HRE Development Achieves Full Sell-Out of Skyhills Residences 2
Deal News | Nov 24, 2024 | Zawya
HRE Development and One Broker Group have successfully sold out Skyhills Residences 2 in Dubai's Jumeirah Village Circle (JVC), at a project valuation over AED 650 million. The project, notable for its premium features and smart home technology, benefitted from structural completion and flexible payment plans, driving high buyer interest. Following this success, Skyhills Residences 3 has been launched, offering a significant number of residential units and retail outlets. Recognizing JVC’s growing appeal, both companies emphasize their commitment to high-quality urban projects. HRE Development has a strong reputation with iconic projects across the UAE, while One Broker Group has been acknowledged as a leading brokerage firm.
Sectors
- Real Estate Development
- Real Estate Brokerage
- Construction
Geography
- United Arab Emirates – The activities discussed in the article are centered around the UAE, specifically Dubai, where both Jumeirah Village Circle (JVC) and the projects are located.
- Dubai – Skyhills Residences 2 and 3 are significant real estate developments located in Jumeirah Village Circle in Dubai.
Industry
- Real Estate Development – HRE Development focuses on delivering high-value real estate projects like Skyhills Residences that meet modern buyer demands.
- Real Estate Brokerage – One Broker Group specializes in selling prestigious residential properties in the UAE, handling exclusive sales for HRE Development.
- Construction – HRE Development initially grew from a reliable construction company into a major player in the UAE's real estate sector.
Financials
- AED 650 million – The project valuation for Skyhills Residences 2.
- AED 740,000 – Average price for a studio apartment in Skyhills Residences 3.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HRE Development | Developer | Company | HRE Development is the developer responsible for Skyhills Residences 2 and 3, known for luxurious real estate projects. |
| One Broker Group | Sales Partner | Company | One Broker Group is handling the sales for Skyhills projects, recognized as a leading real estate brokerage in Dubai. |
| Skyhills Residences 2 | Product | Project | A fully sold-out luxury residential development in Jumeirah Village Circle, featuring modern amenities and smart technology. |
| Skyhills Residences 3 | Product | Project | An upcoming mixed-use development project by HRE Development, offering modern urban living spaces in Jumeirah Village Circle. |
| Mohamed Adib Hijazi | Chairman | Person | Chairman of HRE Development, involved in strategic direction and vision of the company's projects. |
| Hasan Hejazi | Vice Chairman | Person | Vice Chairman of HRE Development, emphasizing the company's innovation and dedication to quality. |
| Umar Bin Farooq | CEO and Founder | Person | CEO and Founder of One Broker Group, highlighting the brokerage's success with Skyhills Residences 2. |
| Craig English | Managing Director | Person | Managing Director of One Broker Group, involved in the collaboration with HRE Development. |