An illustration of Aldar's Mayan development on Yas Island. Courtesy Aldar Properties
An illustration of Aldar's Mayan development on Yas Island. Courtesy Aldar Properties

Aldar awards Dh500m contract for Mayan residence on Abu Dhabi’s Yas Island



Aldar Properties has awarded a Dh500 million contract to the private contractor Ghantoot General Construction to build its 512-home Mayan development on Yas Island.

Aldar said Ghantoot would build the five blocks that rise 11 storeys and together comprise 493 apartments and 19 villas.

Aldar announced plans to build the project at Cityscape Abu Dhabi in April 2015; the company began selling homes in November that year. The project mostly consists of studios and one, two, three and four-bedroom apartments around a golf course.

Aldar awarded a Dh30m contract for early stage works at the project in November 2016 to Dutch Foundation & Concrete Rehabilitation.

“Since we launched Mayan last year, we have seen strong interest and we expect this to continue,” said Talal Al Dhiyebi, the chief development officer at Aldar.

Last June Aldar said that it had sold more than 75 per cent of the project off plan.

Property brokers in Abu Dhabi are forecasting that house prices in Abu Dhabi are likely to continue to fall this year as the capital continues to suffer from the fallout from global declines in oil prices.

At the start of the year Core Savills predicted house prices in Abu Dhabi would fall at similar levels to last year, when villa prices dropped by an average of 6 per cent and apartment prices slipped 3 per cent.

Aldar’s share price fell 0.8 per cent on Sunday to close at Dh2.24.

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

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Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan

The top two teams qualify for the World Cup

Classification matches 
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Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
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If you go...

Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.

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Price, base: Dh201,153
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Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

The specs: 2018 Mitsubishi Eclipse Cross

Price, base / as tested: Dh101,140 / Dh113,800


Engine: Turbocharged 1.5-litre four-cylinder


Power: 148hp @ 5,500rpm


Torque: 250Nm @ 2,000rpm


Transmission: Eight-speed CVT


Fuel consumption, combined: 7.0L / 100km

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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2252 – Dh 50
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Torque: 850Nm

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