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Old October 10th, 2006, 12:49 AM   #1
Krazy
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#PROJECT: AL REEF VILLAS (Shahama)

New Abu Dhabi project allows expats to buy villas


This is the first time expatriates can buy villas in Abu Dhabi. There will be villas for all classes of investors.

Abu Dhabi: Expatriates can buy villas in Abu Dhabi on a 99-year renewable freehold basis, for the first time, the promoters of a Dh3 billion residential project announced yesterday.

Currently, expatriates are allowed to buy only apartments in some of the capital's projects.

"UAE nationals and foreigners will be allowed to buy villas and apartments at the Al Reef Villas project. We have approval from the government for freehold sale of villas, renewable automatically after 99 years," said Mohammad M. Al Qubaisi, Chairman, Manazel Real Estate.

Abu Dhabi-based Manazel and Dubai-based Hydra Properties will jointly develop the project at Shahama, close to the Abu Dhabi-Dubai highway as well as the capital's airport.

"This is the first time expatriates can buy villas in Abu Dhabi. There will be villas for all classes of investors," Al Qubaisi told a news conference.

The Al Reef project comprises 2,500 villas and 1,500 apartments. Prices start from Dh500,000 and go up to Dh1.3 million. The project will offer two-to-five-bedroom villas and two-to-three-bedroom apartments.

Construction will begin in early 2007 and completion is slated for late 2009 in three phases.

"The project will be developed over 10 million square feet of land and will include all facilities such as schools, play areas, malls, gardens and related facilities," said Al Qubaisi.

The land is owned by Hydra Properties but has been sold to Manazel for development.
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Old October 10th, 2006, 07:28 AM   #2
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at last....what is the commute from Shahama to Downtown Abu Dhabi? 40 mins?
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Old October 15th, 2006, 12:27 PM   #3
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Shahama - Abu Dhabi

Shahama - Abu Dhabi ..50Kms.. 25min driving............that's all... So book your villa now..........
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Old October 18th, 2006, 05:00 PM   #4
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How can I book? Who is marketing this project?
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Old October 18th, 2006, 09:48 PM   #5
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Shahama - Dubai ( Dubai Marina ) ..70Kms.. 35min driving
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Old October 24th, 2006, 12:30 AM   #6
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Quote:
Originally Posted by flares View Post
at last....what is the commute from Shahama to Downtown Abu Dhabi? 40 mins?
If you count the regular traffic, then yes.
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Old October 28th, 2006, 06:56 AM   #7
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quote request for a 2 bedroom villa in shahama

Sir,

Can you please provide a quote for a 2 bedroom villa at shahama and the payment method?

best regards,
clement
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Old November 22nd, 2006, 09:32 AM   #8
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Anymore info on this project??

Anymore info on this project??
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Old January 16th, 2007, 11:25 AM   #9
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how one can book Al reef villa? is still more phase have to come for sale ? when?
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Old March 13th, 2007, 05:55 PM   #10
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Al Reef Villas booming

Al Reef Phase 1 Villas were sold in 2 days at Cityscape Dubai during November 2006. Phase II were only offered to those on the waiting list on 22nd February 2007at a premium of 6 to 7% over the Phase I prices by the developer. Details of Al Reef Villas can be found on the website www.alreef-villas.com. Villas are hot selling due to close proximity to Abu Dhabi Airport , which is undergoing massive expansion as these are just 5 mins. from the Airport , 40 minutes drive from Jebel Ali - Dubai and 20 mins. from Abu Dhabi downtown during normal traffic hours.
Number of Property Consultants are offering these for sale in secondary market, see Gulf news or Khaleej Times.
Regards,
Latif

Last edited by l0409; March 13th, 2007 at 09:13 PM. Reason: Text correction
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Old March 13th, 2007, 06:06 PM   #11
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Quote:
Originally Posted by clementstephen View Post
Sir,

Can you please provide a quote for a 2 bedroom villa at shahama and the payment method?

best regards,
clement
Original Price AED 880,000/- + Premium 10%
Completion by September 2008.
Several Stage Payments . Booking Amount Paid AED 100,000/-
First Stage Payment Due May 2007.

Last edited by l0409; March 13th, 2007 at 09:14 PM. Reason: Name insertion and text correction
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Old April 19th, 2007, 10:04 AM   #12
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Under the Flight Path?

They are now selling Phase 3 & 4.
Does any one have any info on the proimity of development to the airport?

Are these villas under the flight path??????
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Old April 30th, 2007, 09:52 PM   #13
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These villas are KILLER deals at the moment, booked a few of them today will definately appreciate nicely.
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Old May 1st, 2007, 06:51 AM   #14
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Quote:
Originally Posted by ragga View Post
These villas are KILLER deals at the moment, booked a few of them today will definately appreciate nicely.

How much are they ragga?
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Old May 2nd, 2007, 10:45 PM   #15
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I booked 3 bedroom villa's Contemporary style at 1.3m each. The payment plan is great.
5% booking
10% - 6 months (oct 2007)
10% - 6 months (mar 2008)
10% - 6 months (oct 2008)
10% - 6 months (mar 2009)
15% - 6 months (oct 2009)
40% - Handover

This investment is good as people work in JAFZA and leave in Bur dubai / karama/deira/ even sharjah.

Thats the main reason I bought into this one. JAFZA community is getting much larger, people cannot commute from dubai everyday even sharjah, so from abu dhabi to jafza its around 30 mins no traffic, even 20 sometimes.

Also, the abu dhabi people that live in the corniche are complaining about rents too.

This proposition just seemed to hard to resist. The Contemporary style villas which I purchased were released two weeks ago, and practically sold out. there are a few left, however still very much worth it.
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Last edited by ragga; May 2nd, 2007 at 10:45 PM. Reason: My english grammer has become terrible since moving to Dubai.
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Old May 3rd, 2007, 06:42 AM   #16
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makes sense

heard of a huge new development (very early stages) near Ghantoot by one of the main AD developers.

mid-range accommodation aiming for all Sharjah, Ajman, Deira residents who work this end of town.

Located just inside Abu Dhabi border but with planned links to Dubai metro.
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Old May 3rd, 2007, 08:13 PM   #17
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Prices rised by 5% this morning (developer)... :-)
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Last edited by ragga; May 5th, 2007 at 08:14 PM. Reason: My english is adapting to Dubai English.
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Old May 3rd, 2007, 08:40 PM   #18
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priced rised? man what the heck is up with your english rishi? reading too much of gulf news?
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Old May 5th, 2007, 08:15 PM   #19
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Samir... bro my english has become like a south indian who cant speak english, YET Does. I swear I graduated with an A+ in English.. and will probably fail if I EVER take a test in the near future.
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Old May 7th, 2007, 04:54 PM   #20
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Don't mess with me in english, because i have a history of exemplary grades, which are a testament to my élan (or an easier word for u guys....panache) in the contemporary language called English.
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