By Staff writer
Abu Dhabi developer announces start of work on Ansam residential project; scheduled for 2017 handover
Aldar Properties, the Abu Dhabi-based developer, has announced the start of construction of the Ansam residential development on Yas Island.
Ansam is currently the first and only residential development on Yas Island available for purchase for both Emiratis and expatriates.
The development features four Andalusian-style apartment buildings comprising over 500 apartments overlooking the Yas Links golf course and the Yas Island waterfront.
All units available for sale were sold out on the first day of sales in June 2014 and will be handed over to owners in 2017, Aldar said in a statement.
Mohammad Al Mubarak, CEO at Aldar said: "This groundbreaking not only marks the start of construction of Ansam but also the start of construction of our next development pipeline, which will see us launch a significant number of residential units over the next five years.
"The building of Ansam is also another major step forward in the Yas Island story which recently saw the opening of Yas Mall to critical acclaim."
Ansam is close to the Yas Marina Formula One Circuit, Yas Waterworld, the Ferrari World theme park, Yas Mall, Yas Viceroy, Yas Marina and the Yas Links golf club.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.