Aldar Properties completes project

17 November 2011: Abu Dhabi’s largest real estate developer Aldar Properties’ chief executive officer has said that 1,220 units have been completed this year at the Al Raha Beach development and another 800 units will be completed by the end of this month. A total of 116 showrooms have been completed in Motor City and tenants are moving in soon. Currently, Aldar is working on the Yas Mall on Yas Island and that work will be completed in 2013. The Yas Island water park project is due for completion in 2012. In January, the developer, agreed to sell real estate assets including a Ferrari theme park and convertible bonds to the government for Dh19.2 billion to reduce its debt.

Source: Zawya