Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
uae5 hours ago
Aldar Properties has awarded the main contractor package, worth Dh258 million, to Fibrex for its mid-market Shams Meera residential development in Shams Abu Dhabi on Reem Island.
The contract, which commences with immediate effect, comprises the construction of two 25-storey towers overlooking a landscaped park.
The buildings, consisting of 400 apartments will share an underground basement car park, a garden area, swimming pools and a children's play area. The surrounding neighbourhood includes canal walks, parks, a public beach, community mosques, schools and hospitals, healthcare facilities and retail outlets.
Mohamed Khalifa Al Mubarak, CEO of Aldar Properties, said: "From day one, the response to Shams Meera has been encouraging, showing us that there is significant demand for high-quality mid-market homes in Abu Dhabi's prime destinations. Shams Meera, located adjacent to Abu Dhabi's CBD, will offer a community living experience."
The project was launched in June 2015.
- business@khaleejtimes.com
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