City of Lights' first residential towers hand over process initiated
Abu Dhabi-UAE: 7 April, 2015 - Hydra Properties, the developer of Hydra Village, has officially announced the completion of the first three multi-use towers within the Hydra Avenue, the waterfront landmark development on Reem Island.
Featuring 906 apartments, the first phase of Hydra Avenue will offer spectacular views of City of Lights and Abu Dhabi's cosmopolitan skyline. This development will add 945,000 square feet of real estate development and 20,000 square feet of high-end retail space, to the City of Lights master plan.
Overlooking the scenic views of lush mangroves, the podium will comprise a wide range of lifestyle amenities including swimming pools, state-of-the-art gyms, saunas, track and field, boardwalk, and social rooms - offering space suited to a demanding lifestyle. Additionally, it will house a supermarket and a number of dining outlets, shops and cafes, to reinforce Hydra Properties' All-in-Living strategy. All-in-living environments by Hydra Properties are focused on creating a new vibrant lifestyle switching between work, play, community, and family life for all residents.
The recent issuance of the Final Building Completion Certificates for Hydra Avenue Towers C4, C5 and C6 is a significant milestone for the project and enables the beginning of the handover, including snagging and other handover procedures.
Hydra Properties has appointed Three60 Communities to carry out the formal handover process. Furthermore, Three60 Communities will manage the community facilities at Hydra Avenue towards creating a more dynamic and engaged community.
Ali Bin Sulayem Al Falasi, Chief Executive Officer, Hydra Properties, who has been at the forefront of leading the project, said" "Hydra is proud to be part of Abu Dhabi's story and we pledge to continue to contribute to its growth. At the heart of our ethos at Hydra Properties is devotion, as we are first and foremost a customer-centric business committed to understanding and delivering to the needs of our clients now and in the future."
Mohamed Al Habech, Chief Commercial Officer, Hydra Properties, said: "We believe that a real-estate and property developer must be mindful of its impact on the natural world in order to be self-sustaining, and that is why we incorporate the All-in-Living approach to our projects. The completion of these three towers marks a major milestone in the first phase of the Hydra Avenue project. We look forward to completing the next phases of both Hydra Avenue and Hydra Village Abu Dhabi to keep up with the continuing growth and healthy demand in the property sector in Abu Dhabi."
When fully complete, Hydra Avenue will consist of six towers in two main clusters with 2,292 top-end apartments, 39 townhouses, and close to 2,500 car parking spaces across 25,000 square metres. The development will form a central part of Reem Island's City of Lights, a world-leading waterfront destination comprising commercial, residential, and leisure projects at the heart of Abu Dhabi.
About Hydra Properties
Hydra Properties is a privately owned company which is part of Royal Group. It was established in 2006 in Abu Dhabi, the capital of the UAE, and it plays an important role in the urban development of the country through its residential, commercial and retail projects in Abu Dhabi and Dubai. Hydra Properties is committed to communicating with its private and institutional clients with transparency and delivering projects that meet the market's needs.
For more information please visit: www.hydraproperties.com
© Press Release 2015
