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Aldar Properties hands over Al Bandar units

By Ben Roberts  www.constructionweekonline.com

Aldar Properties has begun handing over units of Al Bandar, the first residential community in the Al Raha beach complex, to home-buyers, according to the company.

Abu Dhabi’s largest developer delivered the keys for the three districts that comprise the complex – Al Naseem, Al Bazra and Al Manara.

The project was completed in May 2010, and will be home to modern apartments and duplexes, loft-style residences and larger family apartments, all with balconies and waterside views. The company adds that its facilities management team is to offer top level customer, concierge and security services.

“The design of Al Bandar, set on an island, is such that the spectacular sea views will not be obstructed by any future development in the area, providing true waterfront living for those who look to call it their home,” said Sami Asad, chief operating officer.

Al Bandar will feature 35,000m2 of retail space, along with two cafes and two casual dining restaurants, a Hutspot Juice Bar and Pacifico, and a waterfront restaurant set on the tip of the marina. Laing O’Rourke is the main contractor.

Al Bandar Marina has a total of 131 berths ranging in sizes from nine to 24 metres. Aldar Marinas will introduce family days and open days on the sheltered waters of Abu Dhabi’s extensive inland waterways. In time, Al Bandar Marina will open to boat owners from the wider Abu Dhabi community.

Last month Aldar Properties confirmed 14 retail tenants for its Al Raha Gardens Village. The kiosks will be maintained by Al Raha International Integrated Facilities Management Co. Tenants in the shopping centre include Boots The Chemist, Claire’s Accessories and Grand Optics.

The company’s share price has rebounded from a low of AED2.05 on 12th August to close at AED2.4 last Thursday. The stock has lost 47% in value since the beginning of the second quarter.

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