Aldar awards US$8.2 million Yas Island contract

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Aldar awards US$8.2 million Yas Island contract

Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has awarded the early works contract for the first phase of Mayan, a luxury residential development located on Yas Island, to Dutch Foundation & Concrete Rehabilitation Company WLL.

The AED 30 million contract provides for shoring, piling and earthworks for Mayan’s 512 luxury apartments which are spread across five buildings. The Abu Dhabi-based full-service engineering foundation company, Dutch Foundation & Concrete Rehabilitation Company WLL, has been appointed to carry out the work over a five month period with commencement effective immediately.

Talal Al Dhiyebi, Chief Development Officer at Aldar, commented: “The enthusiasm for Mayan since its launch last year has been extremely encouraging. We have witnessed strong demand for luxury residences in prime locations, and Mayan caters to this demand with high quality homes in Abu Dhabi’s most exciting destination, Yas Island which is home to a number of world class amenities and attractions.”

Situated on Yas Island, Mayan offers studios, one, two, three and four-bedroom apartments, as well as a select number of golf course homes and beach-front villas. In addition to serene views of Yas Island’s blue waters and natural mangroves, and the lush green fairways of Yas Links golf course, Mayan residents will benefit from the community’s multiple swimming pools, children play areas, gymnasiums and retail outlets. Mayan is also minutes away from Yas Island’s renowned leisure and entertainment destinations, including Yas Mall, Yas Marina, Yas Marina Circuit, Ferrari World Abu Dhabi, and Yas Waterworld, as well as the dining and entertainment options at Yas Plaza hotels.

Source: www.aldar.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.