Abu Dhabi-based real estate developer Aldar Properties has appointed Trojan General Contracting as the main contractor for the first three precincts of its Yas Acres flagship development on Yas Island, Gulf News reports. The total value of the contract is AED 1.7 bn for a period of 32 months.
Trojan General Contracting will mobilize on site immediately as it works on all infrastructure, 652 villas and townhouses, the golf course, a golf club house, a mosque, retail and community clubs, Aldar says in a statement.
Aldar is planning to hand over the first homes in Yas Acres to purchasers at the end of 2019. The development comprises a total of 1,315 homes, a golf course, schools, retail, and other leisure amenities.
Yas Acres is expected to be a home to 15,000 residents once the project is completed in 4Q of 2019.