A spectacular achievement: Q Properties sell the final phase of Reem Hills luxury apartments within four hours

Q Properties, a subsidiary of the International Holding Company (IHC), accomplished a spectacular achievement by totally selling out the final phase of its 269 luxury apartments in Reem Hills within four hours of their formal introduction.

The entire sales value exceeded an amazing AED 535 million (USD 145 million).

Record-Breaking Achievement

Q Properties accomplished a huge achievement by selling the third phase of its project in just four hours, as real estate companies face great difficulties in selling their units as the market suffers from great challenges all over the world. For example, the Swedish real estate giant “SPP” launched a strategic review of its options that may lead to the sale of the company itself.

“SPP” said that it is currently considering several options, including “selling the company, selling segments of its business or some assets, as well as entering into other strategic deals.” At the same time, the company’s Board of Directors ruled out issuing new shares and putting them up for sale.

A History of Spectacular Achievements

Q Properties, a subsidiary of Q Holding, is a large real estate developer that was founded to help the Emirate of Abu Dhabi’s economic development. It creates one-of-a-kind, stylish, and long-lasting creations. The premium Reem Hills project has been developed by Q Properties on Al Reem Island, Abu Dhabi’s most notable gated residential neighborhood.

Q Properties reported in September that all residential apartments in Reem Hills’ Phases One and Two sold in record time, demonstrating extraordinary demand from customers and investors as well as solid faith in Q Properties and its vision and achievements.

Apartments sold out in less than 4 hours

Q Properties announced that the third phase of Reem Hills luxury 1-, 2-, and 3-bedroom apartments sold out in less than 4 hours. This year, the project proved extremely popular with buyers and investors due to its status as the largest on the Abu Dhabi market in a highly desired area at a competitive price range.

high-quality homes

David Harman, Chief Development Officer of Q Properties, commented on the rapid sale of the third phase, saying, “Once again, we’ve seen a fantastic response to our Reem Hills apartments, and both myself and the Q Properties team are proud to have delivered such high-quality homes to the market that truly fulfill the needs of the community.”

“Buyers have told us that Reem Hills provided the best of both worlds: clever design and a sense of quiet and solitude, while still allowing inhabitants to enjoy everything Abu Dhabi has to offer,” he added.

Q Properties is working to transform vast areas of uninhabited land into thriving urban communities, with a number of residential, commercial, and retail projects currently underway.