Property News · October 12, 2016

Aldar construction update: projects at Yas, Nareel and Reem islands coming along


Aldar has said that it had completed all of the internal block work on its first housing project on Abu Dhabi’s high-profile leisure destination Yas Island.In a construction update issued on Wednesday, Abu Dhabi’s largest listed property developer said that external block work was now progressing at the 546 apartments in Ansam, which was the first residential development to be marketed on Yas Island in 2014 and is expected to be completed next year.The developer said that interior work was also progressing, and nearing completion in certain areas. It said that mechanical, electrical and plumbing work was ongoing.Aldar said that infrastructure work at its nearby 1,017-villa project exclusively for Emiratis, West Yas, was also nearing completion and villa construction was now under way. Aldar said that facilities on the project such as a mosque, shopping centre and health club would be completed by the end of the year and a school on the site, West Yas Academy, has been operational since August. West Yas was launched last year and is expected to be completed next year.Aldar said that it was tendering early works packages at its newest and most ambitious Yas Island project to date – 1,315 villas it plans to build at Yas Acres that it plans to deliver by the end of 2019.Aldar said it expected to start working on the project by the end of the year and to appoint a main contractor by the middle of next year.At Aldar’s Al Raha Beach development close to Abu Dhabi International Airport, Aldar said that it had completed all 10 storeys of its Al Hadeel block.It added that construction works were also now started at its super-luxury, Emirati-only plot sales project in Nareel Island off the Al Bateen coast in the capital and at Al Merief in Khalifa City after the company awarded construction contracts over the summer.Aldar said that it had also completed enabling works at its first mid-market housing project, Shams Meera on Reem Island, and construction teams for the main contract package have started work.And in Al Ain, Aldar said it expected to complete work on its Al Jimi Mall expansion to be completed by the end of the first quarter of 2018.lbarnard@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
Read more…Aldar construction update: projects at Yas, Nareel and Reem islands coming along

You may also like...