Housing stock to be substantially increased in Abu Dhabi

11.11.2015
Aldar Properties is launching new villa Yas Island development and Abu Dhabi Municipality will create a whole new Shakhbout City.

Abu Dhabi residential real estate market will soon be supplied with thousands of new units through new flagship projects on Yas Island by Aldar Properties and a large-scale residential project in the mainland from Abu Dhabi Municipality.

Mayan project by Aldar Properties involves the construction of villas and apartment blocks according to a long-term Yas Island development strategy applied by Aldar Properties in the UAE capital. 90% of new housing by Aldar Properties will have a view of the sea and the golf course at the same time. The 1-4 bedroom apartments and beachfront villas are being built next to the Yas Links Golf Club. Sales start from November 15, and the second phase of the project will be open to foreign investors.

“Mayan is Aldar’s most exclusive development yet, significantly adding to Yas Island’s residential offering,” Aldar CEO Mohammed Khalifa Al Mubarak said.

“Its stunning location adjacent to the Yas Links Golf Course on the Arabian Gulf sea, along with its contemporary and luxurious design, make it the ultimate destination for buyers from across the region,” he added.

For its part, Abu Dhabi Municipality has launched one of the largest real estate projects of recent years on the mainland of the emirate. Shakhbout City is said to accommodate more than 80,000 inhabitants. This area, formerly known as Khalifa City B, will be located 30 kilometers away from the central business district of the UAE capital and will boast one of the most developed infrastructure networks in the capital. It will have such community facilities like parks, hospitals, educational institutions, entertainment and shopping centers.

Shakhbout City is also strategically important because it has to provide the entire infrastructure for the neighboring Zayed City residents, like attractive employment and leisure opportunities within a short commute.

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