Eagle Hills Properties: The Story of Emaar's Subsidiary Dominating The Arabian Gulf

Eagle Hills is a subsidiary of the largest developer in the United Arab Emirates, with an annual turnover of around $100 million. Currently, the company is launching projects along the Sharjah coastline and focuses on integrated developments. Let's delve deeper into the promising developers of the emirate.

The philosophy of the company is best understood through its founder. It all began nine years ago when Mohamed Alabbar, the chairman of Emaar Properties, established Eagle Hills.

Mohamed Alabbar, a native Emirati, was born on November 8, 1956. He studied Finance and Business Administration at Seattle University in the USA. Through his journey, Mohamed has proven that knowledge and education can be the keys to success. After graduating, he embarked on a career that took him from a managerial position in a bank to working for the Dubai government in Singapore. 1997 marked a turning point for him when he established his first construction company, Emaar Properties, which subsequently became a major player in the UAE real estate market.

Today, his company constructs worldwide, focusing on large integrated projects. Eagle Hills, a subsidiary of Emaar, was created to undertake projects in other emirates of the country. Mohamed continues to lead both companies. The second partner of Eagle Hills is the daughter of the ruler of Sharjah (the emirate nearest to Dubai). It is in Sharjah that Eagle Hills is currently executing a significant integrated project, developing Maryam Island, which we will discuss further below.

Mohamed Alabbar is not solely limited to real estate; he sees business opportunities where others might miss them. Mohamed is the chairman of Tradewinds Corporation, a leading company in the entertainment and hospitality industry in Malaysia.

An important part of his business portfolio is his membership on the board of directors of Noor Investment Group, a subsidiary of Dubai Group, with Dubai Group itself being a leading financial organization under Dubai Holding.

Beyond business services, Alabbar is a sports enthusiast with a particular passion for horse racing. He's a master in his field, a man of diverse interests and talents.

His wide range of interests also extends into his business ventures: he is similarly expanding Eagle Hills. He strives to explore various locations and commits to delivering quality, uncompromising projects that align precisely with stated plans. This is why Alabbar's company projects sell out quickly — the market trusts in Emaar and its subsidiary Eagle Hills.

Maryam Island is the developer's premier and most popular project, a peninsula in Sharjah, known for culture and tourism. It's a fully-fledged community with amenities like running and cycling tracks, a yacht dock, and essential infrastructure, akin to Dubai's iconic Creek Beach community but more affordable. Properties for sale by Eagle Hills on the island was built, transforming what was once empty.

As a subsidiary of Emaar, Eagle Hills follows similar practices, creating not just projects, but full-fledged communities with unified styling and ample recreational spaces. In recent years, the company has built 28 hotels and several multifunctional complexes worldwide, including in the UAE, Morocco, Jordan, Bahrain, Serbia, Oman, Ethiopia, Spain, Croatia, and Nigeria.

Eagle Hills is actively developing waterfront destinations, multifunctional projects, and hotels in 11 cities across Africa, Eastern Europe, and the Middle East. They're considering acquiring City Edge, a major state-owned real estate company in Egypt, showcasing the company's growth and diversification.