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Aldar awards 500M dirham main Dubai development contract

Aldar Properties PJSC awarded the main development contract for its Mayan residential project worth 500 million United Arab Emirates dirhams to Ghantoot General Construction.

The contract for the luxury residential development will cover the construction of five 11-story buildings consisting of 512 units.

Mayan, one of Aldar's leading projects, is located in the man-made Yas Island in Abu Dhabi, U.A.E. The development will offer apartments, homes located on a golf course and beachfront villas.

As of March 31, US$1 was equivalent to 3.67 United Arab Emirates dirhams.