A new residential development valued at USD 2.18 bln, located north-east of Yas Island in Abu Dhabi, is launched by HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.
Aldar Properties in partnership with the Abu Dhabi Housing Authority (ADHA) is developing the project, named Balghaiylam, as part of Abu Dhabi Government’s efforts to develop integrated and sustainable residential neighborhoods that will further enhance family stability and community wellbeing in the emirate, said a statement.
The project, which is scheduled to be completed by 2026, will offer 1,743 high-quality ready-built homes and access to a broad range of facilities.
The project is in line with Abu Dhabi Government’s plan to leverage public-private partnerships and provide Emiratis with suitable housing within real estate projects developed by approved developers.
