Abu Dhabi, 11 April 2015: Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, announces the start of construction of the Ansam residential development on Yas Island.

Ansam is currently the first and only residential development on Yas Island available for purchase for both Emiratis and expatriates. The development features four Andalusian-style apartment buildings comprising over 500 apartments overlooking the Yas Links golf course and the Yas Island waterfront. Owing to the quality of the apartments on offer, all units available for sale were sold out on the first day of sales in June 2014 and will be handed over to owners in 2017.

Mohammad Al Mubarak, Chief Executive Officer at Aldar said: "This groundbreaking not only marks the start of construction of Ansam but also the start of construction of our next development pipeline, which will see us launch a significant number of residential units over the next five years. The building of Ansam is also another major step forward in the Yas Island story which recently saw the opening of Yas Mall to critical acclaim."

Ansam enables both Emiratis and expatriates to experience resort-style living amongst some of Abu Dhabi's most popular leisure and entertainment venues. Ansam is close to the Yas Marina Formula One Circuit, Yas Waterworld, the Ferrari World theme park, Yas Mall,  Yas Viceroy, Yas Marina and the Yas Links golf club.

Each Ansam building will be integrated into a landscaped setting and provide high-quality amenities designed to meet the needs of a family-oriented community, such as barbeque areas, infinity pools, kids' pools, gymnasiums, and multi-purpose halls to host indoor functions.

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Media enquiries:
Alya Al Mutawa
Aldar Properties
+971 2 810 5555

Joudi Issa
Brunswick Group 
+971 4 375 6285

ABOUT ALDAR
Abu Dhabi-based Aldar Properties PJSC is one of the largest developers in the Middle East and North Africa region, with almost US$12 billion of assets. The company has developed some of Abu Dhabi's most iconic and complex projects, from the Formula 1 facilities on Yas Island to the thriving new Shams Abu Dhabi community on Al Reem Island. Its property portfolio is diversified and balanced with a total asset mix comprising residential communities, retail property, with the remaining in commercial. There are also nine hotels with more than 2,500 available rooms. With a land bank of over 77 million square metres, 90 per cent of which is in special investment zones, Aldar Properties is focused on serving the growing demand in the UAE for high-quality and professionally managed property. Aldar Properties is a strong partner of the Government of Abu Dhabi, which is also a major shareholder. The business is aligned with the Emirate's "Vision 2030" strategy of economic diversification and social infrastructure development.

www.aldar.com

© Press Release 2015