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Royal Development Holding and SAAS Properties award AED 790 million main works contract to Fibrex

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Royal Development Holding and SAAS Properties award AED 790 million main works contract to Fibrex
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Royal Development Holding and SAAS Properties have appointed Fibrex LLC as the main contractor for Seamont Autograph Collection Residences on Al Reem Island in Abu Dhabi under an AED 790 million contract. The award moves the waterfront branded-residential development into full-scale construction, with completion targeted for December 2028.

UNITED ARAB EMIRATES —Royal Development Holding, a subsidiary of Emirates Stallions Group, and SAAS Properties have awarded an AED 790 million main works contract to Fibrex LLC for Seamont Autograph Collection Residences on Al Reem Island, Abu Dhabi. The appointment follows completion of enabling works and moves the branded residential project into full-scale construction.

Construction is scheduled to commence in October 2026 under a 27-month programme, with completion targeted for December 2028. Fibrex will undertake the project's main construction works, supporting the next phase of delivery for the waterfront development. Seamont Autograph Collection Residences is being developed as a residential destination combining contemporary architecture with Marriott's Autograph Collection standards and a curated residential offering.

The project is positioned within Abu Dhabi's evolving luxury residential market, with its Al Reem Island location providing a waterfront setting and views toward the wider Abu Dhabi landscape. Its design draws on the surrounding mangrove environment and the cultural district of Saadiyat Island, aligning the development with the emirate's growing focus on branded and experience-led residential projects.

For Royal Development Holding and SAAS Properties, the main works award represents a transition from preparatory activity to construction execution and establishes a defined delivery timetable. The selection of Fibrex also places construction delivery with an established contractor as the developers advance a project requiring coordinated execution across architectural, engineering and construction disciplines.

Royal Development Holding is a UAE-based boutique premium real estate developer focused on branded residences and operates as a subsidiary of Emirates Stallions Group. Its broader development platform includes Royal Development Company and other real estate, project management and hospitality-related entities. SAAS Properties is a UAE real estate developer partnering with Royal Development Holding on Seamont Autograph Collection Residences. Fibrex LLC is the appointed main contractor responsible for delivering the project's principal construction works.

The contract reinforces the continued development of high-end residential inventory in Abu Dhabi, while the project's Marriott-linked Autograph Collection positioning connects residential development with the broader branded hospitality ecosystem. With construction commencing in October 2026 and completion planned for December 2028, the award provides investors and industry participants with a defined execution timeline for one of the developers' waterfront residential projects.

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