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Aug 29
Q Real Estate Company, a subsidiary of Q Holding Company listed on the Abu Dhabi Stock Exchange, announced the award of a tender contract for the implementation of the first phase of Reem Hills Villas, at a cost of 1.75 billion dirhams, to Trojan General Contracting Company.
Trojan General Contracting Company will build 218 fully sold luxury villas, ranging from 4 to 7 bedrooms, with a built-up area of 3 million square feet, within the luxurious gated Reem Hills project on Reem Island in the heart of the capital, which is characterized by its uniqueness and the highest levels of luxury and comfort.
Majed Odeh, CEO of Q Holding Company, said: “This announcement comes to confirm our firm commitment to the project implementation schedule. After this careful selection process, we are very pleased with the great progress made by the Q Real Estate team with the aim of implementing this distinguished project.”
The Reem Hills project is considered one of the most important projects of Q Real Estate, which includes many residential, commercial and retail projects currently under implementation, which extends over a vast area of more than 30 million square meters, as the company strategically converts previously uninhabited spaces into dynamic urban complexes to meet the demand Growing on real estate developments in the UAE market.
Mohamed Mahmoud, CEO of Trojan General Contracting Company, said: “We express our happiness at being chosen by Q Holding, which placed its trust in us to deliver the first-stage villas, and we are all proud to be part of this prestigious project, and since work on the first-stage villas will begin in September.” By 2023, we are very keen to work closely with the Q team to achieve Reem Hills’ vision, which represents a new and distinctive era for the design of the capital’s community.”
It is worth noting that the upcoming launch of the third and final phase of Reem Hills apartments is receiving great interest, based on the remarkable success achieved by the previous phases of the project, which were completely sold out immediately after their launch.
The final stage will continue to work to achieve the aspirations of the Reem Hills complex, and to fulfill the commitment of Q Holding Company to contribute to the economic development of Abu Dhabi and support the ambitions of the United Arab Emirates to lead globally.
