Aldar launches three residential projects in Abu Dhabi

April 23, 2014 12:39 pm

Abu Dhabi’s Aldar Properties has announced the launch of three residential developments valued at around Dhs5bn in the prime areas of the UAE capital, Gulf News has reported. Off-plan sales for the three developments will commence in May, Aldar said, with construction scheduled to begin in 2015. Some of the developments will be located in investment zones where property can be purchased by non-UAE nationals. The firm will utilise its own funds to finance the three projects, said chairman of Aldar Properties, Abubaker Seddiqi Al Khoury. “We have plenty of liquidity in the company, and the projects will be self-financed.”