ASG Stallions Group UAE wins management contract for AED 8 billion Reem Hills project

ASG Stallions Group UAE wins AED 8 billion management contract for Reem Hills project

UAE, Abu Dhabi: ASG Stallions Emirates Group has announced that Royal Developments, the UAE’s leading real estate project management company and its subsidiary, has been awarded a management contract for the luxury residential project “Reem Hills “, which he has done recently. launched on Al Reem Island in Abu Dhabi, worth AED 8 billion.

The first phase of the project is scheduled to be completed in December 2024, for Royal Development to fully manage its management, ranging from running the planning phase to implementation, including the design and oversight of all contractors in the project.

Kayed Kharma, CEO of Stallions Emirates Group, commented: “We are delighted to have won the contract to manage the Reem Hills project. project management and engineering works. ”

The “Reem Hills” project, which is located on the island of Al Reem in the capital of the United Arab Emirates, covers an area of ​​1.8 million cubic metersIt is expected to become one of the pioneering projects leading the next phase of Abu Dhabi’s progress towards sustainable living thanks to its innovative and environmentally friendly design, which is in perfect harmony with the surrounding nature and ensures easy use of facilities and services. communal. The project will include the most luxurious residential units of its kind in the UAE, with ample areas within an exclusive affluent community.

For his part, Majed Fouad Mohamed Odeh, CEO of Q Holdings – the company that owns Q Real Estate, said: “With confidence in the real estate sector in the UAE growing in trust and its continued growth, Reem Hills is coming in. It’s time to meet the growing demand for residential properties.We are delighted that Royal Developments is joining us to manage the Reem Hills project in Reem Island, through which we offer the best residential units in the heart of the capital of the United Arab Emirates. “

Q Real Estate has designed the “Reem Hills” project under the umbrella of Q Holding Company, in a way that gives its residents a unique atmosphere that immerses the senses in luxury and tranquility away from the pressures and accelerated pace of daily life.

The project focuses on providing sustainable living solutions that contribute to shaping the growth traits in Abu Dhabi and fulfilling the desires of the population for the diversity of their cultures, as well as designing spacious living spaces characterized by luxury and coolness. of residents to enjoy a luxury. life to be a solid foundation from which citizens and residents move towards a comfortable lifestyle Environmentally friendly construction and maintenance practices that are fully compatible with and enhance daily life.

It should be noted that the Reem Hills project includes a private beach, an artificial hill, a number of islands, a canal, commercial and community facilities, including but not limited to open spaces and a private park in addition to schools, mosques, the community. centers, clubs, cafes, restaurants, recreation areas, hiking trails, exercise areas and Bicycle trails and many transportation options.

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About Emirates Stallions Group

Emirates Stallions Group is listed on the Abu Dhabi Stock Exchange with a portfolio of 15 subsidiaries operating in 7 different sectors, offering its services and products in more than 20 countries in the Middle East, Africa, Asia, Europe and America. . The Group operates in the fields of investment, construction and real estate, and manages a diversified portfolio that offers comprehensive solutions for its divisions, namely: development, consulting, design, project management, construction, landscape and outdoor space, hospitality management and all similar. services. Thanks to this unique range of services, the group supports its companies to be able to work in an integrated way that enables them to offer comprehensive solutions, being able to work individually at the same time.

circle Royal Development Company

Royal Developments is a subsidiary of Emirates Stallions Group, a leading real estate project management company based in the UAE, offering its integrated real estate development solutions at various stages of the project – by including feasibility study, design, project management, cost management, and sales, marketing, and purchasing management. The group has made considerable progress to become a prominent name on the global stage, as it has implemented many projects and is currently planning more of them in more than 20 countries in Africa, Asia, Europe and America.

About Q Real Estate

Q Real Estate is one of the leading companies of the investment group “Q Holdings” based in Abu Dhabi, and works to provide sustainable living solutions that contribute to shaping the next phase of growth in the region. The company meets the wishes of different segments of the population with different cultural backgrounds by designing luxury homes that become part of a luxurious lifestyle, applying environmentally friendly construction and maintenance practices that fully harmonize and improve the daily lives of residents.

For media questions, please contact:

Ahmed Ibrahim

Head of Corporate Communication and Media Affairs Department

Ahmad.ibrahim@ihcuae.com

Gemma Sexton

headmanagementCorporate Communications

gemma.sexton@ihcuae.com

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