Palm Hills Developments Secures Landmark Deal for 1.87 Million Sqm Project Near Saadiyat Island
Palm Hills Developments, Egypt’s leading premium real estate developer, has signed a transformative agreement to develop a 1.87 million square meter plot near Abu Dhabi’s prestigious Saadiyat Island.
The deal, formalized with Wave Seven Investment through Palm Hills’ subsidiary BHD North Jubail, marks the company’s first international expansion. Announced on May 26, 2025, this project positions Palm Hills to create a landmark development in one of the UAE’s most sought-after locations.
Saadiyat Island, located 500 meters off Abu Dhabi’s coast, is a cultural and luxury hub developed by the Tourism Development & Investment Company (TDIC). Spanning 27 square kilometers, it hosts iconic landmarks like the Louvre Abu Dhabi, the upcoming Zayed National Museum, and the Guggenheim Abu Dhabi. With pristine beaches and upscale resorts like The St. Regis Saadiyat Island Resort, Saadiyat is a global destination for sophisticated living. The new project’s proximity to this vibrant ecosystem enhances its appeal to investors and residents.
Palm Hills is expected to bring its expertise in creating integrated, community-focused developments to this 1.87 million square meter site. Known for luxurious residences and sustainable design in Egypt, the company is likely to develop a mixed-use project featuring high-end residential units, commercial spaces, and recreational facilities. This development will cater to Abu Dhabi’s cosmopolitan market, offering a lifestyle that blends cultural richness with modern luxury.
This agreement marks a milestone for Palm Hills, expanding its footprint into Abu Dhabi’s thriving real estate market. The emirate’s demand for off-plan properties, coupled with Saadiyat Island’s reputation for high-quality developments, makes this project a promising investment opportunity. The deal also reinforces Abu Dhabi’s appeal as a global hub for culture, tourism, and luxury living, attracting both local and international investors.
The project aligns with Abu Dhabi’s vision for sustainable urban growth and economic diversification. By introducing a large-scale development, Palm Hills will enhance the emirate’s appeal as a destination for residency and investment. Its location near Saadiyat Island ensures access to cultural landmarks, beaches, and golf courses, creating a sophisticated lifestyle. The collaboration with Wave Seven Investment highlights growing ties between Egyptian and UAE companies.
As Palm Hills embarks on this ambitious project, it aims to deliver a development that meets Abu Dhabi’s high standards while showcasing its expertise in creating vibrant communities. With anticipation building, this 1.87 million square meter project is set to redefine luxury living and contribute to Abu Dhabi’s global prominence in real estate and culture.
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