Construction of Aldar Properties’ first mid-market development – Shams Meera on Reem Island – is on track to complete in 2018.
Activity on site is progressing according to construction plans, the developer said in a statement to release a new time-lapse video showing progress on the project.
Current construction activity is focusing on steel reinforcements and foundation work, as well as columns and walls for the basement levels.
Launched in June 2015, and with over 90% of the units sold, Shams Meera is attracting many new customers not only as investors, but also those wishing to live in affordable units in close proximity to Abu Dhabis central business district.
Commenting, Talal Al Dhiyebi, Chief Development Officer, Aldar Properties, said: The launch of Shams Meera is an important milestone, as it will be Aldars first mid-market development, providing the right world-class product at the right price. We are making good progress on this development, which will add value to Shams Abu Dhabi at Al Reem Island.
Mid-market and affordable homes represent a significant opportunity for the Emirate, and Shams Meera is showing us that we can succeed in this space.