Mubasher TV
Contact Us Advertising   العربية

Aldar Properties to open canal in April

Aldar Properties to open canal in April
Aldar plans to pump investments worth AED 1.9 billion in 2017 (Photo Credit: Company Website)
Aldar
ALDAR
-0.31% 9.57 -0.03

Abu Dhabi – Mubasher: Aldar Properties is set to launch a 2.4-kilometre canal running within its Shams development on Reem Island, according to a statement.

The canal will be crossed by ten bridges, and a total of 35 plots within Shams are positioned adjacent to it.

Aldar is close to completing over 23 kilometres of walkways, 1,550 metres of cycle paths, and 3,650 metres of promenade along the coastal scape.

Launched in June 2015, the company's residential project in the Shams area, Meera, is now more than over 90% sold, with construction ongoing.

The company plans to pump investments worth AED 1.9 billion in 2017.