Aldar awards $354m contract for key waterfront project

03/04/2018 05:49 AST

?Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for Water's Edge, its latest waterfront development on Yas Island.

The Dh1.3-billion ($354 million) contract follows the award of the early works package to Dutch Foundation, who commenced work on site in February this year, said a statement from Aldar.

Located on Yas Island's Eastern shores, Water's Edge comprises studios, one-, two-, three-bedroom apartments. It offers home owners the complete outdoor lifestyle with pedestrian access to all amenities including a waterfront promenade with multiple dining and retail options.

It also features private courtyards with spacious landscaped areas, pools, multipurpose courts and a mosque, stated the Abu Dhabi developer.

Residents will benefit from the abundant attractions that make Yas Island the most exciting destination in Abu Dhabi. The development lies adjacent to the upcoming Sea World theme park, and a five-minute walk from Yas Mall, Ferrari World and the Yas Marina Circuit, it added.


Trade Arabia

News

Aldar launches 351-unit villa community development at Saadiyat Island

18/09/2026

Leading UAE developer Aldar has announced the launch of Talay, an exclusive collection of 351 standalone villas marking the first residential community at Marsa Al Saadiyat.

Unveiling the p

Trade Arabia

Aldar unveils first residential community at $1.6bn Yas Island project

24/07/2026

Leading UAE developer Aldar has announced the launch of The Canopies, the first residential community at Yas Point, a AED6 billion ($1.6 billion) waterfront destination to be developed on Yas Island'

Trade Arabia

Aldar in deal to develop Nabdh community hub model park on Yas Island

29/06/2026

Leading Abu Dhabi property developer Aldar has joined hands with Abu Dhabi's Department of Community Development (DCD) to develop Yas Community Park on Yas Island, a new public space that will includ

Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

ALDAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
EMAAR 11.66 0.04 (0.34%)
EMAARDEV 13.34 0.04 (0.30%)
ERES 0.82 0.01 (1.23%)
TECOM 3.37 0.00 (0.00%)
MABANEE 935.00 -1.00 (-0.11%)

Recent News

Alba launches new Code of Conduct to bolster integrity, accountability

25/09/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, today (September 23) marked the launch of its enhanced Code of Conduct during a ceremony attended by Shaikh Isa bin Khalid

Trade Arabia

Estithmar Holding Q.P.S.C Announces Elegancia C&I Awarded Contract

25/09/2026

Estithmar Holding Q.P.S.C. announced that Elegancia Contracting and Industries, part of Estithmar Holding, has been awarded the turnkey delivery of MEEZA's newest data center. The contract, valued at

Gulf Times

RSG, Dr Sulaiman Al Habib Medical Group open The Red Sea Hospital

25/09/2026

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, today inaugurated The Red Sea Hospital in strategic partnership with Dr Sulaiman Al Habib Medical

Trade Arabia

BAAN breaks ground on 2,600-sq-m family entertainment facility in Jeddah

25/09/2026

BAAN Holding Group, one of Saudi Arabia's leading hospitality companies, has announced that it has broken ground on Playocity, a key family entertainment facility, being developed in partnership with

Trade Arabia

GAS Arabian gets go-ahead for transfer of 50pc stake in FS Elliott JV

25/09/2026

GAS Arabian Services Company had announced that it has received the go-ahead from the company's board of directors for the transfer of its entire 50% stake in joint venture FS Elliott Services Saudi

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap