Aldar to award main contract for The Bridges in September
Aldar Properties aims to award the main construction package for its mid-market residential project, The Bridges, next month
Aldar Properties has revealed that it is planning to award the main construction package for The Bridges next month.
Talal Al Dhiyebi, the Abu Dhabi-headquartered developer’s chief development officer, told Construction Week that the project has completed the design stage.
“The Bridges has been designed successfully and already out to tender,” he said. “We’re expecting to award the contract imminently and start construction on The Bridges.”
Launched in April 2017, The Bridges is a mid-market residential development with a value of $350m (AED1.3bn).
Comprising six towers, divided over two plots, the project will boast a total of 1,272 units once completed. Expected to be ready for handover by Q1 2020, the project will be built on Reem Island, in Abu Dhabi.
Three of the six towers have been sold out, two during Cityscape Abu Dhabi.
According to Al Dhiyebi, The Bridges is targeted at people whose monthly earnings range from $1,900 to $8,300 (AED7,000 to AED20,000).