Work on Hydra Avenue Towers ahead of schedule

Hydra Properties, a leading UAE-based international property developer, yesterday said its Hydra Avenue Towers project is ahead of schedule.

The project, located at Al Reem Island in Abu Dhabi, has completed the foundation work.

Dr Sulaiman Al Fahim, Chief Executive Officer of Hydra Properties, said: "Hydra Avenue Towers is all set to add majesty and grandeur to Al Reem Island. Avenue Towers is rising fast to fill a void in the property market in Abu Dhabi and is the answer to the prayers of investors and those who seek serene and luxurious living spaces. We, at Hydra, are devoting all our energy and expertise to the successful completion of the project."

The Hydra Avenue Towers Project is expected to be completed by 2011.

The project is being carried out by Tafsir Contracting Company, while Prime Engineering Consultancy is the engineering consultant for the project.

Mohammad Fawzy, Head of Engineering Division, Hydra, said: "The project has gained momentum with the completion of foundation work, which took us three months. The focus now is on finishing the pillar work as early as possible.

"The logistics for the rest of the tower are being chalked out and we are confident of meeting our rigorous standards of excellence."

The Hydra Avenue Towers Project comprises six towers, rising up to 29 stories, and will be located in the City of Lights at Al Reem Island.

The towers rise over a podium that stretches more than five floors.

Privately-owned Hydra Properties has projects in Mexico, Kuwait, Abu Dhabi and Dubai. The company was established in 2006 in Abu Dhabi.