Aldar reveals construction updates on Reem Island, Yas Island projects

Construction of 374-unit Reflection development 25% complete; Water’s Edge and Alghadeer projects cross the 50% milestone

Aldar offers construction updates on Reem Island, Yas Island projects
Aldar
Aldar offers construction updates on Reem Island, Yas Island projects

Following the completion of construction on the first three towers of The Bridges project on Reem Island, Aldar Properties has begun handovers of the 636 apartments offered.

Construction is progressing on the remaining three towers in the project. The Bridges will also feature pop-up shops, a café, and outdoor fitness equipment.

In addition, construction on Reflection, Aldar’s 374-apartment development on the island, is approximately 25% complete.

Meanwhile, Aldar has also revealed progress on its developments on Yas Island. The first two precincts at Yas Acres – the flagship golf and waterfront villa and townhouse development – have commenced handover to customers.

Final installations are currently taking place in precinct D, with upcoming activity focused on laying asphalt and completing snagging works.

Construction has crossed the 50% milestone on Aldar's Water's Edge development at the heart of Yas Island – which consists of 13 mid-rise residential blocks comprised of studios, one-, two-, and three-bedroom apartments.

Onsite activity at the Lea development has focused on general surveying and ground preparation, as well as trench lowering for sewerage and drainage for the 238 land plots.

Construction on the Alreeman community in Al Shamkha has passed the 25% completion milestone. The mixed-use development has seen deep utilities installed, which will continue in Q2 2020, alongside installations of shallow utilities such as gas networks and irrigation.

Preliminary design approvals have been obtained for Aldar's Alreeman II community, which is dedicated to UAE nationals. In Q2 2020, detailed design will be completed, with earth works and sewer network installation commencing.

Aldar’s Alghadeer development has also reached the 50% milestone, with hollow core structure for all residences complete. Sitewide infrastructure including connecting houses to sewerage networks and the installation of the on-site gas network will continue throughout Q3 2020.

In addition, Aldar has also made virtual home tours available for its customers in line with its commitment to digital transformation.

With numerous homes being handed over, specialised disinfection services are taking place to ensure a safe and seamless handover process.

New customers, or those who plan to register their titles during 2020 can avail themselves of Abu Dhabi Municipality's recent waiver of the 2% registration fees. In addition, they can benefit from Aldar service charge waivers for the first year.

To support customers who have purchased, or are looking to purchase homes in The Bridges and Yas Acres, as well as the already handed over Mamsha Al Saadiyat and Jawaher, Aldar has partnered with leading finance providers ADCB, ADIB, and FAB to offer conventional and Islamic home finance at 1.99% fixed for three or five years and with payment deferrals up to six months.

The executive director – commercial at Aldar Properties, Rashed Al Omaira, said: “We are proud to have started the year with a number of handovers including The Bridges and Yas Acres. The Bridges brings the very best of Reem's canal, park, waterfront, and city skyline views, and Yas Acres emphasises a sense of community with leisure at the heart of everyday life.

“All of our other developments are seeing solid progress and we look forward to delivering new homes to our customers in the coming period. Aldar is also committed to ensuring the health, safety and wellbeing of all people working on site.

“In the current environment, we are strictly monitoring the government mandates and are in close contact with our contractors and suppliers to ensure that all safety guidelines are diligently met and that all of our people and sites remain safe on all various levels.”

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