Abu Dhabi-based developer Eagle Hills, chaired by Mohamed Alabbar, has signed an agreement with the Maldives government to develop the Maldives Waterfront and Marina in Ras Malé. The project is planned across multiple phases with an estimated investment o... moreAbu Dhabi-based developer Eagle Hills, chaired by Mohamed Alabbar, has signed an agreement with the Maldives government to develop the Maldives Waterfront and Marina in Ras Malé. The project is planned across multiple phases with an estimated investment of up to $20 billion.
The integrated destination will feature luxury hotels, branded residences, a marina, retail, dining, entertainment, wellness, healthcare and education facilities. Homes will be offered under leasehold terms of up to 99 years.
The project will be built on reclaimed land with marine monitoring during construction. It is also expected to create thousands of jobs and boost the Maldives’ real estate and tourism sectors.
Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.
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