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Eagle Hills Properties

From Wikipedia, the free encyclopedia
Eagle Hills Properties
Company typePrivate
IndustryReal estate
Founded2014; 10 years ago (2014)
Area served
Middle east, Europe, Africa
Key people
Mohamed Alabbar
Websitewww.eaglehills.com

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 managing director of Emaar Properties, while Emaar Properties PJSC owns a 25% stake in the company since 2023.[3]

History

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Eagle Hills was established in 2014 in United Arab Emirates.

In April 2016, Eagle Hills unveiled The Address Fujairah Resort Spa.[4] In June 2016, Eagle Hills began construction at Fairmont La Marina in Morocco.[5] and the 200-room hotel, set to open in 2019.[6][needs update]

In January 2018, Sultan bin Muhammad Al-Qasimi, Supreme Council Member and Ruler of Sharjah, unveiled three new projects in Sharjah[7] — 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).[8] In November 2018, Eagle Hills launched a residential development (of 4,000 residences in an area of approximately 360,000 sqm) in Addis Ababa, in the setting of La Gare (‘the station’ in French) train station.[9]

In March 2019, Eagle Hills Properties was short-listed to lead the project City within the City in Zagreb, Croatia,[10] and completed the first phase of residential developments within the Maryam Island with the sales launch of the residential units of Indigo Beach Residence.[11]

The company is chaired by Mohamed Alabbar.[12]

Other projects

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Oman

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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.[13]

Serbia

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In April 2015, Eagle Hills signed a joint venture agreement with representatives from the government of the Republic of Serbia for the Belgrade Waterfront.[14] The project sparked major controversy as the entire project was reputedly planned in secret, with no public participation,[15] which was later followed by protests in the capital city.[16] Construction work began on the first residential building in October 2015.[17][needs update]

References

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  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. ^ Emaar Properties PJSC (2024-03-14). "Consolidated Financial Statement for the year 2023" (PDF). DFM.
  4. ^ "Eagle Hills Awards Works Contract for Address Fujairah Resort to J&P", Gulf Business, 15/11/2017
  5. ^ "Fairmont Expands Into North Africa With Luxury Hotel Development in La Marina Morocco", Fairmont, 30/11/2015
  6. ^ "Fairmont, Eagle Hills to open new hotel in Morocco".
  7. ^ "Eagle Hills unveil plans for Dh2.7bn trio of real estate projects in Sharjah", The National, 16/01/2018
  8. ^ "Shurooq, Eagle Hills unveil plans for Dh2.7bn trio of real estate projects in Sharjah". The National. 17 January 2018. Retrieved 2019-05-18.
  9. ^ "Eagle Hills expands to Ethiopia", Khaleej Times, 19/11/2018
  10. ^ "UAE Company Eagle Hills Selected for Zagreb Development Project". www.total-croatia-news.com. Archived from the original on 2019-05-18. Retrieved 2019-05-18.
  11. ^ Staff Report. "Eagle Hills Sharjah announces sales launch of Indigo Beach Residence". Khaleej Times. Retrieved 2019-05-18.
  12. ^ "4220.SA Company Profile & Executives - Emaar The Economic City - Wall Street Journal". wsj.com. The_Wall_Street_Journal. June 2022.
  13. ^ "Mandarin Oriental Hotel Group Website", Mandarin Oriental Hotel Group, 25/3/2019
  14. ^ "Belgrade Waterfront opens the floodgates for development", Gulf News Property, 7/11/2018
  15. ^ Slavković, Ljubica (2015-05-15). "Belgrade Waterfront: An Investor's Vision of National Significance". Failed Architecture. Retrieved 2024-06-04.
  16. ^ "Controversy surrounds Belgrade Waterfront development". BBC News. 2016-06-21. Retrieved 2024-06-04.
  17. ^ Paromita Dey, "Eagle Hills' Serbia project begins construction", Construction Week Online, 5/10/2015
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