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Ansam, an Andalusian-style apartment development.

Aldar says all property developments on schedule

ABU DHABI, October 12, 2016

Abu Dhabi-based Aldar Properties, a leading listed property development, has issued a progress update on its diverse portfolio of projects, all of which are progressing in line with expectation.

On Yas Island, there is strong momentum in the construction of Ansam, an Andalusian-style apartment development, the update said.

Internal block work is now complete across all buildings, with external block work progressing steadily. Interior work is progressing well, and nearing completion in certain areas, with MEP (mechanical, electrical and plumbing) installations also ongoing.

At West Yas, infrastructure work is nearing completion, with villa construction under way. Amenities within the community such as the mosque, retail centre and recreation club are due for completion by the end of 2016. West Yas Academy, operated by Aldar Academies, has been operational since August.

Following the successful launch of Yas Acres, and strong sales to date, tendering for the early works package is under way, with award and mobilisation expected to take place by the end of the year, according to the update.

The main contractor is expected to be appointed by mid-2017. Enabling works for Aldar’s luxury golf and waterfront apartment development Mayan - also situated on Yas Island - will soon commence, it noted.

At Al Hadeel, the latest residential community to complement Al Raha Beach’s existing luxury residences, headway made in construction is evident, with the full 10-storey building structure now clearly visible.

Following the award of the main contract packages over the course of the summer, construction teams are now mobilised on both Nareel Island and at Al Merief. Planning for community amenities and facilities on Nareel Island, including a mosque and marina, has commenced, with all work expected to be completed during Q4 2017.

Meanwhile, at Al Merief, all project plans have been submitted for approval for the infrastructure construction that will support the development, all of which is expected to be completed in Q4 2017.

Within Aldar’s Shams Abu Dhabi development on Reem Island, Aldar’s first mid-market project, Shams Meera, is showing strong signs of progress. All enabling works have been completed and handed over, and construction teams for the main contract package have commenced activity. Elsewhere within Shams, work on the closed canal is advancing on schedule, with work on the streetscape nearing its conclusion, the update said.

In Al Ain, work continues on the expansion of Al Jimi Mall, which attracts eight million visitors annually, is expected to be completed by the end of the first quarter of 2018, Aldar explained in the update. – TradeArabia News Service




Tags: Aldar Properties | Al Ain | Ansam |

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