Lamar Residence

TL;DR — Lamar Residences at a Glance Four mid-rise waterfront towers delivering 435 residences — apartments, duplexes and townhouses — across the Al Seef precinct of Al Raha Beach, Abu Dhabi. Originally developed by Aabar Properties (a Mubadala / Abu Dhabi government-linked entity) and acquired in June 2023 by Ethmar International Holding (EIH) for AED 1 billion, the project stretches 300 metres along the shoreline with direct beach access, leisure pools, sky gardens, retail and a waterfront promenade. Fully completed since April 2021, Lamar Residences is a freehold development eligible for the UAE 10-year Golden Visa, with 1-bedroom units delivering approximately 5.9% gross rental yield.

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Overview — Waterfront Living on Abu Dhabi's Al Raha Beach

Lamar Residences is a four-tower, mid-rise residential development positioned on one of the most sought-after waterfront corridors in Abu Dhabi — the Al Seef precinct of Al Raha Beach. Spanning approximately 115,000 square metres and stretching 300 metres along the shoreline, the development delivers a carefully layered community: four residential towers — Tower A, Tower B, Tower C and Tower D — rise 10 storeys above a shared podium that connects all buildings and houses the community's amenities, retail outlets, and the waterfront promenade.

The project began as an Aabar Properties initiative. Aabar Properties LLC was established in 2010 as a subsidiary of Aabar Investments PJS, which was itself originally owned by IPIC (International Petroleum Investment Company) — a wholly-owned entity of the Abu Dhabi government. Following corporate restructuring in 2016, Aabar Investments came under the management of Mubadala Investment Company, Abu Dhabi's sovereign wealth fund. Aabar Properties has delivered more than 6,000 residential units across Abu Dhabi, including landmark projects such as Bay Tower (46 floors, Corniche), Al Durrah Tower (twin 42-floor towers on Al Reem Island), and The Kite (29 floors, Al Reem Island).

In June 2023, Ethmar International Holding (EIH) completed a full acquisition of Lamar Residences for approximately AED 1 billion, including shareholders' returns. EIH executed the purchase through its real estate subsidiary I Properties. EIH CEO Ali El Gebely described the acquisition as part of a "multi-objective strategic expansion plan." The project is now fully operational and managed on the ground by Al Saqer Property Management (ASPM), with sales relaunched for the entirely completed, move-in-ready inventory.

With 435 residences ranging from 1-bedroom apartments to 4-bedroom duplexes and podium-level townhouses, Lamar Residences serves owner-occupiers and investors seeking a waterfront Abu Dhabi address. The freehold tenure is open to all nationalities, and qualifying ownership values unlock the UAE's 10-year Golden Visa.

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Location — Al Seef Precinct, Al Raha Beach, Abu Dhabi

Al Raha Beach is one of Abu Dhabi's major waterfront master communities, developed by Aldar Properties along the Abu Dhabi–Dubai highway (Sheikh Zayed Road / E10). The master plan encompasses eleven sub-precincts; Lamar Residences occupies the Al Seef precinct, positioned directly on the waterfront.

Key distances from Lamar Residences:

• Abu Dhabi Zayed International Airport (AUH): approximately 10 km / 10–15 minutes by car — positioning the project among the closest major residential developments to the capital's expanded international terminal
• Abu Dhabi city centre / Corniche: approximately 25–30 minutes by car
• Yas Island (Ferrari World, Warner Bros. World, Yas Waterworld, Yas Mall): 15–17 minutes
• Al Raha Mall: 5 minutes
• Al Raha Beach Hotel (5-star): 5 minutes
• Al Bandar and Al Muneera precincts (marina, dining, Carrefour): 6 minutes
• Dubai International Airport (DXB): approximately 131 km / 1 hour 15 minutes

The Al Seef precinct's appeal lies in its location between the established residential precincts of Al Zeina and Al Bandar — close to schools, healthcare, and leisure attractions, while retaining the direct waterfront address that defines Al Raha Beach. The International School of Choueifat, NMC Royal Hospital, Amana Healthcare, and multiple nurseries are within a short drive.

Al Raha Beach is designated a freehold zone under Abu Dhabi real estate regulations, permitting property ownership by all nationalities. The community is managed at the master plan level by Aldar Properties, with building-level management handled by Al Saqer Property Management (ASPM).

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Architecture — Four Towers, One Connected Community

The four towers of Lamar Residences — each rising 10 storeys — adopt a contemporary residential aesthetic characterised by clean geometric massing, glass-and-panel facades designed to maximise natural light and waterfront views, and generous balconies and terraces on every unit. Towers are oriented to ensure the maximum number of residences capture views over Al Raha Creek, the Al Raha Beach channel, and the wider Abu Dhabi waterfront.

A shared elevated podium connects all four towers at ground level, creating one cohesive community rather than four separate buildings. This podium structure accommodates the primary amenity deck, pool areas, landscaped gardens, children's facilities, sports courts, and the pedestrian waterfront promenade. Residential units with townhouse configurations — including 2, 3 and 4-bedroom townhouses spanning up to 5,700 square feet — are positioned within the podium footprint, offering multi-level private living with direct garden access.

The development includes approximately 20,365 square feet of retail and F&B space at ground level, ensuring walkable access to cafes, restaurants, and convenience retail without leaving the gated community perimeter.

