“Fay Development SPV” has acquired a plot of land in the Dubai International Financial Center to expand the “Eden House” projects, the brand owned by “H&H Development”, which is one of the leading companies in the real estate sector in Dubai and which is concerned with providing bespoke projects.
The sale and purchase agreement was signed by the Dubai International Financial Center Investments Company and “Faye Development SPV,” the investment portfolio supported by the most prominent local and international investors who own this project, of which “H&H Development” is one of the most prominent shareholders and its developer. This acquisition comes within the framework of the company’s plan to expand the portfolio of local “Eden House” brand projects in the UAE market.
In this context, the company will work to establish the “Eden House” project in a distinctive location opposite the Four Seasons Hotel Dubai in the Dubai International Financial Centre. The “Eden House” brand succeeded in demonstrating its distinction and attractiveness by adopting the highest standards of accuracy and service, which was reflected in the “Eden House Satwa” project, which enjoys full occupancy rates. The new project, “Eden House – The Canal,” has also witnessed remarkable growth in sales since its launch last November.
Miltos Businis, CEO of H&H Development, said: “Our acquisition of a plot of land in the Dubai International Financial Center comes as part of our ambitious efforts to develop the Eden House brand. Through this project, we aim to provide customers with the opportunity to own a property and live a unique and distinctive experience within the Eden House projects and complexes. This step reflects our firm commitment to delivering our projects on time and providing exceptional spaces with distinctive designs, in addition to providing world-class amenities and services, which distinguishes our company in the developed real estate market in the country.”
H&H was established in 2007 and is a real estate investment and development company that has been able to consolidate its leadership position in the real estate market in Dubai and provide a wide portfolio of advanced projects such as “Eden House – The Canal”, and other pioneering projects, which include the “Four Seasons Hotel” in the Dubai International Financial Center, the “Four Seasons Resort Dubai” on Jumeirah Beach, and the “Four Seasons Private Residence Dubai” in the Jumeirah area. The company continues its commitment to shaping new features of the real estate market in Dubai, relying on the highest standards of excellence, craftsmanship, and design.