Abu Dhabi-based property development company Aldar Properties is awarding a AED500-mn contract for Mayan, a luxury residential development located on Yas Island, to the Middle East’s leading construction and development company Ghantoot General Construction, Invest-Gate reports.

According to a statement, the contract will help deliver the construction of five, 11-storey buildings comprising 512 units, 19 of which are luxury beach villas overlooking the Yas shoreline. Mayan offers studios, one-, two-, three- and four-bedroom apartments, as well as a number of golf course homes and beach-front villas.

“As a community of luxury residences in one of the most exciting locations in Abu Dhabi, Mayan caters to the high demand for Yas Island,” says Aldar’s Chief Development Officer Talal Al-Dhiyebi.

“Mayan offers a world-class living experience that will add to the available amenities in the surrounding area. Since we launched Mayan last year, we have seen strong interest and we expect this to continue.”