Trojan General Contracting, the UAE-based leading contracting company, has been awarded a $345m contract by Aldar Properties for its new project Water’s Edge.
This came as the next step of the project after awarding the Dutch Foundation has the contract for the main construction works of the project which started in last February.
Situated on Yas Island next to the under-construction Underworld Theme Park, Water’s Edge is a master development that will comprise more than 2250 luxurious residential units that vary between studio apartments, one-, two-, and three-bedroom apartments with prices that start from Dh480,000.
The development also houses several high-end entertainment facilities including private courtyards with swimming pools, courts, landscaped areas and a mosque in addition to a number of fine dining restaurants and retail spaces.
It is worth mentioning that Aldar Properties has launched an $8bn joint venture along with Emaar Properties earlier this month with the aim of developing two main projects, one in the emirate of Abu Dhabi (Saadiyat Grove) and the other in the emirate of Dubai (Emaar Beachfront), along with other national and international projects.