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Thu 30 Aug 2012 10:18 AM

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Abu Dhabi's Aldar says key projects on track

Developer says projects including Yas Waterworld, Yas Mall due to be completed on time

Abu Dhabi's Aldar says key projects on track
Aldar said that its 59-storey office tower at World Trade Centre Abu Dhabi is "very close" to completion.

Aldar Properties has said that all 43 rides at its Yas Waterworld project have now been installed ahead of the attraction's opening in the fourth quarter of this year.

The attraction, which is next to Ferrari world on Yas Island, spreads across 15 hectares of land and will be operated by Farah Leisure. The company, which is in the midst of a $15bn merger process with competitor Sorouh Real Estate, said that many of the rides being built at the park will be the first of their kind in the region.

"On site, construction has progressed rapidly. All ride installation is now complete with good progress being made on themed rockworks and external facades," the company said in a construction progress report .

"Work on the internal finishes, fitout and landscaping is in full swing. Mechanical and electrical installation is progressing well and preparations have commenced for energisation and testing and commissioning."

The company also said that its 59-storey office tower at World Trade Centre Abu Dhabi is "very close" to completion.

"The building’s facade is 99% complete with only the final infill glazing panels to be installed. The internal lifts are now in use by the construction teams, but are currently being fitted out with their final interiors and finishes."

It added that office spaces are "substantially complete" up to level 45, and around 80% finished on the remaining floors. The offices have been finished to Category A fit-out standards. The building should be complete by the end of autumn.

An 88-storey residential building on the same site is almost finished externally, but internal finishes to its 474 apartments are ongoing.

Meanwhile, the Mall at World Trade Centre is also in finishing stages, whith testing of its MEP systems currently being undertaken and the House of Fraser anchor store and an eight-screen Grand Cinema at fit-out stage. The 10,000m2 mall is set to contain around 180 boutique stores and will open its doors at the start of 2013.

The sprawling Yas Mall remains on track to complete by the fourth quarter of 2013. Once complete, Yas Mall will contain Abu Dhabi's first Geant hypermarket, a 14-screen digital Cineplex outlet and over 450 retail units.

Aldar said piling work for the 235,000m2 complex of buildings has been complete, with pile caps for its 10,000-space covered car park and department store now in place. Casting of the lower ground slab for the main mall is now almost half-finished.

"Installation of an extensive network of underground utilities to serve the mall is underway. With the project targeting a ‘2 Pearl’ Estidama rating, regular audits are being conducted by the authorities, who have consistently provided positive feedback."

Aldar chief executive officer Sami Asad also said that the second phase of its Al Falah development containing thousands of villas for UAE nationals "is currently being handed over".

In total, the scheme contains 4,857 villas. Over 1,000 were handed over in the first quarter of 2012, and 1,079 units in the second phase are being delivered throughout July and August.

"We are excited, as we hope you will be, by the opening in our emirate of so many wonderful new places to explore and experience," he added.