For Immediate Release
20 July 2009
Aldar Properties appoints contractors to build 5,000 villas at
Abu Dhabi – 20 July 2009 - Aldar Properties PJSC, Abu Dhabi’s leading property
development, management and Investment Company, today announced the signing
of contracts with three contractors, focused on delivering 5,000 villas at Al Falah.
Al Falah is a master planned community for UAE nationals as part of the Plan Abu
Dhabi 2030 directive. The development was launched earlier this year at the
Cityscape Abu Dhabi exhibition and will provide 5,000 homes for UAE families, as
part of the Abu Dhabi Government’s housing initiative.
The Al Falah plan comprises five villages, each with its own village centre, schools,
and mosques. Located to the east of Abu Dhabi International Airport and the Abu
Dhabi-Dubai highway, Al Falah has been designed as a practical and sustainable
community within a development area of approximately 12 million square metres.
Moving away from the traditional “grid” approach for developments, Al Falah’s
innovative design encourages community gathering with a number of open parks that
connect the residential, commercial and leisure elements.
Progress demonstrated by the signing of these three contracts is indicative of how
important this project will be to the development of sustainable communities in Abu
Contracts have been inked with Al Jaber Building LLC Abu Dhabi, El Seif
Engineering Contracting Abu Dhabi and Malaysian firm Pembinaan SPK BHD And it
is anticipated that completion will begin by Q3 2012.
Ahmed Ali Al Sayegh, Chairman of Aldar Properties commented, “This is an
important step in the development of the Al Falah project. Increasing housing
availability for UAE families is one of many ways through which Aldar is living up to
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its mission of building sustainable communities to cater to the growth needs of the
Emirate of Abu Dhabi.
Al Falah is a residential develop