Al Qudra and Hydra Properties join hands

Dubai: Al Qudra Holding International, the international investment arm of Al Qudra Holding, and Hydra International, the international arm of Abu Dhabi-based Hydra Properties, yesterday signed an agreement to set up a new company, Q Hydra.

Q Hydra, a joint venture between the two companies, will focus on investments in the real estate sector in the GCC and other international growth markets beyond the UAE.

Salah Salem Bin Omeir Al Shamsi, chairman and managing director of Al Qudra Holding, said: "This new partnership is in line with Al Qudra Holding International's plans to expand its investments into new regional and international growth markets. Both companies have developed huge experience in the investment field, especially in markets that deliver a high return on investment. This partnership will enable both parties to expand internationally and harness that experience on new and existing projects."

Dr Sulaiman Al Fahim, CEO of Hydra Properties said: "We are proud to announce the formation of this new real estate company, which is in line with the expansion plans of Hydra Properties. We have developed an action plan for the new company that will cater for the needs of the international markets especially for real projects. We will target Asian markets specifically such as China and India."

Meanwhile, Al Qudra Real Estate, a subsidiary of Al Qudra Holding, officially revealed the first Thomson Signature Golf Course in the Middle East.

Landmark feature

The championship level golf course will be a landmark feature of Ain Al Emarat, the new AQRE project being developed in Al Ain.

The course is being designed by Thomson Perret & Lobb (TPL). TPL is a multi-discipline practice providing comprehensive golf development services for Golf Course Design, Architecture and Landscaping.

Ain Al Emarat is a unique development designed to blend with, and complement, the beauty of its surroundings while also meeting the demands of 21st century lifestyles.

Phase 1-A of the project comprises seven complementary districts. Now offered for those seeking a lucrative investment is part 1-A-A of Phase 1A, which consists of 272 townhouses and 199 villas offered in several different layouts and designs.