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16 April 2024

Aldar awards AED1.7 billion development contract for Yas Acres


Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its flagship development on Yas Island, Yas Acres.

Trojan will mobilise on site immediately as it works on the infrastructure, 652 villas and townhouses, the golf course, golf club house, mosque, retail and community clubs. This follows the recent completion of the early works package, with Yas Acres recently surpassing its first construction milestone of 10% completion.

The main package is valued at AED1.7 billion over a period of 32 months and across the three precincts launched thus far. Aldar is committed to handing over the first homes in Yas Acres to purchasers at the end of 2019.

Talal Al Dhiyebi, Chief Development Officer of Aldar Properties, said, "We are pleased to award the main contract for the first three precincts of Yas Acres, our flagship development on Yas Island, as we continue to focus on its timely completion and delivery to customers. With the mobilisation of the contractors, we expect to see highly visible progress as these precincts of villas and townhouses start construction."