Aldar tenders Yas Island Emirati housing development

03 June 2012

The 600 villas will be a new residential community for UAE nationals

Local real estate developer Aldar Properties has invited companies to bid by 17 June for a contract to build 600 villas on its Yas Island development in Abu Dhabi.

The Emirati housing community will be built in Zone K of Yas Island and is known as the Garden Crescent development.

The prospective bidders include:

Aldar Properties is also preparing to tender a contract to complete non-residential buildings that will support the community living in the villas. The buildings include a 23,000-square-metre school, a 2,500 sq m mosque, a 4,400 sq m shopping centre and a 1,700 sq m recreation club.

The architect of record is US-based RW Armstrong.

In 2009, Aldar Properties awarded more than $1bn of construction contracts on another Emirati housing community known as Al-Fallah villas. The developer awarded three contracts, which are worth up to AED2.6bn each ($706m), to Al-Jaber Group; El-Seif, and Malaysia’s Pembinaan SPK.

The villas are near Abu Dhabi International airport and the Abu Dhabi-Dubai highway.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.