Aldar Properties has awarded the AED 258mn ($70mn) main contractor package to Fibrex LLC for its mid-market Shams Meera residential development.
Work will begin immediately on two 25-storey towers overlooking a landscaped park in Shams Abu Dhabi on Reem Island.
Consisting of 400 apartments, the buildings will share an underground basement car park, a garden area, swimming pools and a childrens play area.
H.E Mohamed Khalifa Al Mubarak, Chief Executive Officer at Aldar Properties, said: From day one the response to Shams Meera has been really encouraging, showing us that there is significant demand for high quality mid-market homes in Abu Dhabis prime destinations.
Shams Meera, located adjacent to Abu Dhabis thriving CBD will offer an enriched community living experience, and we look forward to the developments completion and the positive impact it will have on Shams Abu Dhabi and surrounding area.
Launched in June 2015, Shams Meera benefits from a convenient central location, just a short walking distance away from the planned Shams Park, the Shams Marina and the East Shams public beach amenities, and in close proximity to The Gate & Arc Towers, and Sun and Sky Towers.