05 October 2008
State of the art high rise tower Hydra Cubic One to be located in Central Business District of Al Reem Island in Abu Dhabi

DUBAI (United Arab Emirates): Hydra Properties, the leading UAE-based international property developer, and leading real estate agent Cubic Real Estate today announced the prelaunch of a premium commercial tower concept in Abu Dhabi during Cityscape Dubai 2008. The state of the art high rise tower will be named Hydra Cubic One and is to be located in the Central Business District of Al Reem Island, Abu Dhabi.

Speaking about the pre-launch, Dr. Sulaiman Al Fahim, CEO of Hydra Properties stated "We are very pleased to announce this new project in association with Cubic Real Estate. Both Hydra Properties and Cubic Real Estate have established themselves as visionaries and leaders in their respective fields. We have had a highly successful partnership in the past, with the previous launch of Hydra Executives towers which was one of our highest profile projects, due to its link with our reality TV show the Hydra Executives. With the advent of Hydra Cubic One we are extremely excited to take this realty relationship with Cubic to the next level."

Commenting on this joyous occasion; Ms. Mira Tascova, Sales Director, Cubic Real Estate said: "Cubic Real Estate is thrilled to be associated with a trusted partner such as Hydra Properties. By working with a company as reputable and dynamic as Hydra Properties in the past we have realized that both of our companies share the same values - A passion for our products, a desire for innovation in our fields and the energy to be the best at what we do."

Further commenting on the partnership, Dr. Al Fahim said: "This partnership is founded on the shared vision which clearly sees the huge potential of the Abu Dhabi market and real estate developments in the nation's capital. The massive investment being deployed for infrastructure will make Abu Dhabi in a very short span of time a world class destination for business and tourism. Hydra Properties is a pioneer in the property market in Abu Dhabi and this tower will introduce a new revolutionary concept, with more details to be announced soon."

Cubic Real Estate is one of the UAE's leading independent property specialists with a focus on the sale of quality projects. As one of the most respected brands in the Middle East Cubic has a reputation for 'Real estate with real results'. A dynamic management team, with innovative ideas, Cubic Real Estate sets the standards of professionalism in the real estate industry.

Hydra Properties builds' beyond possibilities and has a firm belief in the humanizing factor. Hydra properties always aspire to create spaces that nurture and accommodate the human aspect of real estate. Hydra Properties has grown rapidly with several mega developments in the UAE and has expanded internationally due to its relentless expansion efforts.

Hydra Properties has captured the hearts and minds of real estate investors through its innovative and iconic projects across the continents, stretching from Hydra Waves in Mexico to Al-Aqeeq Marina in Kuwait. Hydra Properties is foremost mantra is eco-friendly projects and Hydra Village in Abu Dhabi is a case in point for a successful Green Building initiative. Hydra Properties' premier projects in the UAE include Hydra Avenue Towers, Hydra 55, Marina Spirit, Abu Dhabi Golf Walk, Hydra Corporate Towers, Hydra Heights, Hydra Downtown Towers Dubai, Hydra Towers Business Bay Dubai and Hydra Twin Towers at Jumeirah Village Dubai.

-Ends-

About Hydra Properties
Hydra Properties is a privately owned company, established in 2006 in Abu Dhabi, the capital of UAE. The company was established with a vision to provide the UAE, Middle East and the world with unprecedented development concepts which are reflected in the company's various landmark projects. Since inception, the company has embraced the best international building criteria and has introduced fresh concepts in design and materials.

At Hydra Properties there is a firm belief in the humanizing factor. Real estate is not only about space, steel and concrete but is actually a living organism. That is why Hydra Properties always aspires to create spaces that nurture and accommodate the human side of real estate.

Hydra Properties does not only see itself as only a real estate development company.  Hydra Properties has clear social commitments and responsibilities. Hydra never misses an opportunity to give back to society through its endless community activities in the areas of cultural awareness, support to sport activities and providing major community service through its active and ongoing role in supporting health, education and social institutions.

Hydra Properties has rapidly expanded in the UAE with several mega projects in Abu Dhabi and Dubai. Relentless efforts have allowed it to expand globally into Mexico, where it has developed 'Hydra Waves', one of the finest luxury projects in North America.

The company nurses more global ambitions and will soon launch projects across the continents.

On the web www.hydraproperties.com

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© Press Release 2008