Aldar IntroducesThreNew ResidentialProjects
On April 20th 2015, Aldar Properties launched three major new residential developments in prime areas of Abu Dhabi, including investment zones where non-UAE nationals can purchase property. Speaking to Construction Week Online, Mohammad Al Mubarak, CEO at Aldar said, “Our three new developments, West Yas, Mayan and Meera, will enrich Yas Island and Shams Abu Dhabi with high-quality homes to meet demand across all segments of the market.” The developer said it was planning to build a further 2,000 homes in the UAE capital. “The next wave of our development plan is well underway, and we are delighted to be able to offer a further 2,000 homes to the growing Abu Dhabi market,” Al Mubarak added. “This exciting pipeline of real estate developments is further testament to our ability to deliver on our strategy of monetising our land bank, growing our recurring revenues and delivering value for all of our shareholders.” Talal Al Dhiyebi, chief development officer of Aldar, further commented on the subject saying, “Abu Dhabi continues to see strong demand for high-quality residential product built with the infrastructure and amenities that have come to signify community living.” West Yas will offer over 1,000 premium villas on Yas Island for exclusive purchase by Emiratis. Also located on Yas Island, the Mayan beachfront development will offer a mix of over 700 studios, one, two, three and four bedroom apartments, as well as townhouses, villas and penthouses.
Meera, located on Shams Abu Dhabi will offer over 400 family homes.