The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Aldar awards Dh440 worth of contracts for Al Nareel Island and Al Merief luxury projects

posted on 21/07/2016: 1254 views


Aldar, Abu Dhabi's largest listed property developer, has awarded construction contracts worth Dh440 million.

The developer said yesterday the Abu Dhabi contractor National Projects and Construction had started work last Thursday on its Nareel Island project in Al Bateen, and Al Merief in Khalifa City on the outskirts of the capital.

Aldar said the contracts covered work on infrastructure, utilities and public areas for the projects, as well as marina works on Nareel Island.

Work on the developments, which will eventually provide plots of land for Emirati buyers to build their own villas, is scheduled to take 16 months to complete.

Nareel Island has been marketed by Aldar as one of the most desirable new addresses in the capital. The development consists of 148 villa plots as well as a lagoon, marina, clubhouse, parks, private beaches and gardens.

Aldar said it had awarded the earthworks and marine works tender packages in October. Reclamation work for the lagoon has started and dredging work on the southern island is complete.

The developer started selling the high-value villa plots last year, reporting that buyers committed an average of Dh18.5 million for each villa plot, and that is even before taking into consideration the cost of building a villa.

Al Merief, a new community in Khalifa City close to Masdar City and Raha Beach, comprises 283 land plots that cost Dh2.1 million on average. Plots at Al Merief also went on sale to Emiratis last year.

Aldar said it had completed all concept and preliminary designs for the project as well as a detailed design last year.

"As one of the most exclusive developments in the region, Nareel Island truly brings a new level of luxury to Abu Dhabi. Meanwhile, Al Merief is set to become a welcoming, impressive new address in a burgeoning area of the capital," said Talal Al Dhiyebi, Aldar's chief development officer.

"We are very proud of these two very distinct communities, and the enthusiasm received from the UAE national community." – The National - http://www.thenational.ae/business/property/aldar-awards-dh440-worth-of-contracts-for-al-nareel-island-and-al-merief-luxury-projects

RELATED ARTICLES

30 May 2017 Ministry of Infrastructure Development manages 12 national projects costing AED1.43 billion
08 May 2017 Abu Dhabi Executive Committee approves infrastructure projects worth AED204 million
03 May 2017 Government approves infrastructure projects worth AED410 million
01 May 2017 AED 250-million projects by Sharjah Department of Public Works in Q1
18 April 2017 ‘Imagine Abu Dhabi’ initiative attracts 2,270 ideas to support development


Most Read