Aldar Properties on Monday launched three major new residential developments in prime areas of Abu Dhabi, including in investment zones where property can be purchased by non-UAE nationals.
The developer said it is planning to build a further 2,000 homes in the UAE capital with the West Yas, Mayan and Meera projects.
Mohammad Al Mubarak, CEO at Aldar, said: “Our three new developments, West Yas, Mayan and Meera, will enrich Yas Island and Shams Abu Dhabi with high quality homes to meet demand across all segments of the market.
“The next wave of our development plan is well underway and we are delighted to be able to offer a further 2,000 homes to the growing Abu Dhabi market.
“This exciting pipeline of real estate developments is further testament to our ability to deliver on our strategy of monetising our land bank, growing our recurring revenues and delivering value for all of our shareholders.”
Talal Al Dhiyebi, chief development officer of Aldar, added: “Abu Dhabi continues to see strong demand for high quality residential product built with the infrastructure and amenities that have come to signify community living.”
West Yas will offer over 1,000 premium villas on Yas Island for exclusive purchase by Emiratis.
The Mayan beachfront development is also located on Yas Island and offers a mix of over 700 studios, one, two, three and four bedroom apartments, as well as townhouses, villas and penthouses.
Meera at Shams Abu Dhabi will offer over 400 family homes, Aldar added.