Julphar Residence is a 23-storey tower built by RAK Properties in the heart of Al Reem Island. It is located away from the hustle and bustle of the city, but still offers convenient access to all essential infrastructure.
The project features studios and 1–3 bedroom apartments , which are already delivered and ready for occupancy. Panoramic windows provide a picturesque view of the coastline, while the finishes and interior design are crafted from natural materials.
Studios and apartments in Julphar Residence can be a profitable acquisition to either reside in or rent out. According to data from 2023, Al Reem Island became the most sought-after area in Abu Dhabi to rent studios and apartments. The rental price for residences with 1 bedroom starts from AED 57,000 (USD 16,000), and the investment yield is from 6.9%.
Real estate in Al Reem Island is in stable demand due to the developed infrastructure of the island, including recreational areas for the whole family, shopping, and entertainment venues. Business centres can also be found in the area, making it more attractive to employees of nearby companies.
RAK Properties is one of the leading developers in Abu Dhabi, as well as in other emirates. In addition to construction, the company provides property management services to over 2,000 residential and commercial real estate units. Its portfolio includes over 30 completed projects and over 50 under construction. RAK Properties places a special emphasis on sustainable construction technologies, comfortable infrastructure and landscaping.
To ensure you get the maximum benefit from selling your property. Our collaborative efforts with major banks in the emirate allows us to find favorable conditions for obtaining mortgages in Dubai.
