• HSBC

ALDAR Properties announces tender for construction of 1388 villas at Al Raha Gardens

  • United Arab Emirates: Thursday, August 25 - 2005 at 08:34
  • PRESS RELEASE

ALDAR Properties PJSC announced that 11 leading UAE contractors have been invited to bid for the construction of the 1,388 villas that will make up its Al Raha Gardens community development east of the city.

The contracting companies approved to bid are; Al Hamed Development and Construction, Al Meraikhi General Contracting, Al Meraikhi Industrial Complex, Ali & Sons Company, Arabtec Construction, Al Fara'a General Contracting Company, Al Jaber Building Establishment, Commodore Contracting Company, Civilco Civil Engineering and Construction, Nael General Co. and Target Engineering Construction Company.

Bids are due to be submitted by August 31, 2005, with the selected contractor due to begin work on site during September. The first phase of villas is due for completion in August 2006, while the whole project is due for completion in December, 2008.

All villas at the Al Raha Gardens community development were sold to UAE Nationals in two phases during June and July, 2005.

Al Raha Gardens was the first property development to be offered for sale in the Emirate of Abu Dhabi. It has been conceived as a fully integrated and gated community. The development will comprise residential accommodation ranging from apartments and spacious multi bed roomed townhouses through to villas. These will be complemented by shops, schools and the Emirates' most exclusive Polo Club and Polo Hotel set in the tranquil haven of an open park and landscaped environment.
 
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Notes and Media Contacts »

ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004.

ALDAR Properties PJSC was created to fast track real estate investment opportunities, 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 Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.

ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.

For more information, please contact Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the numbers below:

Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060

Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988

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