Eagle Hills Abu Dhabi has awarded the construction and infrastructure works contract for the 63,677 sqm site of The Address Fujairah Resort + Spa to Joannou & Paraskevaides (J&P).
The Abu Dhabi-based private real estate investment and development company made the announcement during an official signing ceremony that marked the groundbreaking of the exciting luxury hotel and residential development, representing a significant milestone in the progress of the project in Fujairah.
The Address Fujairah Resort + Spa is a luxury development, scheduled to be complete by 2019, comprising 196 room with a range of five-star amenities and four residential buildings that include 172 branded apartments, five beach villas, and five garden villas. The development also features a 500m promenade, beach access, and a unique plaza.
Since the project was revealed in April 2016, Eagle Hills has completed the grading and marine works at the site.
Low Ping, CEO, Eagle Hills said: Today, we are a major step closer to bringing quintessential living to this unique part of the UAE, which is set to become the beating heart of Fujairah. We are pleased to appoint J&P given their strong reputation and portfolio. With the ground and marine works complete and a huge level of demand coming from investors, this project is well on track for its 2019 completion and this announcement demonstrates our commitment to the world-class levels of construction we will deliver for The Address Fujairah Resort + Spa.
Grigoris C Christofides, CEO, J&P, said: We are honoured to be working with Eagle Hills on this prestigious project. Our vast experience coupled with an excellent track record will help provide the assurance that the project will be executed to the highest quality standards and will be successfully delivered on time.
Eagle Hills is developing projects in four international markets, namely Morocco, Bahrain, Jordan, Serbia, and the UAE where it is working to reinvigorating city hubs, improving the standard of living and increasing investment in the local economies.
In the UAE, Eagle Hills is working closely with the Fujairah and Dibba Municipalities on two projects, Fujairah Beach and The Address Fujairah Resort + Spa, where it is committed to boosting the economies of the Northern Emirates. In August 2017, the company announced the signing of an AED300mn facility with the National Bank of Fujairah to finance the ongoing construction of The Address Fujairah Resort + Spa.
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