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Sat 8 Feb 2020 02:04 AM

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Aldar says to start handover of flagship Yas Island waterfront project

Aldar Properties to start delivery at Yas Acres, the golf and waterfront villa and townhouse development on the northern shores of Yas Island

Aldar says to start handover of flagship Yas Island waterfront project
Yas Acres.

Aldar Properties has revealed that handovers are set to start at Yas Acres, Aldar’s flagship golf and waterfront villa and townhouse development on the northern shores of Yas Island.

In its latest quarterly update on projects under development across Abu Dhabi, the developer said construction of 652 villas and townhouses has reached its final stages.

Planned phased handovers are set to commence at the end of this quarter, it added.

Other projects underway on Yas Island include Lea, which was first launched in April and features 238 plots directly to the north of Yas Acres.

Aldar said it has awarded the contract to Hilalco with a mandate that encompasses the design and build of Lea’s infrastructure.

It added that Lea has proven to be one of Aldar’s most popular locations and sold out during Cityscape Abu Dhabi last year, generating over AED400 million in sales.

According to the update, the first phase of The Bridges on Reem Island is also nearing completion with handover to customers expected to begin in early Q2.

The project is a six building, 1,272 home development, which is split by a canal on the island is located next to the capital’s newest urban park.The first phase consists of three buildings containing 636 apartments.

Maan Al Awlaqi, executive director – commercial at Aldar Properties said: “We are starting off the year strong with a number of projects nearing completion and handover in some of Abu Dhabi’s most sought after locations.

"Yas Acres and The Bridges promise their residents an unrivalled living experience within their respective destinations, surrounded by abundant amenities for which Aldar is known. We are also pressing ahead on the various developments in our pipeline and look forward to delivering more homes across the capital in the coming period.”

At other sites such as Alghadeer, situated close to the border of Abu Dhabi and Dubai, show homes are now open to the public, with the development of a masterplan now entering its second phase.

At Water’s Edge, structural works across all buildings are making good progress on the development on the island’s eastern shores, Aldar said. The development consists of 13 mid-rise residential blocks and is comprised of studios, one, two and three-bedroom apartments.

The company added that on Reem Island, construction of the 374-home Reflection development is continuing to move at a good pace on both Towers A and B while work at Alreeman, which is located near Abu Dhabi International Airport, is continuing ahead of schedule.

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