Aldar Properties to handover projects on Reem and Yas Island
The projects include Yas Acres and The Bridges; handovers to begin at the end of Q1 2020 and in early-Q2 2020
UAE-based Aldar Properties has announced its latest quarterly update on its projects under development across key destinations in Abu Dhabi.
The projects include Aldar’s golf and waterfront villa and townhouse development on Yas Island, Yas Acres, which has reached its final stages of construction of 652 villas and townhouses.
Planned phased handovers will commence at the end of Q1 2020.
Other projects underway on Yas Island include Lea, which was first launched in April 2019, and features 238 plots to the north of Yas Acres. The contract for the project was awarded to Hilalco with a mandate that encompasses the design and build of Lea’s infrastructure, such as its roads and utilities.
Lea proved to be one among Aldar’s most popular locations in 2019 during the Cityscape Abu Dhabi event, generating a total of $108m (AED400m) in sales.
In addition, Phase 1 of The Bridges on Reem Island is nearing completion with the handover expected to begin in early Q2 2020.
The project will comprise of six buildings to be split by a canal on the island. Phase 1, which is almost complete, consists of three buildings with 636 apartments.
Also, on Reem Island, construction of the Reflection 374-apartment development and structural work is continuing to move at a smooth pace on both its Towers A and B.
Waterproofing and backfilling is underway, and tower cranes are in place in order to advance to the next stage of construction.
At Aldar’s Alghadeer property, show homes are open to the public, with the development of a sustainability-focused masterplan entering Phase 2.
The sewer and storm networks are substantially complete, while the gas network pipeline work is more than half complete.
Aldar’s Water’s Edge property has also recorded marked progress in terms of structural works across all its buildings on the development on the island’s eastern shores.
The development consists of 13 mid-rise residential blocks and is comprised of studios, as well as one, two and three-bedroom apartments.
In addition, the development will feature a waterfront promenade with numerous dining and retail options, private courtyards with spacious landscaped areas, pools, multi-purpose courts and a mosque.
Work at Alreeman, near Abu Dhabi International Airport, is continuing ahead of schedule with road excavation, storm water excavation, and pipe laying all making marked progress.
The project has recorded 6,452m of pipes laid to date, sewerage excavation, and pipe laying and manhole installation.
Commenting on the progress rate of Aldar's key projects in the capital, executive director – commercial at Aldar Properties, Maan Al Awlaqi, said: “We are pressing ahead on the various developments in our pipeline and look forward to delivering more homes across the capital in the coming period.”