EIG will supply gas services to the upcoming Reem Hills development by Q Properties

Emirates International Gas (EIG), a subsidiary of EHC Investment, has obtained the mandate to develop the entire gas system project at the recently launched Reem Hills upscale community by Q Properties. The 2 companies signed a memorandum of understanding (MoU) in which EIG will provide a full range of services regarding the supply of LPG, NG, SNG and CNG gas to properties in the Reem Hills development.

Commenting on this event, Moustafa Rashad, CEO of EIG, said: “EIG believes that its collaboration with Q Properties bears strong testimony to the shared vision of both organisations to adopt world-class standards and best practices to serve residential, commercial and industrial developments across the region.” According to Majed Fuadodeh of Q Holding, the MoU will allow Q Properties to complement the services the company provides to investors and clients.

Launched back in Q2 2022, Reem Hills, the latest development by Q Properties, will be set on a scenic man-made hill on the iconic Reem Island. The AED 7.7B (USD 2.1B) gated community will be completed in phases and will have a range of apartments, villas and townhouses for sale. That being said, its first phase features a collection of luxury villas with a roof deck, a garden, an office, show and preparatory kitchens, a swimming pool and a multi-purpose room, among other lifestyle amenities. As well as all this, residents will be treated to a steam room, a fitness zone, a school, mosques, a sauna, swimming pools and a club with a fitness zone.

Other exciting news in the Abu Dhabi real estate sector is that Alpha Dhabi Holding (ADH) has raised its stake in the highly successful company, becoming its largest parent and shareholder company. As a result, from today, the master developer will be treated as a subsidiary of ADH in the combined financial statements, the impact of which will be illustrated in its financial reports for Q2 2022 onwards.

Hamad Salem Al-Ameri, CEO and Managing Director of Alpha Dhabi Holding, said: “We are firm believers and supporters of Aldar’s equity story, vision and strategy, as well as the positive and strong strides it continues to make in growing and scaling its platforms. As a long-term strategic shareholder, Alpha Dhabi will continue to support Aldar’s management team as they execute its transformational growth agenda”.

Aldar Properties has recently witnessed the sensational launch of the Grove District on the iconic Saadiyat Island, which will have 5 residential buildings consisting of 612 units. Within the vicinity of Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, the newly released development will be home to gyms, swimming pools, art workshop spaces, a residents’ lounge, as well as direct access to meditation lawns and a running track.

The first phase of Grove District is Grove Museum Views, which offers a total of 102 sophisticated studios and apartments in 1 and 2-bedroom configurations. Its occupants will be treated to an array of premium leisure amenities, such as bicycle storage, walking paths, a rooftop gym and yoga & meditation spaces, just to name a few.