Eagle Hills Properties

Last updated
Eagle Hills Properties
Company type Private
Industry Real estate
Founded2014;10 years ago (2014)
Area served
Middle east, Europe, Africa
Key people
Mohamed Alabbar
Website www.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]

Contents

History

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

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. [13]

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. [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 ]

Related Research Articles

<span class="mw-page-title-main">Emirate of Sharjah</span> Constituent Emirate of the United Arab Emirates

The Emirate of Sharjah is one of the emirates of the United Arab Emirates, which covers 2,590 square kilometres (1,000 sq mi) and has a population of over 1,400,000 (2015). It comprises the capital city of Sharjah, after which it is named, and other minor towns and exclaves such as Kalba', Al Dhaid, Dibba Al-Hisn and Khor Fakkan.

Emaar Properties is an Emirati real estate development company located in the United Arab Emirates. The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai.

<span class="mw-page-title-main">Nakheel Properties</span> Property development company in Dubai

Nakheel Properties is a real estate development company based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC and it was a subsidiary of Dubai World and a private state-owned enterprise.

<span class="mw-page-title-main">Dubai Marina</span> Community in Dubai, United Arab Emirates

Dubai Marina, aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city built along a 3-kilometre (2 mi) stretch of the Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.

<span class="mw-page-title-main">Aldar Properties</span> Real estate development, management and investment company

Aldar Properties PJSC is a real estate development company owned by the Abu Dhabi government and with headquarters in Abu Dhabi, United Arab Emirates. The company's shares are traded on the Abu Dhabi Securities Exchange. The largest shareholder of Aldar is Mubadala, the UAE sovereign wealth fund.

<span class="mw-page-title-main">Mohamed Alabbar</span> Emirati businessman

Mohamed Ali Alabbar is an Emirati businessman known for founding Emaar Properties, a real estate development company involved in projects such as the Burj Khalifa and the Dubai Mall. He is also the founder and chairman of Eagle Hills, a private investment and real estate development company based in Abu Dhabi.

<span class="mw-page-title-main">Sharjah</span> Capital of the Emirate of Sharjah, United Arab Emirates

Sharjah is the third-most populous city in the United Arab Emirates, after Dubai and Abu Dhabi. It is the capital of the Emirate of Sharjah and forms part of the Dubai-Sharjah-Ajman metropolitan area. It is the third-largest emirate by population and area, known for its rich cultural heritage, history, and commitment to preserving Arab, Islamic traditions and culture.

Abu Dhabi Securities Exchange is a stock exchange in Abu Dhabi, United Arab Emirates (UAE).

<span class="mw-page-title-main">Rotana Hotels</span> Hotel company based in Abu Dhabi, UAE

Rotana Hotel Management Corporation PJSC is a hotel management company in the Middle East, Africa, the Balkans and Turkey. It has a portfolio of over 100 properties in 26 cities and operates six sub brands which include Rotana Hotels & Resorts, Centro Hotels by Rotana, Rayhaan Hotels & Resorts by Rotana, Arjaan Hotel Apartments by Rotana, Edge by Rotana and The Residences by Rotana.

<span class="mw-page-title-main">Downtown Dubai</span> Community in United Arab Emirates

Downtown Dubai or The DubaiDowntown is a large-scale, mixed-use complex in Dubai, United Arab Emirates. It was developed by the Emaar real estate development company. Before 2000 this place called was Umm Al Tarif It is home to some of the city's most notable landmarks, including Burj Khalifa, The Dubai Mall, and The Dubai Fountain. It covers an area of 2 square kilometres (0.77 sq mi), at an estimated cost of US$20 billion upon completion and, as of 2017, has a population of 13,201.

<span class="mw-page-title-main">Address Boulevard</span> 73-storey 370 m (1,214 ft) hotel in Downtown Dubai in Dubai, United Arab Emirates

Kempinski The Boulevard Dubai, previously known as the Address Boulevard, is a 73-storey 370 m (1,214 ft) hotel in Downtown Dubai in Dubai, United Arab Emirates. It has 198 five-star hotel rooms and suites. It is on the list of tallest buildings in Dubai and the list of tallest buildings in the world. It has a restaurant, 3 pools, and views of the Burj Khalifa.

Emaar India Limited is a real estate developer principally engaged in promotion, construction, development and sale of integrated townships, residential and commercial multi storied buildings, houses, flats, shopping malls, hotels, and other developments. The company develops residential and commercial projects in different parts of India, including Gurugram, Delhi/NCR, Mohali, Lucknow, Indore and other Indian cities.

<span class="mw-page-title-main">Belgrade Waterfront</span> Urban development project in Belgrade, Serbia

Belgrade Waterfront, known in Serbian as Belgrade on Water, is an urban renewal development project headed by the Government of Serbia aimed at improving Belgrade's cityscape and economy by revitalizing the Sava amphitheater, a neglected stretch of land on the right bank of the Sava river, between the Belgrade Fair and Branko's bridge.

Dubai Creek Tower is a proposed supported observation tower to be built in Dubai, United Arab Emirates. The preliminary cost of the tower was estimated at AED 3.67 billion. It was expected to be completed in 2021 at the earliest, but tower construction was put on hold at the start of the COVID-19 pandemic.

Arada is a property development company based in Sharjah, in the United Arab Emirates.

Emaar Developments is the UAE-based property development arm of Emaar Properties. The company develops residential and commercial property, shopping malls and other retail assets, as well as hospitality and leisure attractions.

Meraas is a holding company privately held and headquartered in Dubai with operations and assets in the United Arab Emirates. In 2020, Meraas become a subsidiary of Dubai Holding, following a directive from Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai.

The Sharjah Investment and Development Authority, also known as Shurooq, is responsible for the development of the Emirate of Sharjah, one of the seven emirates of the United Arab Emirates (UAE) as an investment, tourism, and business destination.

<span class="mw-page-title-main">Al Bait Hotel</span> Hotel in Sharjah, United Arab Emirates

The Chedi Al Bait Hotel is a 53-room five star heritage hotel situated in the Heart of Sharjah cultural heritage area in Sharjah, United Arab Emirates – a restoration of the traditional trading and residential district of Sharjah town.

<span class="mw-page-title-main">Sharjah Sustainable City</span> City in Sharjah, United Arab Emirates

Sharjah Sustainable City is the first sustainably built city in Sharjah, United Arab Emirates. It currently spans 7.2 million square feet in Sharjah's Al Rahmaniya Area. The city was developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers. It is divided into blocks of properties ranging from 2,035 square feet to 3,818 square feet, with a total of 1,250 sustainable properties.

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