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#Aldar General News

April 12, 2017

Aldar Maintains Strong Progress On Developments Ahead Of Planned Handovers In 2017 

Abu Dhabi - UAE, April 12, 2017:  Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, continues to maintain steady progress across its seven main projects under development. Yas Island's Ansam and Al Raha Beach's Al Hadeel are entering into the final stages of development ahead of handovers in September 2017.


Developments on Yas Island are progressing well with various projects being constructed simultaneously. Ansam, which is located on the west side of Yas Island, is nearing completion with façade glazing and internal fit out in full swing ahead of handover this year. The main contractor package, worth AED 500 million, for Mayan, a luxury golf and waterfront development on the island, has been awarded for the construction of five, eleven-storey buildings comprising 512 units.


West Yas, Aldar's first villa community on Yas Island, and Yas Acres, the flagship golf and waterfront villa and townhouse development, continue to make steady headway. At West Yas, the mock-up villas will be open to the public once landscaping around the villas is complete. Aldar is currently evaluating tender submissions for Yas Acres' main contractor, which will be awarded in Q2. In total, Aldar currently has over 3,500 units under development at Yas Island.


Construction continues on Reem Island as Meera, Aldar's first mid-market development, makes steady headway with basement blockwork and casting for the second floor slabs now complete. Testing for the closed canal is now largely complete along with landscaping work as it prepares for flooding later this month.


An exciting addition to Al Raha Beach, the sold-out Al Hadeel development, is in the final stages ahead of its scheduled handover this year, with plaster boarding almost complete and internal fit out ongoing. Elsewhere, road construction is expected to commence imminently for Nareel Island and the sold-out Al Merief in Khalifa City.


In Al Ain, Al Jimi Mall continues to maintain strong footfall as refurbishment works at the main entrance, west corridor and restroom facilities continue. The columns, retaining wall and footings are steadily progressing for expansion to the west side of the mall, the 'West Wing', which will add 51 new units over three levels.