|
Hydra Village, located in Al Shahama Abu Dhabi, has successfully completed phase one of construction. Abu Dhabi developers, Hydra Properties, has this week begun the handover of 448 properties to homeowners and investors.
Hydra Village is a major new residential development just outside Abu Dhabi city, ideally located for the area that will become ‘new Abu Dhabi’ in line with plan 2030. When the whole project is complete, it will offer comfortable living to more than 10,000 residents.
The completion of phase one of Hydra Village follows extensive strategic consolidation efforts across the Hydra Properties portfolio over the last four years. Following the global financial crisis in 2008 -9, many of the company’s ambitious expansion plans were put on hold, however the company has steadily persevered to bring the Hydra Village project closer to its first milestone with the completion of two development zones out of ten in the project, Zones 4 and 7.
Ali Saeed Bin Sulayem, Chief Executive Officer of Hydra Properties, said:
“We have worked quietly but steadily over the past four years to fulfil our pledge to deliver these wonderful homes to our customers. Each home is built to the high levels of quality that our customers expect and the development as a whole will be a vibrant, family-friendly community.
“Since the launch of the project we have faced a number of challenges as a result of the global financial crisis, which had an impact on all real estate developers. We successfully implemented an aggressive consolidation strategy, re-allocating customers from underperforming and risky projects into projects that have shown strength, such as Hydra Village. The completion of phase one at Hydra Village is the first in a series of milestones we will celebrate as it shapes up to become a comfotable residential community.”
Situated within easy reach of Yas Island, Al Raha and the future Capital District, Hydra Village’s location means residents will be able to travel into Abu Dhabi and Dubai with ease of access and convenience. The development is situated close to Delma Mall, Mussafah and Deerfield Town Square Mall, just a few kilometres away from the development, opening in Q4 this year.
The self-sustaining community development will offer UAE residents quality facilities including shops, restaurants, indoor and outdoor gyms, swimming pools, children’s play areas, and landscaped areas, set to open in the next few months.
Mohamad Al-Habech, Chief Commercial Officer at Hydra Properties, said:
“Our commitment to our remaining projects is as fierce as ever. We have ridden out several hurdles and setbacks on our journey like all real estate developers following the downturn, however we were able to take away key learnings and experiences which help make us stronger today.
“We are now focusing all our efforts now on the other zones at Hydra Village and on the Hydra Avenue development on Reem Island. Successful completion of these projects will help bring back consumer confidence in our company and in the recovery of the Abu Dhabi real estate market.”
Zone 8 of the Hydra Village project is currently 50 per cent complete, whilst Zone 6 is approximately 30 per cent complete.
The development intersperses rows of two and three bedroom townhouses with greenery and outdoor public space in a nod to intuitive and sustainable community design.
|
New
Review
Abu Dhabi International Airport - 41°F
