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About This Project
Elie Saab Waterfront is the second and final phase of Ohana Development's collaboration with Lebanese fashion icon Elie Saab. The tower's facade is sculpted to mimic spiralling ocean waves and pearl forms, making it one of the most visually distinctive buildings on Al Reem Island. Inside, 173 residences spanning 1–3 bedrooms — plus one full-floor penthouse at up to 14,768 sq. ft — feature designer furniture, fully equipped kitchens, and bathrooms finished with premium fixtures, every detail bearing the Elie Saab aesthetic. Al Reem Island is one of Abu Dhabi's most connected residential addresses. Reem Mall — home to Snow Abu Dhabi and international dining — is five minutes away. GEMS World Academy, Nord Anglia, and Repton School are within 15 minutes by car, as are Cleveland Clinic Abu Dhabi and Mediclinic Al Reem Mall. Zayed International Airport is a 25-minute drive, while Saadiyat and Yas Islands are easily accessible for culture and leisure. With prices from AED 2.2M and a 90/10 payment plan, buyers commit just 10% on handover — reducing financial pressure during construction. Handover is scheduled for Q1 2027. As a limited-edition, fashion-branded tower with only 174 total units, scarcity and brand prestige underpin its long-term investment case on one of Abu Dhabi's most sought-after islands.
Investment Highlights
Average rental yield of 7.7% ROI for 1-bedroom apartments on Al Reem Island
Average rental price for 1BR on Al Reem Island is AED 69K per year
First phase sold out almost instantly, indicating strong demand
Property owners eligible for 10-year renewable Golden Visa
Payment Plan
90/10







