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Sat 13 May 2017 11:22 PM

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Aldar awards $460m deal to build Yas Acres project

Yas Island development comprises a total of 1,315 homes, a golf course, schools, retail, and other leisure amenities

Aldar awards $460m deal to build Yas Acres project

Aldar Properties has appointed Trojan General Contracting as the main contractor for the first three precincts of Yas Acres, its flagship development on Yas Island.

Trojan General Contracting will mobilise on site immediately as it works on all infrastructure, 652 villas and townhouses, the golf course, golf club house, mosque, retail and community clubs, Aldar said in a statement. 

This follows the recent completion of the early works package, with Yas Acres recently surpassing its first construction milestone of 10 percent completion.

The main package is valued at AED1.7 billion ($460 million) over a period of 32 months, and across the three precincts launched thus far. Aldar said it is committed to handing over the first homes in Yas Acres to purchasers at the end of 2019.

The development comprises a total of 1,315 homes, a golf course, schools, retail, and other leisure amenities.

Talal Al Dhiyebi, chief development officer, Aldar Properties, said: “We are pleased to award the main contract for the first three precincts of Yas Acres, our flagship development on Yas Island, as we continue to focus on its timely completion, and delivery to customers. With the mobilisation of the contractors we expect to see highly visible progress as these precincts of villas and townhouses start construction.”

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