Ara Real Estate Development Company, a subsidiary of Core International Holding Group of Companies, announced that it has assumed responsibility for the development and full management of the Arabian Hills Estate Project. It was also revealed during an exclusive event held recently in Madinat Jumeirah that Deka Properties was appointed as the exclusive sales and marketing partner for the project, which is located in Abu Dhabi and has an area of 244 Million square feet, with a value of 22 Billion Dirhams.
The partnership between Ara Real Estate Development and Deka Properties represents an important step towards achieving the vision for the Arabian Hills Estate project. The partnership is also consistent with the Abu Dhabi 2030 vision for sustainable development, which aims to raise the level of luxury in the capital, Abu Dhabi.
Hani Sabry, CEO of Core International Holding, said: “We look forward to cooperating with Deka Properties to enhance the level of sustainable living and reach new heights of excellence in this project.”
He added: “The strategic partnership with Deka Properties confirms our commitment to providing a world-class living experience that combines luxury, sustainability and inclusiveness. We are confident of our ability to deliver a community that exceeds expectations that will reshape the standards adopted in high-end residential projects, thanks to the extensive experience enjoyed by Deka Properties. Through this project, we aim to establish new standards for community living, where residents can enjoy living in an environment where well-being is a top priority with unparalleled levels of comfort.”
For his part, Amad Jalil, Senior Executive Director of Deka Properties, said: “We are honored to cooperate with Ara Real Estate Development on this pioneering project. Our team sets its sights on achieving exceptional results, leveraging ambitious real estate market insights and ideas and decades of extensive sales experience, allowing Arabian Hills Estate to provide maximum value to discerning buyers.”
Two Dubai-based developers – Ara Developments and Deka Properties – are collaborating with a landowner company to launch a large number of huge residential projects, extending across Dubai, Abu Dhabi, the Northern Emirates and Europe, at a cost of tens of billions of dollars. The value of the land allocated for this ambitious multi-country project alone is estimated at approximately $6 billion (AED 22 billion).