Eagle Hills Properties
Real estate investment company From Wikipedia, the free encyclopedia
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
 | A major contributor to this article appears to have a close connection with its subject. (September 2019) |
| |
| Company type | Private |
|---|---|
| Industry | Real estate |
| Founded | 2014 |
Area served | Middle east, Europe, Africa |
Key people | Mohamed Alabbar |
| Website | www |
History
Eagle Hills was established in 2014 in United Arab Emirates.
In April 2016, Eagle Hills unveiled The Address Fujairah Resort + Spa.[3] In June 2016, Eagle Hills began construction at Fairmont La Marina in Morocco.[4] and the 200-room hotel, set to open in 2019.[5][needs update]
In January 2018, Sultan bin Muhammad Al-Qasimi, Supreme Council Member and Ruler of Sharjah, unveiled three new projects in Sharjah[6] — 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).[7] 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.[8]
In March 2019, Eagle Hills Properties was short-listed to lead the project City within the City in Zagreb, Croatia,[9] and completed the first phase of residential developments within the Maryam Island with the sales launch of the residential units of Indigo Beach Residence.[10]
The company is chaired by Mohamed Alabbar.[11]
Other projects
Summarize
Perspective
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.[12]
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.[13] The project sparked major controversy as the entire project was reputedly planned in secret, with no public participation,[14] which was later followed by protests in the capital city.[15] Construction work began on the first residential building in October 2015.[16][needs update]
Hungary
In January 2025, the Hungarian government signed a contract to sell the area around the abandoned Rákosrendező railway station to Eagle Hills. The contract involved a development worth €12 billion, named Grand Budapest, or colloquially "Mini-Dubai". The development was to include a 500 m tall skyscraper, which is not allowed by the Budapest building code but was granted an exemption in the contract. The contract was condemned by Budapest mayor Gergely Karácsony as well as Dávid Vitézy.[17] The government eventually abandoned the plan as one of the utility companies owned by Budapest had priority purchase rights to the area.[18]
References
External links
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