Sat 01-04-2017 22:30 PM

Aldar Properties awards AED500 mln contract for Mayan development

ABU DHABI, 1st April, 2017 (WAM) -- Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot General Construction, one of the leading construction companies in the region.

The AED500 million contract will deliver the construction of five, eleven-story buildings comprising 512 units. Nineteen of these units will be luxury beach villas overlooking the beautiful Yas shoreline, Al Dar said.

Situated on Yas Island, Mayan offers studios, one, two, three and four-bedroom apartments, as well as a select number of golf course homes and beach-front villas. In addition to serene views of Yas Island’s blue waters and natural mangroves, and the lush green fairways of Yas Links golf course, Mayan residents will benefit from the community’s multiple swimming pools, children play areas, gymnasiums and retail outlets.

Mayan is also minutes away from Yas Island's renowned leisure and entertainment destinations, including Yas Mall, Yas Marina, Yas Marina Circuit, Ferrari World Abu Dhabi, and Yas Waterworld, as well as the dining and entertainment options at Yas Plaza hotels.

"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. Since we launched Mayan last year, we have seen strong interest and we expect this to continue," Talal Al Dhiyebi, Chief Development Officer at Aldar, commented.

Aldar Properties is the leading real estate developer in Abu Dhabi with US$10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

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