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Aldar Properties announces $2.56bn housing project

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 19 April 2009
NEW HOUSES: A total of 5,000 new residential units are to be built by Aldar Properties. (Getty Images)
NEW HOUSES: A total of 5,000 new residential units are to be built by Aldar Properties. (Getty Images)

Abu Dhabi-based Aldar Properties plans to launch a AED9.4 bn($2.56bn) housing project in the Gulf Arab emirate, its chairman said on Sunday.

"It is a AED9.4 bn project of 5,000 units for the middle class," AhmedAl Sayegh said at a real estate conference in Abu Dhbai, without giving any extra details.

The government of the emirate would finance the housing project, Sayegh told a news conference. (Reuters)


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