Eagle Hills Properties

Eagle Hills is a private real estate investment and development company based in Abu Dhabi, United Arab Emirates.[1][2] The company is headed by Mohamed Alabbar, founder and chairman of Emaar Properties.

Eagle Hills Properties
TypePrivate
IndustryReal estate
Founded2014 (2014)
Area served
Middle east, Europe, Africa
Key people
Mohamed Alabbar
Websitewww.eaglehills.com

History

Eagle Hills was established in 2014 in United Arab Emirates.

In April 2016, Eagle Hills unveiled The Address Fujairah Resort + Spa.[3] In 2016, Eagle Hills partnered with local developer Diyar Al Muharraq to form Eagle Hills Diyar. As part of the Marassi Al Bahrain development, Eagle Hills Diyar launched Marassi Shores Residences in January 2016, Marassi Galleria in May 2016, Marassi Boulevard in January 2017, and Marassi Beach in March 2017. In April 2017, Eagle Hills announced the launch of a new mixed-use development in Fujairah city called Fujairah Beach.

In January 2018, Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, unveiled three new projects in Sharjah[4] — Maryam Island, Kalba Waterfront and Palace Al Khan. The projects have a combined value of AED 2.7 billion through a partnership between Eagle Hills and the Sharjah Investment & Development Authority (Shurooq).[5] In November 2018, Eagle Hills launched La Gare, a new community (4,000 residences set in an area of over 360,000 sqm) located in Addis Ababa, in the setting of La Gare (‘The Station’ in French) train station.[6]

In March 2019, Eagle Hills Properties was short-listed to lead the project City within the City in Zagreb, Croatia,[7] and completed the first phase of residential developments within the Maryam Island with the sales launch of the residential units of Indigo Beach Residence.[8]

The company is chaired by Mohamed Alabbar. Low Ping serves as Chief Executive Officer.

Projects

Jordan

In March 2016, Eagle Hills Jordan launched sales at Saraya Aqaba, a residential project of 850 residential units. In May 2016 Eagle Hills launched an on-site sales centre in Aqaba for Al Raha Village, a private residential neighbourhood of 400 residential units. It completed phase one of this project in March 2017.

Morocco

In June 2016, Eagle Hills began construction at Fairmont La Marina,[9] Rabat-Salé Hotel and Residences. In 2017, Eagle Hills announced a mixed-use development of 12 buildings in the Dar Es Salam district. Construction first began in 2017 and was due for completion at the end of 2019.

Oman

In May 2018, Eagle Hills announced the launch of Mandarin Oriental, Muscat in Oman. The property was due to be developed by Eagle Hills Muscat, a partnership between Eagle Hills Abu Dhabi and Izz International, and managed by Mandarin Oriental Hotel Group.[10] Mandarin Oriental, Muscat was set to open in 2021.

Serbia

In April 2015, Eagle Hills signed a joint venture agreement with representatives from the government of the Republic of Serbia for the Belgrade Waterfront,[11] a new city hub along the Sava River. Construction work began on Belgrade Waterfront Residences, the first residential building with the development, in October 2015. April 2016 marked the official ground-breaking ceremony for Kula Belgrade,[12] the building of the Belgrade Waterfront project.

References
  1. "Eagle Hills signs Dh300m financing facility". gulfnews.com. Gulf News. 22 August 2017.
  2. "Eagle Hills, Shurooq JV Launch $735 Million Property Projects In Sharjah". forbesmiddleeast.com. Forbes Middle East, Business.
  3. "Eagle Hills Awards Works Contract for Address Fujairah Resort to J&P", Gulf Business, 15/11/2017
  4. "Eagle Hills unveil plans for Dh2.7bn trio of real estate projects in Sharjah", The National, 16/01/2018
  5. "Shurooq, Eagle Hills unveil plans for Dh2.7bn trio of real estate projects in Sharjah". The National. Retrieved 2019-05-18.
  6. "Eagle Hills expands to Ethiopia", Khaleej Times, 19/11/2018
  7. "UAE Company Eagle Hills Selected for Zagreb Development Project". www.total-croatia-news.com. Retrieved 2019-05-18.
  8. Staff Report. "Eagle Hills Sharjah announces sales launch of Indigo Beach Residence". Khaleej Times. Retrieved 2019-05-18.
  9. "Fairmont Expands Into North Africa With Luxury Hotel Development in La Marina Morocco", Fairmont, 30/11/2015
  10. "Mandarin Oriental Hotel Group Website", Mandarin Oriental Hotel Group, 25/3/2019
  11. "Belgrade Waterfront opens the floodgates for development", Gulf News Property, 7/11/2018
  12. Paromita Dey, "Eagle Hills' Serbia project begins construction", Construction Week Online, 5/10/2015
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