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Aldar has awarded its main contract for Mayan, a luxury residential development located on Yas Island, to Ghantoot Group, which said to be one of the leading construction companies in the region.

The contracts, totaling AED500 million (USD135.9 million), will cover the construction of five, eleven-storey buildings comprising of 512 units, 19 of which will be luxury beach villas overlooking the island’s shoreline.

 

Commenting on how the planned development follows high demand, Talal Al Dhiyebi, chief development officer, Aldar, noted, "[…] Mayan offers a world-class living experience that will add to the available amenities in the surrounding area. Since we launched [the residential development] last year, we have seen strong interest and we expect this to continue."