Emirates News Agency – “Q Properties” awarded contract for the first phase of “Reem Hills” villas at a cost of AED 1.755 billion.

ABU DHABI, 29th August, 2020 (WAM) — Q Real Estate, a subsidiary of “Q Holding”, has announced the award of a tender contract for the implementation of the first phase of “Reem Hills” villas in Abu Dhabi. To Trojan General Contracting Company, at a cost of 1.755 billion dirhams.

Trojan General Contracting will develop 218 fully-furnished 4- to 7-bedroom luxury villas spanning 3 million square feet at the luxurious Cadet Reem Hills project on Reem Island in the heart of the capital. Characterized by its exclusivity and the highest levels of luxury and comfort.

Majed Othe, CEO of Q Holding, the owner of Q Real Estate, said: “This announcement confirms our firm commitment to the project implementation schedule. After this carefully selected process, we are very pleased with the great progress made by Q Real Estate Group with the aim of implementing this project.” Special program.

For his part, Mohamed Mahmoud, CEO of Trojan General Contracting Company, said: “We are delighted to have been chosen by Q Holdings, which has placed their trust in us to deliver the first phase of villas, and we are all proud. Be a part of this prestigious project As work on the first phase of villas begins in September 2023, we are keen to work closely with the Q team to achieve the vision of Reem Hills, a new and unique The Era of the Design of Capitalist Society.”

The Reem Hills project is considered to be one of Q Real Estate’s most important projects, which includes several residential, commercial and retail projects currently underway, covering an area of ​​over 30 million square meters. Converting formerly uninhabited areas into dynamic urban campuses to meet demand.

Notably, the upcoming launch of the third and final phase of Reem Hills Apartments is garnering huge interest, based on the remarkable success achieved by the earlier phases of the project, which were completely sold out upon launch. The final phase will continue to fulfill Q Holding’s commitment to achieve the ambitions of the Reem Hills complex, contribute to the economic growth of Abu Dhabi and support the aspirations of the UAE globally.