15 September 2008
The luxurious residential towers to offer world class amenities including a sky garden

DUBAI (United Arab Emirates): Hydra Properties, the leading UAE-based international property developer, today announced the completion of excavation work for the prestigious Marina Spirit residential towers located at Al Reem Island in Abu Dhabi.

Commenting on the development, Dr. Sulaiman Al Fahim, CEO of Hydra Properties, said: "I'm very delighted to share with you the progress that has been achieved at our iconic Marina Spirit project. We, at Hydra Properties, never waver from our quest for quality and timely delivery. Hydra Properties is steadfast in keeping all of its projects to the timelines and sees to that work is completed ahead of schedule."

Marina Spirit consists of two luxurious towers rising up to forty floors and offers breathtaking views of the Marina, the azure Arabian Gulf and a neighborhood that is being rapidly turned into a glamorous zone. The 360 residential units at the Marina Spirit will be an owner's pride and will boast of state-of-the-art smart home technology. Marina Spirit truly embodies the spirit of a vibrant and rising Abu Dhabi and is designed with some exquisite facilities ranging from sky garden, entertainment, shopping, dining to sports facilities.

Giving a micro view of the project, Eng. Jonathan Ing, Project Manager, Hydra Properties, said: "We are very much confident that enabling work can be finished by the end of October. The current piling work is being carried out by Navayuga Engineering Company Limited (NECL) and they are leaving no stone unturned in order to achieve an early execution of the task. As excavation and shoring process has already been completed and currently over 50 per cent of the piling work is done."

The work on the project was started in June 2008 and is expected to be completed by June 2011.

Hydra Properties has blazed a new trail by raising landmark projects across the continents, stretching from Hydra Waves in Mexico to Al Aqeeq Marina in Kuwait. Hydra Properties' major ventures in the UAE include Hydra Village Abu Dhabi, 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, Jumeirah Village, Dubai.

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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 we always aspire 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