Abu Dhabi-based Eagle Hills lands in the Maldives
The Maldives is the next coastline for UAE real estate developer Mohamed Alabbar, who signed an agreement with the archipelago’s government. The Maldives is the next coastline for UAE real estate developer Mohamed Alabbar, who signed an agreement with the archipelago’s government for a $12 billion waterfront and marina development near the capital Malé. The project will be run through his Abu Dhabi-based firm Eagle Hills, which has close ties to the emirate’s ruling family; Dubai-based Emaar, also headed by Alabbar, may invest too, he told Reuters. Alabbar, who made his name with Downtown Dubai, was expanding abroad even before the US-Iran war as the UAE market became saturated. Eagle Hills’ portfolio spans at least 18 countries; for the Maldives, the project marks its largest-ever investment. Earlier this year, Eagle Hills said it would move forward with a multibillion-dollar plan for housing and tourism developments along Syria’s Mediterranean coast.
The Maldives is the next coastline for UAE real estate developer Mohamed Alabbar, who signed an agreement with the archipelago’s government. The Maldives is the next coastline for UAE real estate developer Mohamed Alabbar, who signed an agreement with the archipelago’s government for a $12 billion waterfront and marina development near the capital Malé. The project will be run through his Abu Dhabi-based firm Eagle Hills, which has close ties to the emirate’s ruling family; Dubai-based Emaar, also headed by Alabbar, may invest too, he told Reuters.
Alabbar, who made his name with Downtown Dubai, was expanding abroad even before the US-Iran war as the UAE market became saturated. Eagle Hills’ portfolio spans at least 18 countries; for the Maldives, the project marks its largest-ever investment. Earlier this year, Eagle Hills said it would move forward with a multibillion-dollar plan for housing and tourism developments along Syria’s Mediterranean coast.