Abu Dhabi, UAE – Palm Hills Developments, one of Egypt’s leading real estate developers, has announced a major expansion into the UAE market. The company has signed a landmark agreement with Wave Seven Investment RSC Ltd. to develop a 1.87 million square meter land plot located adjacent to Saadiyat Island, one of Abu Dhabi’s most prestigious locations.
The new development will be executed by PHD North Jubail Property Development Company, a fully owned subsidiary of Palm Hills. This marks a significant step in Palm Hills’ regional growth strategy, leveraging its development expertise in one of the Middle East’s most dynamic real estate markets.
Prime Location
The site offers a premium location near some of Abu Dhabi’s most iconic landmarks, including:
- Louvre Abu Dhabi
- Yas Island – home to entertainment and leisure destinations
- Reem Island – a fast-growing residential and commercial hub
Its proximity to these landmarks positions the project as an attractive destination for both residents and investors.
Strategic Expansion
This move underlines Palm Hills’ ambition to diversify its real estate portfolio and tap into new growth markets. The scale of the project, paired with its location, makes it one of the most anticipated upcoming developments in the capital.
More details regarding the master plan, property types, and launch phases are expected to be revealed in the coming months.
Stay tuned to our blog for updates on this exciting development and other major real estate news in Abu Dhabi.
Source: https://www.zawya.com/en/business/real-estate/egypts-palm-hills-signs-deal-to-develop-187mln-sqm-near-abu-dhabis-saadiyat-island-gsknx25d