Aldar says it has made 'steady progress' on company projects
Aldar Properties (Aldar) has announced steady progress across all its real estate projects, with Yas Island’s Ansam and Al Raha Beach’s Al Hadeel moving closer towards completion and handover in 2017. The façade glazing at Al Hadeel is entering its final stages with internal fixtures and fit-out progressing accordingly. Ansam is also reported to be close to completing its façade glazing, with MEP installations progressing as scheduled. The main contract package for Mayan is expected to be awarded in 2Q17, while enabling works have commenced at Yas Acres, with the main contract award expected before the end of June. In addition, work is continuing on the expansion of Al Jimi Mall and is expected to be completed by the end of 1Q18. (Arabian Business) Aldar Properties (AD): AED2.64 as of 17 January 2017, Rating: Buy, TP: AED3.37 per share, MCap: USD5,656mn, ALDAR UH / ALDR.AD
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