The foundations of these projects are already well under construction. ALDAR will be showcasing these extensive projects at this year's Cityscape Dubai taking place at the Dubai International Exhibition Centre from October 16 to October 18.
The two projects on Al Raha Beach are also on schedule for several other construction milestones. The work on the supporting infrastructure for Al Bandar and Al Muneera are also set to reach their target dates for completion.
The canal bridge crossings, and the highway interchanges are all progressing steadily and are set to achieve the prescribed completion date. In addition the boulevard and access roads are also attaining incremental target dates. With the subcontractors for utilities nearly finalised, the contracts and schedule will be complete by the end of 2007.
"ALDAR is committed to timely delivery of its projects, and we are very pleased with the progress so far at Al Bandar and Al Muneera" commented Al Raha Beach Development Director, Michael Cox. "Our experience in this industry, coupled with our strong relationships with quality suppliers, allows the team to focus on the quality standards that our customers expect, while staying on the schedule we set out from the start."
ALDAR's participation at Cityscape offers a timely opportunity to focus on the impressive construction projects being undertaken by ALDAR in Abu Dhabi and the Emirate as a whole. Al Bandar is designed by leading architects Broadway Malyan of the United Kingdom, is positioned on the waterfront of Abu Dhabi and will create a unique and prestigious residential and commercial destination.
Al Muneera, a development that makes up a part of Khor Al Raha, one of eleven precincts within the Al Raha Beach precinct offers a mix of luxury living in magnificent villas with waterfront and canal views as well as distinctly designed multi-storey apartment buildings.
ALDAR's commitment to the real estate industry in the emirate is a key driver in bringing these projects to Cityscape 2007. Construction on Al Bandar is now in full swing with the piling work and infrastructure in progress. The project is expected to complete at the end of 2009.
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ALDAR complete land reclamation, ground improvement and sea walls for Al Bandar and Al Muneera
- United Arab Emirates: Wednesday, October 17 - 2007 at 08:58
- PRESS RELEASE
ALDAR Properties PJSC, Abu Dhabi's first and leading integrated property developer has announced that it has completed the land reclamation, ground improvement and development of the diaphragm sea walls on its Al Bandar and Al Muneera projects.
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About ALDAR PropertiesALDAR Properties PJSC is the premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. The company was formed as the result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004. ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. ALDAR Properties PJSC was created to fast track real estate investment opportunities within Abu Dhabi and the Emirates, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within the Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include the Formula 1™ race track, as well as the Ferrari and Warner Bros theme parks.
In August 2007 ALDAR announced its expansion into Malaysia via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia.
For more information, press only:
Aimee Peters
Buchanan Middle East
Lara Lynn Golden, News EditorWednesday, October 17 - 2007 at 08:58 UAE local time (GMT+4)
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