THE FIRST PHASE OF THE FIRST FREEGOLD RESIDENTIAL DEVELOPMENT PROJECT IN ABU-DABI IS COMPLETED
ALDAR Properties, a leading integrated real estate developer in Abu Dhabi, has announced the completion of the first phase of construction of the Al Raha Gardens residential area in the UAE capital. 280 villas that make up the first phase of the project were completely sold at the construction stage and are already partially inhabited. Another important milestone in this project is that 15 million hours were worked out without a single accident.
Villas and townhouses are sold on a freehold basis to UAE citizens. Key collection for new owners began in August 2007; To date, keys to 121 houses have been issued, of which 37 are already populated. The construction of the remaining 1,100 villas, which is due to be completed in 2009, is ongoing. The transfer of houses to residents is scheduled to begin in February 2008.
“Al Raha Gardens is one of the ALDAR Group’s most prestigious housing projects, making it possible for UAE citizens to acquire the first freehold property in the Emirate of Abu Dhabi,” said Ronald Barrot, CEO of ALDAR. “We, as a developer, respect our national heritage ; "There will be two schools and a kindergarten in the residential area under construction, which will provide our customers - UAE citizens with the highest level of amenities."
Commenting on this information, Andrew Broderick, Head of Health and Safety at ALDAR, said: “We have reached these milestones thanks to the joint efforts of everyone involved in the project, from top management to workers at the construction site. At the same time, through training, we constantly raised safety standards at all stages of construction. "
“Certainly, the formation of a culture of protecting health and safety requires considerable time, but our record set during the construction of Al Raha Gardens speaks of the great importance that is attached to these issues in our company. I congratulate our entire team on compliance issues safety and labor protection rules we had no trifles, "he added.
The company has already disbursed and mastered more than 60 billion US dollars during the construction of such facilities as the Central Market, Al Raha Beach, Cocos Island, Noor Al Ain multifunctional complex, Al Gurm resort, as well as the development of Yas Island, including Warner Brothers theme parks. "and" Ferrari ".
