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The CEO of Abu Dhabi based Hydra Properties only founded his company two years ago, promising "to be different".
Two years on, it appears that being different has paid off. Hydra has signed over US$2 billion worth of projects, and has become one of the region's fastest growing property companies, with major projects planned in Dubai and Abu Dhabi. And now, the foreign expansion plans are coming to fruition, with a big new project in Mexico just announced.
"You have to do what you believe is right, even if everyone else tells you it is wrong. I said that as a company we would be unique, and everyone said you can't be unique in property development. If you try, you will fail. Well, we are unique and we are successful," says Al Fahim.
He says that apart from hard work, it is vital to know your industry inside out, and not just parts of it. "A lot of people say they want to be property developers but they actually don't know that much about property. They might know a little design, maybe they are good at financials, or maybe they understand the engineering aspects. But I think it is important that you know everything, and that you are very good at it."
Fahim insists that the inside of every single apartment and office he builds is different. "That's what I mean by unique. People told me we couldn't do it because it would be too expensive. We have proved them wrong," he says.
As for the future, Al Fahim says he has only just begun. "This is the first step on the ladder. We have had success and the easiest thing would be to say we have now achieved all our goals. But if you think that way you will become complacent and fail."
There is no danger of either happening to Al Fahim.
This is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaLet's see what will happen and if this project will go ahead. Only time will show. What happens to the other projects? not much is going on? Are investors... more
Monday, 21 May 2012 11:49 AM - Greg
That is probably one of the silliest moves that will hinder business and interaction.
Almost every company has dealings with some form of foreign entity... more
I find it amazing taht the very same people who 4 years ago were singing praises are today lamenting funeral wakes.
Business is a risk and about decision... more
What does "USA-tailored regime" and Iraq have to do with this story is beyond me. more
Monday, 21 May 2012 4:40 PM - Alithe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurIt is the Arabian Gulf because firstly Persia hasn't existed since 1935 and, therefore, does not appear on modern maps. So, by saying Persian Gulf we are... more
Sunday, 20 May 2012 7:40 PM - Juma Said JumaThis is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaIn this part of the world, it will everlastingly be the Arabian Gulf because there is absolutely nothing persian about the Arabian Gulf. more
Monday, 21 May 2012 7:03 PM - Fahdseveral good points made here however democracy is about all the people and there are over 4 million people in Kuwait, Kuwaitis and expats we the expats... more
Friday, 18 May 2012 7:32 PM - jamesthe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurHOW CAN WE FORGET 2008, WHY DID YOU NOT FORGET TO PAY ALL YOUR STAFF BONUSES LIKE YOU HAVE DONE ON THE PAST TWO OCCASIONS , YET YOU CANT COMPENSATE OR... more
Wednesday, 16 May 2012 4:51 PM - MOOSAThe words one should read and think about are "it COULD make sense to sell Emirates in the future". Sir Flanagan does not say it does make sense at this... more
Thursday, 10 May 2012 11:16 AM - Paul dxbWhen I first went to live in ABu Dhabi - I clicked up a couple of speeding fines during the frist year (on empty roads and certainly not tailgating - but... more
Thursday, 17 May 2012 5:45 PM - BaffyNEVER BUY PROPERTY IN ARAB COUNTRIES !!! more
Sunday, 6 May 2012 6:37 PM - Rene
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