Hydra Properties, the Abu Dhabi-based master planner and developer, will offer units in Marina Heights 1 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 square feet area, which is part of Marina Square on Reem Island being developed by its sister company Tamouh.
Hydra will now offer some of its earliest customers the opportunity to relocate investments to one of the Marina Heights 1 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.
"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," said Ali bin Sulayem, CEO of Hydra Properties.
"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."
The 50 apartments include a range of sizes. Customers wishing to switch to these units will do so at no financial penalty.
"We have released latest updates of the construction work at our major projects and customers can see these developments taking shape. Hydra Village in particular has seen extensive work," said Bin Sulayem.
By Staff Writer
© Emirates Business 24/7 2010
