Abu Dhabi’s Q Properties awards $478mln contract for Reem Hills Phase 1 villas

Construction will start in September 2023

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Q Properties, a unit of Abu Dhabi investment company Q Holding, has awarded 1.755 billion UAE dirhams ($477.81 million) construction contract for Reem Hills Phase 1 villas on Abu Dhabi’s Al Reem Island to Trojan General Contracting.

Trojan will construct 218 villas and develop three million square feet of built-up area , Q Properties said in a press statement. 

Work will begin on the Phase 1 villas in September 2023, Mohammed Mahmoud, CEO of Trojan General Contracting said.

In March, Q Holding awarded a AED470 million infrastructure and road development contract to National Project Construction, a subsidiary of Trojan Construction Group, for the first phase of Reem Hills.

Q Properties said in February that all available homes in its recently-launched phase of Reem Hills, an AED8 billion gated community, have been sold out.

(Writing by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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