Radiant Square — project image
✓ Resale Available

Radiant Square

From AED 1.45M·Completed Oct 2024·Accepted payment methods: credit_debit_card, bank_check,... Payment
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AED 1.45M
Starting Price
Oct 2024
Handover
Accepted payment methods: credit_debit_card, bank_check,...
Payment Plan
1 BR · Apartments
Type

Project Overview

Radiant Square at Al Reem Island in Abu Dhabi is a residential project consisting of five towers, the tallest of which has 44 floors. The towers include residential, retail, commercial and entertainment facilities and are designed to meet the diverse needs of its residents. Radiant Square includes more than 1,200 residences, three swimming pools, a variety of stores, a children's area, a gym, and various restaurants and cafes. Also known as the City of Lights, this vibrant location on Al Reem Island offers a variety of elegant 1-5 bedroom residences as well as duplexes. All apartments feature functional layouts and understated, modern design. Each residence has 1-2 balconies or spacious terraces with magnificent views of the Arabian Gulf and the city. With easy access to highways, residents have easy access to key locations on and off the island. Within walking distance of Radiant Square are SPAR Express, Waitrose, Carrefour and Al Maya supermarkets. Reem Mall, Galleria Mall and Shams Boutik, one of the largest shopping centers in the emirate, are all within a 5-minute drive. In addition to shopping, there are plenty of recreational opportunities, including cinemas, Arabian, Indian and European restaurants, an art center and more. Units are priced at the first payment plan.

Project Specifications
DeveloperRadiant
LocationReem Island
Unit Types1 BR, Apartments
AreaReem Island
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 62,567 / year
Cash-on-Cash
2.2%
Levered cashflow AED 14,717
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 667,000 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Radiant.

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Payment Structure

Accepted payment methods: credit_debit_card, bank_check,...

Published payment summary

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Lobby
Retail outlets
SPA
Security and CCTV
Shared gym & fitness

Location

Reem Island

Nearby Destinations

Reem Island

Developer and Project Facts

01

Radiant Square by Radiant

02

Located in Reem Island

03

Starting from AED 1,450,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Oct 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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