a lux\u00adury holiday home on the island of Bali...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15978","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-49I","jetpack-related-posts":[{"id":15984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reem-islands-first-villa-community-ready-to-rent-in-abu-dhabi-in-pictures\/","url_meta":{"origin":15978,"position":0},"title":"Reem Island's first villa community ready to rent in Abu Dhabi – in pictures","date":"June 9, 2016","format":false,"excerpt":"\r The 42 three, four and five bedroom luxury villas in the development called Nalaya, come with beach access, private clubhouse and swimming pool.\r \r Source : thenational.ae\r Read more...Reem Island's first villa community ready to rent in Abu Dhabi - in pictures","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-aldar-to-build-1315-villas-on-yas-island\/","url_meta":{"origin":15978,"position":1},"title":"Abu Dhabi developer Aldar to build 1,315 villas on Yas Island","date":"April 11, 2016","format":false,"excerpt":"\r \r Abu Dhabi's largest property developer has announced plans to build more than 1,000 villas on Yas Island.Aldar Properties unveiled plans for Yas Acres, a Dh6 billion project of 1,315 new villas which it plans to build on the northern shores of Yas Island alongside a golf course, club\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-broker-asteco-expects-abu-dhabi-rents-to-fall\/","url_meta":{"origin":15978,"position":2},"title":"Property broker Asteco expects Abu Dhabi rents to fall","date":"February 15, 2017","format":false,"excerpt":"\r Asteco has become the latest property broker to forecast rent declines in Abu Dhabi this year as 4,000 new homes are expected to come on to the market. According to the property broker's data, average rents for apartments in Abu Dhabi fell by 7 per cent in 2016 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trojan-wins-dh1-billion-emaar-contract-to-build-nearly-1400-mira-oasis-townhouses\/","url_meta":{"origin":15978,"position":3},"title":"Trojan wins Dh1 billion Emaar contract to build nearly 1,400 Mira Oasis townhouses","date":"June 27, 2016","format":false,"excerpt":"\r Trojan General Contracting has been awarded a Dh1 billion contract by Emaar Properties to build the second phase of the Mira Oasis project.Abu Dhabi-based Trojan said the second phase of Mira Oasis - part of Emaar's Reem Community in Dubai and close to its existing Arabian Ranches community -\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37112,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-end-villas-lead-fall-in-rents-across-abu-dhabi-says-cluttons\/","url_meta":{"origin":15978,"position":4},"title":"High-end villas lead fall in rents across Abu Dhabi, says Cluttons","date":"December 5, 2016","format":false,"excerpt":"\r Rents have fallen by 9.4 per cent across Abu Dhabi's residential investment areas since the start of the year according to new research. The decline outpaced a fall of about 5.2 per cent in the value of homes over the same period, according to a report from Cluttons. It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29633,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-construction-update-projects-at-yas-island-nareel-island-reem-island-and-raha-beach-coming-along\/","url_meta":{"origin":15978,"position":5},"title":"Aldar construction update: projects at Yas Island, Nareel Island, Reem Island and Raha Beach coming along","date":"October 12, 2016","format":false,"excerpt":"\r Aldar has said that it had completed all of the internal block work on its first housing project on Abu Dhabi's high-profile leisure destination Yas Island.In a construction update issued on Wednesday, Abu Dhabi's largest listed property developer said that external block work was now progressing at the 546\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15978"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15978"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}