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Sun 1 Oct 2017 06:40 PM

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Aldar awards $202m contract for The Bridges on Reem Island

Construction Group Contracting House to build 1,272 apartments in six towers on Reem Island

Aldar awards $202m contract for The Bridges on Reem Island
Aldar Properties has appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for a $202 million contract at The Bridges, its mid-market residential development on Reem Island.

Aldar Properties has appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for a $202 million (AED745m) contract at The Bridges, its mid-market residential development on Reem Island.

The contract includes the construction of six apartment towers, following shoring, piling and earthworks on the site. 

The towers consist of 1,272 apartments that range from studios to three bedrooms, and feature a wide range of amenities including two indoor gymnasiums, a private courtyard with swimming pools, and an outdoor fitness area.

Aldar said the apartments will be ready for handover during the first quarter of 2020.

"The Bridges has been extremely well received, which clearly demonstrates the demand that exists for mid-market developments in desirable locations," said Talal Al Dhiyebi, chief development officer at Aldar. 

"We are pleased to award the main contract for The Bridges to support our continued focus on quality and timely completion for our customers. This brings us a step closer to meeting the growing demand for this type of development and further expanding the appeal of real estate in Abu Dhabi.”

Following an overwhelming response on the sale of the first two towers at Cityscape Abu Dhabi, earlier this year, Aldar subsequently sold out all homes in the development’s third tower in just four hours.

Adjacent to the central business district on Al Maryah Island, and five minutes away from the city centre, The Bridges is divided into two plots, each containing three towers. The plots are separated by a new 2.4km canal that runs through Reem Island.

Surrounding neighborhood includes canal walks, parks, a public beach, community mosques, schools and hospitals, healthcare facilities, retail outlets and hotels, including the Rosewood Hotel, Four Seasons, Galleria Mall, Cleveland Clinic, and Saadiyat Island.

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