Aldar begins tendering for Dhs6bn Yas Acres project

Abu Dhabi developer Aldar Properties confirmed that tendering for its largest-ever project – Yas Acres – is now underway.

The early works package tender is expected to be awarded by the end of the year, it said in a statement.

Meanwhile the main contractor is anticipated to be appointed by mid 2017.

Launched in April this year, the Dhs6bn golf and waterfront project is located on the northern part of Yas Island and will add 1,315 villas to the emirate.

A nine-hole golf course and member’s country club will be at the centre of the development, along with other amenities such as two schools, five mosques, community retail, an ADNOC petrol station, a yacht club and marina.

Spanning an area of 811,108 square metres, the site will also include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and BBQ areas.

Prices start at Dhs2.9m for a three bedroom townhouse, Aldar said during the launch. Once complete, the development will be home to 15,000 residents.

Read more: Abu Dhabi’s Aldar launches Dhs 6bn golf and waterfront project

In June, Aldar said it sold out the first phase of the project, generating revenues of more than Dhs1bn.

Read more: Aldar says phase one of Yas Acres sold out for Dhs1bn

The overall project is due to be completed by the fourth quarter of 2019.

Meanwhile Aldar also confirmed on Wednesday that its other projects on Yas Island were progressing on schedule.

Construction of Ansam, an Andalusian style apartment development is ongoing with internal block work now complete across all buildings.

“Interior work is progressing well, and nearing completion in certain areas, with MEP installations also ongoing,” Aldar said.

At West Yas, infrastructure work is nearing completion, with villa construction underway.

Amenities within the community such as the mosque, retail centre and recreation club are due for completion by the end of 2016.

West Yas Academy, operated by Aldar Academies, has been operational since August.

The developer also confirmed that all the enabling works at its mid-market project – Shams Meera on Reem Island – have been completed and handed over.

Construction teams for the main contract package have also commenced activity.

Also read: Abu Dhabi’s Aldar awards $70m contract for Shams Meera development