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#Aldar General News

January 22, 2017

Steady Progress Across Aldar’s Residential Developments

Abu Dhabi - UAE, January 22, 2017: Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, provides an update across its development portfolio. Steady progress is being made across all projects, with Yas Island's Ansam and Al Raha Beach's Al Hadeel moving closer towards completion and handover in 2017.



The sold out Al Hadeel which sits on the seafront of Al Raha Beach, complements Al Bandar's suite of existing luxury residences. Featuring 233 units, the façade glazing is entering its final stages with internal fixtures and fit-out progressing accordingly.Ansam, an Andalusian-style apartment development on the West side of Yas Island, is also close to completing façade glazing, with MEP installations progressing well.   The community offers premier living and leisure facilities and its first phase consists of 547 units overlooking the Yas Links golf course and the Yas Island waterfront.



Elsewhere on Yas Island, construction activity continues. At West Yas, two of the mock-up villas are now complete, and will be opened to the public in the coming weeks, with all villas at various stages of completion. Early works are ongoing at Mayan, Aldar's luxury golf and waterfront apartment development, with the main contract package expected to be awarded by the second quarter this year. At Yas Acres, enabling works have commenced in order to ready the site for the award of the main contract by the end of June 2017.



At Shams Abu Dhabi on Al Reem Island, the Shams Closed Canal is now nearing completion along with the public realm streetscape. Also on Al Reem Island, at Shams Meera, Aldar's first mid-market project, construction activity is on-going with the focus currently on steel reinforcements and foundation work, as well as columns and walls for the basement levels. Meanwhile at Al Merief, situated in Khalifa City, the engineering team has been fully deployed for all of the infrastructure construction, with mobilisation work now complete. Since appointing the Main Contractor on Nareel Island, site mobilization, earth works and culverts have been completed. Other deep infrastructure and utilities work has commenced prior to the construction of the island's roads.



In Al Ain, work continues on the expansion of Al Jimi Mall, which is expected to be completed by the end of the first quarter of 2018. Physical works for the flipping of the East Wing's travellator has now been completed along with excavation work, reinforced concrete footings, and shoring and piling work in the first and second construction zone.