Hydra Properties, the Abu Dhabi-based master planner and developer, today announced it is offering units in the Marina Heights I residential tower, following an investment by the company in the project. Hydra has purchased 40 floors of the tower, comprising 50 apartments covering 64,000 sq ft, which is part of Marina Square on Reem Island, being developed by its sister company Tamouh, and part of the first phase to be delivered in June.

Hydra Properties will now offer some of its earliest customers the opportunity to relocate investments to one of the Marina Heights I apartments, should they wish accelerated delivery of homes. The initiative is part of the company’s ongoing efforts to offer choice and quality to its customers, and to help those investors who wish to move in to their homes earlier.

Mr Ali Bin Sulayem, Hydra Properties’ Chief Executive Officer, said:

“With this investment in our sister company’s development, we are able to offer units in one of the first new towers to be completed in Abu Dhabi and on Al Reem Island this year. Handover at Marina Heights is expected during June.

“In common with other major Abu Dhabi developers, we have more customers wanting to move into properties than we have units being completed this year – and so this offers a great new choice for some of those customers.

“We will be offering this opportunity on a first-come, first served basis – so our very first customers will be offered this option initially.”

Hydra said the 50 apartments include a range of sizes, ensuring there are different options for customers. Customers wishing to switch to these units will do so at no financial penalty.

Hydra also confirmed strong construction progress of its main projects. Mr Bin Sulayem said:

“We have just released latest updates of the construction work at our major projects and customers can see these developments really taking shape. Hydra Village in particular has seen extensive work, with more than 78% of homes in zone 7 completed and the first floor completed in two thirds of all homes in zone 4.

“Over the next 18 months, we expect to deliver more than 8,500,000 sq ft of residential property at our various projects.”

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear