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Dubai: Handover of units at Hydra Avenue, a three-tower cluster in Abu Dhabi’s Reem Island, is to start in August.
“We have achieved an important milestone in completing Phase One of Hydra Avenue that is already being recognised as a distinctive mixed-use project in the Abu Dhabi real estate landscape,” said Ali Saeed Bin Sulayem, CEO of Hydra Properties.
The three towers create more than 1.7 million square feet of built-up area and feature 906 apartments as well as 45,000 square feet of retail space.
When fully developed, Hydra Avenue will have six towers ranging between 24 and 29 storeys, interconnected by a mixed-use podium spanning five floors.
“This comes at a perfect time where the Abu Dhabi real estate market has seen substantial increase in prices in different areas, which highlights diversification of demand in combination with the new government strategy for public sector employees,” said Mohammad Al Habech, chief commercial officer of Hydra Properties.
“We are in the final stages to complete all necessary arrangements to ensure a smooth handover of completed units.”
Source: Staff Report, gulfnews.com