# Abu Dhabi-based Eagle Hills lands in the Maldives — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/405c0c732227068c

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-09-22 15:07 ingested 2026-09-23 02:59

[original source ↗](https://www.semafor.com/article/09/22/2026/abu-dhabi-based-eagle-hills-lands-in-the-maldives)

## retained text



```
The Maldives is the next coastline for UAE real estate developer Mohamed Alabbar, who signed an agreement with the archipelago’s government for a $12 billion waterfront and marina development near the capital Malé. The project will be run through his Abu Dhabi-based firm Eagle Hills, which has close ties to the emirate’s ruling family; Dubai-based Emaar, also headed by Alabbar, may invest too, he told Reuters.
Alabbar, who made his name with Downtown Dubai, was expanding abroad even before the US-Iran war as the UAE market became saturated. Eagle Hills’ portfolio spans at least 18 countries; for the Maldives, the project marks its largest-ever investment. Earlier this year, Eagle Hills said it would move forward with a multibillion-dollar plan for housing and tourism developments along Syria’s Mediterranean coast.
```



document fetched 2026-09-23 02:59 · canonical https://semafor.com/article/09/22/2026/abu-dhabi-based-eagle-hills-lands-in-the-maldives