Aldar awards $2.72bln construction contract for mega Abu Dhabi project

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Aldar Properties, a leading property developer in Abu Dhabi, UAE, has signed up Al Rakha Contracting & General Transport LLC to complete the infrastructure buildings and early works package for the first neighbourhood in the Phase Two of its Dh10-billion ($2.72 billion) project Alghadeer, located close to the border of Abu Dhabi and Dubai.

A mega development, Alghadeer offers an unparalleled opportunity to benefit from living between the cities Abu Dhabi and Dubai with easy access to the UAE’s arterial highways, and close proximity to the Dubai Expo 2020 site, which is located in the Dubai South district, near Dubai World Central Airport.

The destination is designed for people who want a healthy, sustainable and smart way of living, while still enjoying convenient access to the city, said the Abu Dhabi developer.

As per the Dh335-million ($91 million) deal, Al Rakha Contracting & General Transport will construct 707 maisonettes, townhouses and villas following the site preparation work.

This neighbourhood is located in the north west section of the masterplan, which features over 14,000 homes, commercial properties, cultural and institutional amenities and entertainment attractions to be built over the coming 15 years, stated Aldar.

CEO Talal Al Dhiyebi said: "From its location at the centre of the UAE, Alghadeer offers residents a peaceful community with sustainable living initiatives within close proximity to both Abu Dhabi and Dubai. We have seen solid interest in the project which expands our successful destination-led strategy to new areas of the emirate."

At the heart of the giant project will be Harvest, a multi-use agricultural led space featuring allotments, as well as The Hubn - a F&B (food and beverages) outlet, The Studio - an educational area for training and workshops, The Shed - a dedicated area for purchasing farming tools and supplies, and The Market - a retail area for freshly grown produce, and The Field - where people can rent plots and grow their own produce.

Appealing to those who prefer wide-open spaces and unique recreational amenities, the destination also feature lakes, running and cycle tracks, gym, camping and BBQ sites and a network of walkable gardens and parks lit entirely by solar powered lights, stated the Emirati developer.

Since its launch this April, Aldar has announced the sale of two plots within Alghadeer which will feature a British curriculum school and a LuLu supermarket and a community clinic in line with handovers of the first new community to customers.-TradeArabia News Service

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