Julphar Residence: Al Reem Island Apartments by RAK Properties
Julphar Residence is an apartment development on Al Reem Island, Abu Dhabi, delivered by RAK Properties. The developer is a publicly listed UAE real estate company with a portfolio spanning residential and commercial assets. All units are apartments, listed at a single fixed price. Construction completed in December 2023, placing this in the delivered category. Buyers reviewing this project today are looking at a finished building, not a forward commitment.
Al Reem Island: What the Location Means Day to Day
Al Reem Island sits immediately off Abu Dhabi's northeastern coastline, connected to the mainland by several bridges. It is not a peripheral location. The island has been developing for over a decade and now functions as a complete residential neighbourhood. The central business district is roughly 10 to 15 minutes by car. Abu Dhabi Global Market Square, where many financial institutions and professional services firms operate, falls within the same range.
The island carries its own retail malls, hospitals, clinics, international schools, and public parks. For a resident working in central Abu Dhabi, the commute is short. Shopping, healthcare, and schooling are available on the island itself. The physical separation from the mainland means quieter residential streets without losing city access.
What AED 450,000 Gets You Here
All apartments in Julphar Residence carry the same listed price: AED 450,000. There is no spread across the project. Every unit, regardless of floor, orientation, or configuration, carries this single figure.
A fixed price across an entire development means the financial comparison between units resolves to specification rather than cost. Two apartments at AED 450,000 each are priced identically; what differentiates them is floor level, layout, and aspect. When price does not vary across the project, unit specification is what a buyer is actually comparing.
Seven Amenities, a Family-First Design
| Category | Amenity |
|---|---|
| Leisure | Shared Pool |
| Leisure | Landscaped Parks |
| Leisure | Restaurants |
| Fitness | Health Club |
| Fitness | Gymnasium |
| Family | Children's Pool |
| Family | Children's Play Area |
Seven amenities span three categories: leisure, fitness, and family facilities. A dedicated children's pool alongside the main shared pool is the clearest indicator of the project's intended resident profile. Providing two separate pool facilities, one for general use and one reserved for children, is a deliberate design decision that signals the expected resident type: families rather than single occupants. The health club and gymnasium provide two distinct fitness spaces. On-site restaurants bring dining into the development, and landscaped parks extend the outdoor offering beyond the pool decks.
December 2023: A Project That Has Delivered
Construction started in September 2023. The scheduled completion was December 2023. That handover point is now more than two years past. Any buyer evaluating Julphar Residence today is looking at a completed building, not a forward purchase.
The completed status changes the nature of the assessment. The physical building exists and can be visited directly rather than assessed from plans or renders. Construction risk and delivery uncertainty are no longer variables. What was structured as an off-plan purchase has run its full course.
10% to Enter, 90% at Handover
The payment plan structured the purchase in two stages: 10% at signing and 90% at handover. On a purchase price of AED 450,000, the initial signing commitment was AED 45,000. The remaining AED 405,000 came due at handover.
There was no post-handover instalment period. The full balance was payable at delivery rather than spread across subsequent years. For buyers who entered during the off-plan phase, the financial exposure concentrated at the handover event. With the project now delivered, the original payment structure has run its course.