Staff Report,
Dubai, UAE
Fay Developments SPV Ltd., an investment vehicle backed by prominent local and international investors who are the exclusive owners of the project, has announced its acquisition of a prime plot of land in Dubai International Financial Centre (DIFC) to expand ‘Eden House’, a brand owned by H&H Development, a pioneering real estate developer in Dubai.
The plot acquired by Fay Developments SPV Ltd. is opposite the Four Seasons Hotel Dubai International Centre (DIFC). The sales and purchase agreement was signed between Fay Development SPV Ltd and DIFC Investments Ltd (DIFCI). With a distinct location in DIFC that will feature the Eden House brand, the plot acquisition will help expand the homegrown franchise within the UAE market.
Miltos Bosinis, Chief Executive Officer (CEO) of H&H Development LLC, said, “The land acquisition at DIFC comes as part of our ambitious mission to grow the Eden House brand. Through this project, we aim to give our customers a remarkable opportunity to fully own and experience Eden House at its finest. Moreover, this serves as a prime example of our steadfast dedication to timely completion of projects and offering exceptional spaces with superior designs, backed by world-class amenities and services. This proactive approach sets our company apart in the evolving real estate market of the UAE.”
The Eden House brand has demonstrated its appeal through its attention to detail and level of service, as evidenced by the success of the ‘Eden House Al Satwa’ project, which is currently at full occupancy. The recently launched ‘Eden House the Canal’ has also witnessed strong growth in sales since its launch in November last year.
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