Mexico Property Boost

Hydra Properties, one of the leading real estate developers in the UAE, has just announced the start of work on the initial phase of “Hydra Waves.” Hydra Waves its first international development – in Mazatlan, north of Mexico.

Hydra Properties CEO, Dr. Sulaiman Al Fahim, broke ground for the new development, announcing the start of work in the first phase of Hydra Waves project. The project will comprise several towers including the “Hydra Waves Tower,” which will face the sea front in the center of the Touristic Zone. 37 stories are planned, on a 4614 square meters area, with 172 apartments along with car parks, shops, a spa,a gymnasium, several luxury cafés and restaurants.

Later phases will include a 26 story five star hotel tower containing 500 rooms. A group of 18 story Time Share buildings, will be situated on Dale Islands, on the Pacific Ocean sea front.

The ground-breaking ceremony was attended by HE Governor of Sinaloa, Mazatlan Meyer, a number of Mexican businessmen, and the Mexican media.

“I am glad to mark the transformation of Hydra properties from a local into a global company”, said Dr. Al Fahim, “This is on of the company’s objectives, sought since its inception, and this is the right time to begin its global expansion. Our ambitions guided us to bypass the local nature and pursue a global character, to maintain this course f business, we will direct 90% of Hydra investments to international developments”, he added.

Dr. AL Fahim said the project will offer new employment opportunities and increase tourism, and also attract more developers to invest in Mazatlan. He said his company, “looked forward to introducing “the art of living”, not just owning property.” He also stated that his company’s projects are designed to be unique, each with its own character, maintaining the values set forward, like being eco- friendly, holding a humanitarian dimension to living.

Thanking HE the governor of Sinaloa, the Mayor of Mazatlan, for their support to Hydra Waves, the Hydra
CEO assured the audience that his company adopts the best in class safety criteria across all its projects and is interested in developing humanitarian, not only real estate, projects.

Mazatlan is part of Sinaloa state, North of Mexico, it faces the Pacific Ocean. It is backed by the Sierra Mountains and faces the Sea of Cortez. It has an 80 km coastline, with a population of 500,000 people.