(MENAFN) The Chairman of Abu Dhabi developer Aldar Properties confirmed the establishment of three new residential developments in UAE's capital, with a total of USD1.36 billion. The project is one of 23 new projects set to be launched in the next few years, Arabian Business reported.
The three establishments include The Ansam development, which will be built in stages, the first of which includes 540 apartments, Al Hadeel development with over 230 apartments and townhouses and the third one will be located on Nareel Island, near the city center of Abu Dhabi.
"With leasing and sales activity in Abu Dhabi picking up significantly in the last year, this is the right time for Aldar to embark on the next phase of development, with the launch of well-designed projects that respond closely to end-user demand and support the emirate's economic progress," Aldar deputy chief executive said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.