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The Abu Dhabi government has today concluded a number of agreements with Aldar Properties PJSC for the purchase and transfer of strategic assets in Al Raha Beach and the Central Market development.
Al Raha based assets acquired in ’Al Bandar’, ’Al Zeina’ and ’Al Muneera’ developments will form part of the Government of Abu Dhabi’s public housing initiative. These assets will therefore serve to provide the government with diversified accommodation options for UAE nationals, helping to satisfy the strategic planning demands of a growing population.
The agreements reflect the directives of the Abu Dhabi Executive Council during its last Executive Committee meeting which identified the need for new mechanisms to enhance public housing programmes for nationals.
The package of agreements will contribute to the emirate’s overall urban and economic stability and growth. As such the deal is borne out of the Government of Abu Dhabi’s prioritization of its social welfare agenda.
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