{"id":34170,"date":"2016-11-13T19:16:50","date_gmt":"2016-11-13T12:16:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=34170"},"modified":"2016-11-13T16:39:34","modified_gmt":"2016-11-13T09:39:34","slug":"aldar-awards-dh30m-contract-for-mayan-development-on-yas-island","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-awards-dh30m-contract-for-mayan-development-on-yas-island\/","title":{"rendered":"Aldar awards Dh30m contract for Mayan development on Yas Island"},"content":{"rendered":"


\nAldar Properties has awarded a Dh30 million contract for early stage works at its Mayan development on Yas Island to Abu Dhabi-based Dutch Foundation & Concrete Rehabilitation.The developer said that the contract covers shoring, piling and earthworks for the site, which is set to contain 512 apartments within five buildings. Work will start immediately and take five months to complete.Aldar Properties first announced plans to build Mayan at Cityscape Abu Dhabi in April 2015. The company began selling homes for the project in November last year and in June it said that more than 75 per cent had been sold. The development mainly contains apartments ranging from studios to four-bedroom properties, but there are also a number of beachfront villas.Talal Al Dhiyebi, the chief development officer of Aldar Properties, said: “The enthusiasm for Mayan since its launch last year has been extremely encouraging.”Last week, property consultancy Chestertons said that both house prices and rents continued to decline during the third quarter of 2016 due to the weaker economic environment. Prices fell by 1 per cent to an average of Dh1,330 per sq ft for apartments and Dh1,080 per sq ft for villas. Rents for both fell by 3 per cent and the company’s UAE country manager Robin Teh said that he expected further rental declines, which he said was “in line with the trend in neighbouring Dubai”.”Due to the continuing instability in the job market, demand has weakened in the last few months with major demand arising from the middle and low income groups focusing largely on the affordable housing segments of the emirate,” he said.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Aldar awards Dh30m contract for Mayan development on Yas Island<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aldar Properties has awarded a Dh30 million contract for early stage works at its Mayan...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34170","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8T8","jetpack-related-posts":[{"id":50658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-awards-dh500m-contract-for-mayan-residence-on-abu-dhabis-yas-island\/","url_meta":{"origin":34170,"position":0},"title":"Aldar awards Dh500m contract for Mayan residence on Abu Dhabi's Yas Island","date":"April 2, 2017","format":false,"excerpt":"\r Aldar Properties has awarded a Dh500 million contract to the private contractor Ghantoot General Construction to build its 512-home Mayan development on Yas Island.Aldar said that Ghantoot would build the five blocks that rise 11 storeys and together comprise 493 apartments and 19 villas.Aldar announced plans to build the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-awarded-dh2bn-contract-to-build-1017-villas-on-abu-dhabis-yas-island\/","url_meta":{"origin":34170,"position":1},"title":"Arabtec awarded Dh2bn contract to build 1,017 villas on Abu Dhabi’s Yas Island","date":"January 11, 2016","format":false,"excerpt":"\r \r Dubai contractor Arabtec has been awarded a Dh2 billion contract by Abu Dhabi\u2019s Aldar Properties to build 1,017 villas on Yas Island.The contract represents the final package to be awarded for the West Yas development following infrastructure, public realm, school, clubhouse, retail and mosque packages, Aldar said in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-closes-in-on-early-completion-of-abu-dhabi-projects\/","url_meta":{"origin":34170,"position":2},"title":"Aldar closes in on early completion of Abu Dhabi projects","date":"April 12, 2017","format":false,"excerpt":"\r Aldar Properties has said that it is nearing completion on two of its new Abu Dhabi housing projects ahead of planned hand\u00adovers in this autumn.The developer said in that it was on track to hand over its Ansam project on Yas Island and Hadeel on Raha Beach in September.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-deals-help-aldar-sell-majority-of-off-plan-properties-on-yas-development\/","url_meta":{"origin":34170,"position":3},"title":"Two deals help Aldar sell majority of off-plan properties on Yas development","date":"June 1, 2016","format":false,"excerpt":"\r Two bulk property deals helped Abu Dhabi's largest listed developer Aldar Properties to sell three-quarters of the off-plan flats in the first phase of its Mayan development on Yas Island, the developer said.Aldar sold 75 per cent of the 512 flats in the first phase of the development -\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-property-projects-in-abu-dhabi-move-closer-to-2017-completion\/","url_meta":{"origin":34170,"position":4},"title":"Aldar property projects in Abu Dhabi move closer to 2017 completion","date":"January 17, 2017","format":false,"excerpt":"\r Two new luxury projects by Aldar Properties in Abu Dhabi are on track for completion this year, the developer said.It said steady progress was being made across all of its projects, with Yas Island's Ansam and Al Raha Beach's Al Hadeel moving closer towards completion and handover this year.Al\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-properties-q2-net-profit-up-9-7-despite-property-slowdown-in-abu-dhabi\/","url_meta":{"origin":34170,"position":5},"title":"Aldar Properties Q2 net profit up 9.7% despite property slowdown in Abu Dhabi","date":"August 2, 2016","format":false,"excerpt":"\r Second quarter profits at Aldar Properties rose by nearly a tenth despite a slowdown in the city's property market.Abu Dhabi's largest listed house builder said profits for the three months to the end of June rose 9.7 per cent compared with the same period a year ago to Dh657.3\u2026","rel":"","context":"In "Property 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