ALDAR Properties PJSC, Abu Dhabi's first and leading property developer, has awarded the 1st major building contract for its AED 54 billion (approx. €10 bln) waterfront project, Al Raha Beach, to the ALDAR/Laing O'Rourke. The contract will see ALDAR/Laing O'Rourke develop the Al Bandar neighbourhood in the massive Al Raha Beach project.
Al Bandar has been designed by architects Broadway Malyan of the United Kingdom and will be the first mixed use neighbourhood development in Al Raha Beach, presenting retail, leisure and marine facilities on completion.
The precinct will be accessible by bridge from the mainland with the vibrant new neighbourhood of luxury apartments set within two distinct settings. The first section will comprise of plush glass duplexes and chic 'New York loft' apartments overlooking the marine piazza. The unique marine piazza will provide numerous moorings for a large variety of yachts, complimented by a promenade that will link the water taxi terminal and the entrance of the development.
The second component will be a gated community of family orientated apartments in a garden setting with leisure and retail amenities. The apartments have been designed with large terrace balconies providing spectacular views of the Arabian Gulf and the YAS Island Ferrari theme park.
"Our first contract award of this major development is a clear demonstration of ALDAR's commitment to our successful procurement approach. This is where we establish integrated teams who can work closely together to procure every essential element of our developments," said Al Raha Beach Development Director, Michael Cox.
"We are delighted that ALDAR/Laing O'Rourke has been awarded the contract to construct Al Bandar, as this is an exceptional part of this major development. ALDAR is shaping Abu Dhabi and I feel we are a major part of this change after the award of a major contract for a project on Al Raha Beach," commented ALDAR/Laing O'Rourke Managing Director, Christopher Wilkinson.
Source: Property World Middle East