Latest phase of Reem Hills sold out says Q Properties
The phase offered 593 residential units including villas, twin villas and townhouses
Q Properties has announced that all available homes in its recently-launched phase of Reem Hills, a US $2.2bn gated community on Abu Dhabi’s Al Reem Island, have been sold out.
According to the developer, the new phase offers 593 residential units in all, including villas, twin villas and townhouses, strategically placed among green parks and served by convenient amenities, all aiming to deliver a superior quality of life.
It boasts five clusters of luxury residential units, ranging from three-bedroom townhouses to seven-bedroom villas, each with views of the area’s beaches.
CEO Ben Hudson explained that there is a tremendous opportunity to create some outstanding new destinations that not only meet the needs of customers, but also help to improve the world around us.
In late January 2023, Yas Holding launched its property development arm, Taraf and, in early February 2023, Aldar announced a new project on Saadiyat Island.
He remarked, “My goal as CEO is to build on the strong foundation that has already been laid, and to lead this company into a future of growth and success. I’m committed to working closely with our talented team to identify new opportunities and push the boundaries of what’s possible in the real estate industry.”
Kamilia Alqam, Head of Marketing and Communication at Q Holding, said the development presents a unique, visionary opportunity to live in a neighbourhood centered around a man-made hill adjacent to a fabulous beach environment.
She concluded, “It is designed to embody Abu Dhabi’s aspirations to be a smart and sustainable city, while providing the highest quality of life for residents and fulfilling the needs of the community for both the present and future.”
In mid February 2023, Deloitte said its real estate outlook was positive in Dubai and Saudi Arabia.