Aldar Launches Dh9.4b Housing Project

ABU DHABI - Aldar Properties PJSC, Abu Dhabi’s leading property development, management and Investment Company, on Sunday announced the launch of Dh9.4 billion project to provide around 5,000 homes for middle-income UAE families free of cost.



Christened as Al Falah the master planned community project has been launched as part of the Plan Abu Dhabi 2030 directive.

“The government will provide the funds for the project and we will be developer,” Ahmed Ali Al Sayegh, Chairman of Aldar Properties, told reporters on the sidelines of Cityscape Abu Dhabi.

This housing initiative of the Abu Dhabi Government will comprise of five villages, each with its own village centre, schools, and mosques. The town centre will be the focal point of the entire development and will contain civic buildings, a 65,000 square metre retail mall, a hospital, 50,000 square metres of commercial office space, a hotel and a sports and leisure complex.

Residents will have excellent access to education, with 15 schools catering for children of all ages from early learning to high school.

Located to the east of Abu Dhabi International Airport and the Abu Dhabi-Dubai highway, Al Falah has been designed as a practical and sustainable community within a development area of approximately 12 million square metres.

Moving away from the traditional “grid” approach for developments, Al Falah’s innovative design encourages community gathering with a number of open parks that connect the residential, commercial and leisure elements, Ahmed Ali Al Sayeghsaid.

· ramavarman@khaleejtimes.ae


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