Work to start on Aldar's Reem Island mid-market housing project

Work on Aldar Properties’ first mid-market housing block in Abu Dhabi is set to start after the developer awarded contractor Fibrex a Dh258 million contract to build it. Construction work on the two 26-storey Meera Shams towers in the Shams area of Reem Island in the capital will start immediately, Aldar said. The planned project, […]

Work on Aldar Properties’ first mid-market housing block in Abu Dhabi is set to start after the developer awarded contractor Fibrex a Dh258 million contract to build it.

Construction work on the two 26-storey Meera Shams towers in the Shams area of Reem Island in the capital will start immediately, Aldar said.

The planned project, which will comprise 400 apartments overlooking a landscaped park, is set to be the developer’s first housing scheme aimed at mid market buyers.

Sales at Meera Shams were launched in June last year aimed at residents on a salary between Dh20,000 and Dh30,000 a month with prices starting from Dh900,000 for a one bedroom flat.

“From day one the response to Shams Meera has been really encouraging, showing us that there is significant demand for high quality mid-market homes in Abu Dhabi’s prime destinations,” said Aldar chief executive Mohamed Khalifa Al Mubarak.

Aldar said that the buildings would also include an underground basement car park, a garden area, swimming pools and a children’s play area.

The surrounding neighbourhood has been designed to include canal walks, parks, a public beach, community mosques, schools and hospitals, clinics and shops.

lbarnard@thenational.ae

Follow The National’s Business section on Twitter

Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *