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Aldar awards Aed 30 million early works contract for Mayan

ABU DHABI, UAE 13 November 2016 

Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has awarded the early works contract for the first phase of Mayan, a luxury residential development located on Yas Island, to Dutch Foundation & Concrete Rehabilitation Company WLL.

The AED 30 million contract provides for shoring, piling and earthworks for
Mayan’s 512 luxury apartments which are spread across five buildings. The Abu Dhabi-based full-service engineering foundation company, Dutch Foundation & Concrete Rehabilitation Company WLL, has been appointed to carry out the work over a five month period with commencement effective immediately.

Talal Al Dhiyebi, Chief Development Officer at Aldar, commented: “The enthusiasm for Mayan since its launch last year has been extremely encouraging. We have witnessed strong demand for luxury residences in prime locations, and Mayan caters to this demand with high quality homes in Abu Dhabi’s most exciting destination, Yas Island which is home to a number of world class amenities and attractions.”

Situated on Yas Island, Mayan offers studios, one, two, three and four-bedroom apartments, as well as a select number of golf course homes and beach-front villas. In addition to serene views of Yas Island’s blue waters and natural mangroves, and the lush green fairways of Yas Links golf course, Mayan residents will benefit from the community’s multiple swimming pools, children play areas, gymnasiums and retail outlets. Mayan is also minutes away from Yas Island’s renowned leisure and entertainment destinations, including Yas Mall, Yas Marina, Yas Marina Circuit, Ferrari World Abu Dhabi, and Yas Waterworld, as well as the dining and entertainment options at Yas Plaza hotels.

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For further information, please contact:
Media:
Nick Farmer/ Obaid Al Yammahi
Aldar Properties
+971 2 810 5555

Layla Haroon
Bell Pottinger
+971 55 636 0425

About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.

Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.

Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.

Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail – Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.

Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.

www.aldar.com

© Press Release 2016

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