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Aldar Properties awards Yas Acres contract

UAE - May 8, 2017
Yas Acres

Aldar Properties has selected Trojan General Contracting as the main contractor for the first three precincts of the Dh6 billion ($1.633 billion) Yas Acres development on Yas Island.

Trojan General Contracting will begin work immediately on all infrastructure, and 652 villas and townhouses. In addition to the golf course, golf clubhouse, mosque, retail and community clubs.

According to Aldar, the handover of the first homes in Yas Acres will take place towards the end of 2019. In total, the development includes 1,315 homes, a golf course, schools, retail, as well as various other leisure amenities.

With the early works package recently completed, Yas Acres surpassed its first construction milestone of 10 percent completion. Valued at Dh1.7 billion ($462.86 million), the main package will last 32 months. It will span across all three precincts that have launched so far.

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 mobilization of the contractors we expect to see highly visible progress as these precincts of villas and townhouses start construction.”

Aldar Properties is a leading property development, investment, and management company in Abu Dhabi.

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