Abu Dhabi's Reem Island, a popular location for residents of the capital, will receive a new community featuring a man-made hill.
Q Properties' Reem Hills, its new Dh8 billion ($2.1bn) gated development, has been designed with enhanced greenery “to encourage its residents to indulge their senses”, the company said on Thursday.
As well as the man-made hill, the villa project will offer beach access, parkland, schools, mosques, a community centre and retail outlets.
“Reem Hills is an exclusive destination set around a unique, man-made hill, offering a serene lifestyle and an escape from the city life,” said Majed Odeh, chief executive of Q Holding.
The project will offer “the lowest rates for service charges across the majority of real estate projects”, he added.
Abu Dhabi registered real estate transactions worth Dh71.5 billion ($19.4bn) in 2021, as the UAE's property market continued to rebound from the coronavirus-induced slowdown.
The total number of transactions across sales and mortgage deals reached 14,958 last year, Abu Dhabi's Department of Municipalities and Transport said.
Yas Island topped the list of best-performing areas, registering Dh4.1bn in deals, followed by Reem Island (Dh3.2bn) and Saadiyat Island (Dh2.5bn).
The capital values of villas and apartments in Abu Dhabi rose to their highest level in five years in the fourth quarter of 2021, property consultancy ValuStrat said.
The emirate has also announced new launches to cater to growing demand. Aldar on Wednesday unveiled its Louvre Abu Dhabi Residences project, which offers views of the museum and the Arabian Gulf.
The residences will be within Saadiyat Grove and the development has an expected handover date of 2025.
It will comprise 400 apartments including studios, one, two- and three-bedroom apartments as well as five penthouses. All the units will be fitted with fixtures and built-in home appliances.
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Q Properties is a subsidiary of Abu Dhabi-listed investment holding company Al Qudra Holding, which this week rebranded as Q Holding. The company operates across sectors including real estate, services, hospitality and diversified investments, and has 12 subsidiaries.
“Q Holding will be a prominent force in the vanguard of the next phase of economic development, under the guidance of a leadership determined to rewrite the future of successful, sustainable investment by focusing on excellence, diversification and stakeholder value,” said Abdulla Al Hamed, Q Holding’s chairman.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Company Profile
Company name: Big Farm Brothers
Started: September 2020
Founders: Vishal Mahajan and Navneet Kaur
Based: Dubai Investment Park 1
Industry: food and agriculture
Initial investment: $205,000
Current staff: eight to 10
Future plan: to expand to other GCC markets
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
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'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
