PHOTO
• Development remains on track
• New time lapse video displays project progress with completion set for 2018
Shams Meera – the first mid-market development from Aldar Properties PJSC (‘Aldar’), Abu Dhabi's leading listed property development, investment and management company – is making its presence felt on Al Reem Island through a new time lapse video released by the Developer.
Launched in June 2015, and with over 90% of the units sold, Shams Meera is attracting many new customers not only as investors, but also those wishing to live in affordable units in close proximity to Abu Dhabi’s central business district.
Activity on site is progressing according to construction plans. Current construction activity is focusing on steel reinforcements and foundation work, as well as columns and walls for the basement levels.
Commenting, Talal Al Dhiyebi, Chief Development Officer, Aldar Properties, said:
“The launch of Shams Meera is an important milestone, as it will be Aldar’s first mid-market development, providing the right world-class product at the right price. We are making good progress on this development, which will add value to Shams Abu Dhabi at Al Reem Island.”
“Mid-market and affordable homes represent a significant opportunity for the Emirate, and Shams Meera is showing us that we can succeed in this space.”
For more information on Shams Meera, please visit www.aldar.com or call 800-ALDAR.
To watch the time lapse video of the project’s process, please click on the YouTube link below:
https://www.youtube.com/watch?v=LTVAGZaoTYA
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For further information, please contact:
Media:
Nick Farmer/ Obaid Al Yammahi
Aldar Properties
+971 2 810 5555
Layla Haroon
Bell Pottinger
+971 55 636 0425
About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 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.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
www.aldar.com
© Press Release 2016
