Aldar to launch ‘major development’ on Yas Island

28/03/2016 06:00 AST

Aldar Properties, the Abu Dhabi-based real estate developer, said it plans to launch a “major development” on Yas Island where the company already has various residential, hospitality, and retail developments.

The development will be launched during this year’s edition of Cityscape, which will take place in Abu Dhabi from April 12-14.

When contacted by Gulf News, Aldar declined to disclose any details on the new project, saying it will announce updates shortly before Cityscape kicks off.

In a statement issued by the organisers of Cityscape, Talal Al Dhiyebi, chief development officer at Aldar, said that the event serves as a prominent platform for Aldar to engage with property investors from local, regional, and international markets.

Also among the exhibitors at the 10th edition of Cityscape are Reem Investments, and the Tourism Development and Investment Company (TDIC), which will showcase its developments on Saadiyat Island.

Meanwhile, Saeed Al Yabhouni, vice president of Strategic Development at Reem Investments, said the company is progressing with the development of its master planned communities, Najmat and Rawdhat, to contribute to Abu Dhabi’s real estate market.


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