“We [will] deliver Motor World next month,” Asad said. “We are going to focus on our delivery in Al-Raha Beach and will complete one part of it next month and the rest by the end of the year.”

“We are focusing on Yas Island, the mall and the water park will open next year,” Asad said.

“We were different from other developers because we were developing sustainable communities.”

In January, the Abu Dhabi government acquired $3bn of Aldar infrastructure on Yas Island, $1.5bn of residential units and issued a $760m bond to a sovereign wealth fund.