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Eagle Hills Properties

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Real estate investment company
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Eagle Hills Properties
Company typePrivate
IndustryReal estate
Founded2014; 10 years ago (2014)
Area servedMiddle east, Europe, Africa
Key peopleMohamed Alabbar
Websitewww.eaglehills.com

Eagle Hills is a private real estate investment and development company based in Abu Dhabi, United Arab Emirates. 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.

History

Eagle Hills was established in 2014 in United Arab Emirates.

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

In January 2018, Sultan bin Muhammad Al-Qasimi, Supreme Council Member and Ruler of Sharjah, unveiled three new projects in Sharjah — 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). 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.

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

The company is chaired by Mohamed Alabbar.

Other projects

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.

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. The project sparked major controversy as the entire project was reputedly planned in secret, with no public participation, which was later followed by protests in the capital city. Construction work began on the first residential building in October 2015.

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. 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

External links

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