Aldar Properties (Aldar) has awarded a AED500mn contract to Ghantoot General Construction for the main construction of Mayan, its luxury residential project in Yas Island. The contract will cover the construction of five eleven-floor buildings, that will feature 512 units; The units will comprise mostly studios and one to four-bedroom apartments, as well as nineteen villas.
Aldar Properties (AD): AED2.24 as of 2 Apr. 2017, Rating: Buy, TP: AED3.37/share, MCap: USD4,799mn, ALDAR UH/ALDR.AD