11 February 2009
Construction on iconic development on track to completion

DUBAI (United Arab Emirates): Hydra Properties, the leading UAE-based international property developer, has achieved yet another milestone by announcing that it will be handing out units in one of its most anticipated community developments, Hydra Village Abu Dhabi, in the second quarter of 2009 as it completes the Phase I stage of the mega-project.

The leading property developer has also announced that excavation work for phase II is now 20% complete. With construction progressing as planned, this accomplishment further underscores Hydra Properties' commitment to complete the prestigious project on schedule by December 2010.

Commenting on the swift progress of the Hydra Village Abu Dhabi project, Dr. Sulaiman Al Fahim, Chief Executive Officer, Hydra Properties said, "We are proud to announce that we will be delivering units in Hydra Village Abu Dhabi very soon so our clients can experience the quality and sophistication that only Hydra Properties can provide. We treat completing the project on time with as much regard as our customers do, and it is as much an achievement for us as it is a great convenience for them."

"This is one of our ways of expressing our unyielding dedication to providing our clientele with complete satisfaction with our offerings and services.  Hydra Village Abu Dhabi glows of utter brilliance and it will shine even brighter through unmatched value-added services that bear the distinctive Hydra Properties mark," Dr. Al Fahim added.

The project's construction is being overseen by a handful of well-established contractors in the construction industry - Ersa, PAL Technology, Blue Sea, Abu Dhabi Land, and Bayunah Laboratories.  Samer Group and NEB Consultants have also been enlisted for the design and general supervision of the development.

Hydra Village Abu Dhabi, the eco-living retreat, has been designed with a clear focus on conservation. It will offer its residents all the smart technologies, conveniences, facilities and comforts associated with modern living while offering eco-living at its best.

Envisioned to rise in an affluent location near the Al Reef Palace in the UAE capital, Hydra Village Abu Dhabi is a residential community development that will encompass a total area of nearly 950,000 square metres, and showcase over 2,500 exquisitely-furnished villas and 17 residential apartment blocks.  A roster of full-featured amenities such as four mosques, schools, a clinic, as well as retail units will sprout alongside the residences to render the community a completely self-sufficient family destination that offers a dynamic living experience.

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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.

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 2009