Abu Dhabi’s Aldar Properties awards $460m development contract for Yas Acres
Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island – Yas Acres.
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. This follows the recent completion of the early works package, with Yas Acres recently surpassing its first construction milestone of 10% completion.
The main package is valued at AED 1.7 billion over a period of 32 months, and across the three precincts launched thus far. Aldar 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.
Commenting, 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.”
Source: Aldar Properties