Aldar and NPC signs $119m deal

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Aldar and NPC signs $119m deal

Aldar and NPC signs $119m deal

Abu Dhabi based developer Aldar Properties granted contracts of 119 million dollars or 440 million dirham to National Projects and Construction (NPC) for Nareel Island, its master planned island community, and for Al Merief, a community located in Khalifa City.
Set to be done over a 16-month time frame, the work on both developments started in July, and covers utilities, infrastructures, and public spaces, notwithstanding related marina works for Nareel Island.
Aldar Properties’ Chief development officer, Mr. Talal Al Dhiyebi remarked: “As a standout amongst the most exclusive improvements in the area, Nareel Island genuinely brings another level of extravagance to Abu Dhabi. In the meantime, Al Merief is set to turn out to be an inviting, noteworthy new address to an expanding vicinity of the capital. We are exceptionally glad for these two extremely unique communities, and the interest well received from the UAE National locals amid every declaration and phase of sales.
“With the engagement of NPC, we are on track for the fulfillment of both improvements in 2017.”
Nareel Island is a top of the line plot improvement situated on the coast in Al Bateen, spread all around two islands. The project development comprises of 148 estate plots – with a few units offering waterfront access – as well as marina, lagoon, clubhouse, open parks, private beaches, floats and gardens.
Aldar granted the marine works and earthworks packages in October 2015 and is right now gaining relentless ground on building construction, with cutting works complete in various regions on the prime island and revetments nearing finishing.
Works on reclamation for the lagoon has additionally initiated, and the excavation at the southern island is finished.
Then again, Al Merief, over its 283 area plots, is set inside wonderfully lawn layout, recreational facilities and protected garden enclosures, all arranged in close vicinity to the community’s parks, mosques, an Aldar Academies-operated school, and neighborhood retail center.
All idea and preparatory outlines and also the nitty-gritty configuration stage were finished in 2015.

 

Mohamed Dekkak

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