Aldar Properties PJSC will commence the handover of plots in Al Merief and on Nareel Island during the first quarter of this year.
The Abu Dhabi-headquartered property development, investment, and management company said in a statement that the handover of plots on Nareel Island, located on the coast of Al Bateen, is scheduled to start this month.
Meanwhile, plots at Al Merief, a residential community specifically designed for UAE nationals in Khalifa City, will be handed within the quarter.
In the meantime, the company is continuing the delivery of homes at its Ansam and Al Hadeel developments, which commenced in December 2017.
According to Aldar, Ansam is the first residential project on Yas Island to be handed over to residents, “marking the establishment of the island’s residential population”.
Giving an update on its under-construction projects, Aldar revealed that interior work is progressing at West Yas, where more than 300 villas are under the final fix and testing stage in preparation for handover to customers. The school, mosque, and retail building have reportedly completed delivery.
At Mayan, Aldar’s luxury golf and waterfront apartment development, shoring, enabling, and reinforcement works are ongoing, while work on the main utility networks is under way at Yas Acres.
On Reem Island, Aldar is expecting main construction works to commence at The Bridges in early Q2 2018, following the completion of the enabling and piling works. And glazing and façade work on both buildings of Meera are nearing completion.
Aldar also noted that work continues on the expansion of Al Jimi Mall, its flagship asset in Al Ain, which is due to complete this year. The expansion adds 33,000m2 of retail, leisure, and food and beverage (F&B) space to the property, bringing the total gross leasable area (GLA) to 76,000m2.