Aldar Properties announces $1.6bn residential project in Abu Dhabi

WCN Editorial Team 13 Apr 2016 MIDDLE EAST BUILDINGS

Aldar Properties has launched Yas Acres in Abu Dhabi, a residential development worth AED6bn (about $1.63bn).

Yas Acres will be built on the northern shores of Yas Island. It will feature range of two- to six-bedroom villas and townhouses.

The development will have 1,315 villas. Villa clusters will include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and barbecue areas.

A full length nine-hole golf course and member's country will be at the centre of the development. Running the full length of the development along either side of the golf course will be the Royal Oak comprising four- to six-bedroom luxury villas with golf, park and sea views.

Yas Acres will also feature five mosques, two schools, a retail centre, a full service ADNOC petrol station, a yacht club and marina. When completed, the development will be able to house 15,000 residents.

Aldar Properties CEO Mohamed Khalifa Al Mubarak said: "Yas Acres is compelling for investors looking to buy into the steady returns and future growth of the well-established Yas Island community.

"The new development is also exciting for those who want to buy a family home to live in and aspire to the luxury lifestyle amenities that define Yas Island living.

"We have designed a complete, sustainable community and are confident buyers will be eager to gain access to these new quality homes."

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