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.

Official logo

History

Eagle Hills was established in 2014.

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, His Highness Sheikh Dr. 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 strategic 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 the heart of 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]

Company

Eagle Hills Properties develops large-scale master-planned communities and mixed-use facilities in across Europe, the Middle East and North Africa spanning countries such as Bahrain, Jordan, Morocco, Serbia and the UAE.

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 that features 850 premium residential units ranging from 52 to 406 square metres in size.

May 2016 marked the official launch of Eagle Hills Jordan's on-site sales centre in Aqaba for Al Raha Village, a private residential neighbourhood with over 400 residential units including apartments, villas and townhouses. Eagle Hills Jordan handed over phase one of the project in March 2017.

In the same year, Eagle Hills Jordan signed a Memorandum of Understanding (MoU) with HRH Princess Ghida Talal, Chairperson of the Board of Trustees of the King Hussein Cancer Foundation (KHCF) and King Hussein Cancer Center (KHCC), to sponsor KHCF's 'Dreams Come True' programme.

Eagle Hills revealed its fourth project in Jordan in October 2017. The development features the W Amman hotel and The Skyline Residences, which is home to 41 W Amman serviced residential units that range from 78 to 320 square metres in size and include one, two, three and four-bedroom apartments.

In July 2017, Eagle Hills Jordan relocated its main offices to Amman’s new central business district of Abdali. The new offices are located in the podium of the 37-floor building that houses the W Amman hotel and The Skyline Residences.

Morocco

In June 2016, Eagle Hills began construction at Fairmont La Marina[9] Rabat-Salé Hotel and Residences, which is part of the La Marina Morocco master development. The mixed-use development covers 42,000 square metres of land and will feature 79 Fairmont branded residential units, as well as a 200-key hotel. The project is due for completion in 2019 and sales were officially launched in September 2016.

Eagle Hills announced its Rabat Square project in April 2017. Rabat Square is a mixed-use development of 12 buildings with 104 residential units located in the Dar Es Salam district. The first construction phase began in 2017 and is due for completion at the end of 2019.

Eagle Hills completed construction work on the first phase of The Arts & Crafts District within the La Marina Morocco master development in May 2017. The development features 220 one to five-bedroom apartments. In March 2017, a Moroccan construction company was appointed to complete the second phase of the project.

In May 2017, Eagle Hills announced its La Bahia Blanca project, a luxury resort of 40 villas in Tamuda Bay.

Oman

In May 2018, Eagle Hills announced its entry into Oman with the launch of Mandarin Oriental, Muscat. The property will 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, which is set to open in 2021, will feature 150 guestrooms and suites, five restaurants and bars, a Spa at Mandarin Oriental and an outdoor swimming pool.

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. The twin-tower complex has an indoor swimming pool, a yoga and lounge area, a modern health club, a children’s play area and pool, roof gardens and a podium deck.

April 2016 marked the official ground-breaking ceremony for Kula Belgrade,[12] the building of the Belgrade Waterfront project. Standing at over 160 metres tall, Kula Belgrade will be the highest hotel and residential building in Serbia. It will combine residential, commercial, hospitality, entertainment and retail elements. In the same month, Starwood Hotels & Resorts Worldwide Inc. announced The St. Regis Belgrade and The Residences at The St. Regis Belgrade. Owned by Belgrade Waterfront LLC, the 125-room hotel will also feature 220 St. Regis branded residences in Kula Belgrade. The project is due for completion in 2020.

Bahrain

In 2015, Eagle Hills entered into a joint venture agreement with Diyar Al Muharraq, the developer of mega-project Diyar Al Muharraq and established Marassi Al Bahrain. Marassi Al Bahrain offers a mix of residential and commercial properties.

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References

[13][14] [15][16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44]

  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. Report, Staff. "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
  13. "Eagle Hills, Shurooq launch Dh2.7 billion projects in Sharjah". khaleejtimes.com. Khaleej Times. 16 January 2018.
  14. "Emaar boss uses Eagle Hills property firm to revive push into Africa". thenational.ae. The National (Abu Dhabi). 13 January 2015.
  15. "$3.5 billion earmarked for Abuja City Center development". africapropertynews.com. Africa Property News.
  16. "Eagle Hills set to launch new mixed-use project in Bahrain". arabianbusiness.com. Arabian Business.
  17. "J&P wins Fujairah resort construction deal", Dubai Informer, 15/11/2017
  18. "Cypriot group J&P wins Fujairah luxury resort deal", Trade Arabia, 15/11/2017
  19. "Eagle Hills awards main works contract for Address Fujairah Resort and Spa", Emirates News Agency, 15/11/2017
  20. "UAE's Eagle Hills awards main works contract for Address Fujairah Resort and Spa", Business and News, 15/11/2017
  21. "The Address Fujairah Resort + Spa breaks ground", Hotelier Middle East, 15/11/2017
  22. Syed Ameen Kader, "Fujairah: tiny emirate’s big strides in real estate", Gulf News, 7/2/2018
  23. "Eagle Hills awards Fujairah Beach contract", Gulf Construction, 7/2/2018
  24. "Mega projects launched in Sharjah", Hospitality News Middle East, 23/1/2018
  25. "Three real estate projects worth AED2.7bn launched in Sharjah", Saudi Gazette, 19/1/2018
  26. "Eagle Hills and Shurooq to develop 3 projects worth Dh2.7 billion", Gulf Property, 17/1/2018
  27. Carla Sertin, "Eagle Hills, Shurooq JV Launch $735 Million Property Projects In Sharjah", Forbes Middle East, 17/1/2018
  28. "Construction Work on ‘Marassi Shores Residences’ Progresses ahead of schedule", Bahrain This Week, 18/2/2018
  29. "Marassi Al Bahrain gears up for wellness fest’ Progresses ahead of schedule", Travel & Tourism News Middle East, 1/12/2017
  30. "Marassi Al Bahrain to host Wellness Festival’ Progresses ahead of schedule", Bahrain This Week, 6/12/2017
  31. Lucy Barnard, "Emaar boss uses Eagle Hills property firm to revive push into Africa", The National, 13/1/2015
  32. "Abu Dhabi-backed property firm to revive push into Africa", Africa Property News, 22/1/2015
  33. "$3.5 billion earmarked for Abuja City Center development", Africa Property News, 10/3/2015
  34. "UAE developer Eagle Hills launches fourth Jordan project", Arabian Business,29/10/2016
  35. "Eagle Hills Jordan welcomes Douglas Small as new CEO", The Jordan Times, 29/6/2017
  36. Paromita Dey, "UAE's Eagle Hills unveils new project in Jordan", Construction Week Online, 20/10/2016
  37. Sophia Soltani, "Eagle Hills Jordan To Open W Hotel Amman", Hotel News Middle East, 11/11/2016
  38. "Mohamed bin Zayed, King Mohammed VI of Morocco attend signing of agreements and MoUs 2ndadd", Emirates News Agency, 18/3/2015
  39. "Abu Dhabi developer opens office in Bahrain", Trade Arabia, 25/11/2015
  40. "Abu Dhabi developer opens office in Bahrain", GDN Online, 25/11/2015
  41. "UAE's Eagle Hills opens Bahrain office, sees 'great potential'", Arabian Business, 4/2/2015
  42. "UAE's Eagle Hills in talks to finance $150m Moroccan project", Arabian Business, 18/3/2015
  43. Lucy Barnard, "Eagle Hills begins work on $3bn mega-project in Belgrade", The National, 4/10/2015
  44. "UAE's Eagle Hills presents new project in Serbia", Arabian Business, 29/6/2014
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