Aldar Properties has awarded an AED155 million contract for the early works of Yas Acres, a golf and waterfront development on Yas Island, to locally-based Bauer Geotechnical Specialised Foundation.
Talal Al Dhiyebi, Chief Development Officer of Aldar Properties, said, “We are pleased to award the early works package for Yas Acres within six months of launching our flagship development. This is a clear endorsement of the commitment from Aldar and its partners to deliver a best in class development that is fully compliant with the new Real Estate Law in Abu Dhabi. This is an important milestone, and we look forward to Yas Acres being completed, and for our customers to be able to call it home.”
The sales and purchase agreements for Yas Acres are the first to have been registered with Abu Dhabi Municipality, underlining the positive impact of the real estate law and its ongoing implementation.