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Amenities — Resort-Standard Waterfront Living

Lamar Residences is equipped with a comprehensive suite of lifestyle amenities that complement its waterfront setting and position it as a self-contained community:

Water & Wellness:

• Leisure swimming pools, including dedicated children's pool
• Sauna and steam rooms
• Yoga area

Fitness:

• High-tech gymnasium with modern fitness equipment

Outdoor & Waterfront:

• 300-metre waterfront promenade — direct pedestrian access along the Al Raha Beach shoreline
• Private beach frontage and beach access
• Sky gardens, rooftop terraces and lounge areas
• BBQ and outdoor entertaining zones
• Landscaped gardens and green spaces throughout the podium deck
• Jogging and cycling tracks

Sports:

• Badminton courts
• Volleyball court
• Basketball court
• Table tennis

Children:

• Indoor toddlers' playroom
• Outdoor children's adventure playground

Community Services:

• 20,365 sqft of retail and F&B outlets (cafes, restaurants, convenience)
• 24/7 concierge service
• 24/7 security with comprehensive CCTV coverage
• Covered parking allocated per unit
• Games room

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Unit Types & Sizes — From Apartments to Waterfront Townhouses

Lamar Residences offers a diverse residential typology. The offering begins at 1-bedroom and extends to 4-bedroom duplexes and townhouses, with no studio apartments in the mix:

Apartments: | Unit Type | Size Range (sqft) | Size (sqm approx.) | |---|---|---| | 1-Bedroom | 870 – 1,001 sqft | 81 – 93 sqm | | 2-Bedroom | 1,297 – 1,516 sqft | 121 – 141 sqm | | 3-Bedroom | 1,789 – 2,074 sqft | 166 – 193 sqm | | 4-Bedroom | 2,327 – 2,343 sqft | 216 – 218 sqm |

Duplexes & Penthouses: | Unit Type | Size Range (sqft) | Size (sqm approx.) | |---|---|---| | 3-Bedroom Duplex | 3,735 – 3,970 sqft | 347 – 369 sqm | | 4-Bedroom Duplex / Penthouse | 4,183 – 5,041 sqft | 389 – 468 sqm |

Podium Townhouses: | Unit Type | Size Range | |---|---| | 2-Bedroom Townhouse | ~2,750 – 3,045 sqft | | 3-Bedroom Townhouse | 2,784 – 3,400 sqft | | 4-Bedroom Townhouse | ~3,507 – 5,700 sqft |

All apartments include balconies or terraces with water or community views. Townhouses offer multi-level private living with direct podium garden and promenade access. Premium finishes throughout reflect the waterfront positioning of the development.

Current Market Pricing (Resale / Post-EIH Relaunch):

• 1-Bedroom: from AED 1,563,000 (approx. AED 1,674–1,777/sqft)
• 2-Bedroom: from AED 2,063,880 (approx. AED 1,448–1,850/sqft)
• 3-Bedroom: from AED 3,380,000 upwards
• 4-Bedroom: from AED 3,241,000 upwards
• 2BR Townhouse: from AED 3,542,000
• 3BR Townhouse: from AED 4,499,990

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Developer — Aabar Properties & Ethmar International Holding (EIH)

The development history of Lamar Residences reflects Abu Dhabi's broader institutional property ecosystem. Aabar Properties LLC, the original developer, was established in 2010 as a subsidiary of Aabar Investments PJS — itself an Abu Dhabi government-linked entity originally under IPIC and later reorganised under Mubadala Investment Company, one of the world's largest sovereign wealth funds. Aabar Properties delivered more than 6,000 residential units across Abu Dhabi over its development history.

Ethmar International Holding (EIH), operating through real estate subsidiary I Properties, acquired the fully completed Lamar Residences portfolio in June 2023 for approximately AED 1 billion. Since acquisition, EIH has managed and relaunched sales of the project under active marketing campaigns, with Al Saqer Property Management (ASPM) providing on-site management, maintenance and tenant services.

The project is registered and governed under Abu Dhabi's real estate regulatory framework, administered by the Abu Dhabi Department of Municipalities and Transport (DMT).

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Investment Summary — Stabilised Waterfront Yields, Golden Visa Eligible

Lamar Residences is a fully completed, stabilised asset in one of Abu Dhabi's most established waterfront master communities, offering immediate rental income potential with no construction risk.

Rental Performance:

• 1-Bedroom yield: approximately 5.9% gross annual ROI (Q3 2023 data)
• Overall project ROI: approximately 5% gross across all unit types
• Current annual rental asking prices:
  • 1-Bedroom (936 sqft): AED 147,000–150,000/year
  • 2-Bedroom: AED 147,000–220,000/year
  • 3-Bedroom: AED 175,000–215,000/year
  • Average annual rental: approximately AED 164,494 across all unit types

Ownership & Visa Eligibility:

• Freehold title — available to all nationalities
• UAE 10-year Golden Visa eligibility for qualifying property purchase values
• DLD-equivalent registration via Abu Dhabi DMT

Capital Context:

• Sale prices: approximately AED 1,393–1,898/sqft for standard apartments
• The AED 1 billion institutional acquisition by EIH in June 2023 — at a blended portfolio average of approximately AED 2.3 million per unit — reflects institutional conviction in the asset's long-term value
• Professional property management in place (ASPM) providing rental and maintenance services
• Abu Dhabi's Al Raha Beach waterfront corridor continues to appreciate as the broader Yas Island and Al Raha area matures, with Zayed International Airport expansion driving further demand for proximate residential

Practical Notes:

• DLD transfer fee equivalent: 2% under Abu Dhabi regulations
• Service charges: Al Raha Beach waterfront properties typically carry service charges in the AED 15–25/sqft annual range (exact figure available via Abu Dhabi DMT or ASPM directly)