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Aldar Properties, the Abu Dhabi based real estate developer announced the launch of Yas Acres, a Dh6-billion residential and leisure project on Monday.
The golf and waterfront development will add 1,315 villas to Yas Island and will be home to 15,000 residents once it is completed in the fourth quarter of 2019, Aldar announced at a press conference in Abu Dhabi.
This is the largest project for the Abu Dhabi based developer.
Available for purchase by all nationalities, it will have two to six bedroom villas and townhouses.
The company reported Dh2.56 billion in net profit for 2015, marking a 13 per cent increase over the Dh2.27 billion reported in 2014.
Source: Staff Report, gulfnews.com