Aldar awards Dh1.7b development contract for Yas Acres

08/05/2017 05:29 AST

Aldar Properties has appointed Trojan General Contracting as the main contractor for the first three precincts of its Yas Acres flagship development on Yas Island. The total value of the contract is Dh1.7 billion for a period of 32 months.

Trojan General Contracting will mobilise on site immediately as it works on all infrastructure, 652 villas and town houses, the golf course, golf club house, mosque, retail and community clubs, Aldar said in a statement on Sunday.

Aldar is planning to hand 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.

Yas Acres is expected to be a home to 15,000 residents once the project is completed in the fourth quarter of 2019.

Available for purchase to all nationalities, the new development will include two- to six-bedroom villas and town houses, with three-bedroom with prices starting at Dh2.9 million. "With the mobilisation of the contractors, we expect to see highly visible progress as these precincts of villas and town houses start construction," stated Talal Al Dhiyebi, chief development officer, Aldar Properties.


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