The contract will cover the construction of five 11-floor buildings comprising 512 units.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…440 Views | the publication reaches you by | Saudi Arabia Today
The community includes the Yas Links golf course, swimming pools, children’s play areas, gyms and retail outlets.
“As a community of luxury residences in one of the most exciting locations in Abu Dhabi, Mayan caters to the high demand for Yas Island. Mayan offers a world-class living experience that will add to the available amenities in the surrounding area,” said Talal Al Dhiyebi, chief development officer at Aldar.
Early works for the project were awarded in November last year.
The start of main construction work at Mayan comes as the developer expects a tougher year in the Abu Dhabi property market.
Aldar’s fourth quarter 2016 profit was almost flat at Dhs727.9m, compared to Dhs 734.6m a year earlier and the company said it expected lower sales this year as tough conditions in the UAE capital continue to impact the property market.
Property site Bayut.com said that there was an 8 per cent decline in the average Abu Dhabi apartment rent in February.
Do you have information you want to reach our readers?
A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…