Developer set to deliver 5,000 Abu Dhabi homes

02/09/2011 - Northern Emirates Property & Investment News Posted by Neil King
Developer set to deliver 5,000 Abu Dhabi homes

Property investors with an interest in the UAE market could be among those encouraged by the impending delivery of almost 5,000 new homes in Abu Dhabi.Aldar Properties, the emirate's largest developer, is to deliver the properties as the completion of one of the region's biggest housing developments draws ever closer.A total of 4,857 new villas in the Al Falah area will be given to Emirati families for free in a move that is hoped to lead to the development of a further 13,000 properties, The national reported.Jabar Al Suwaidi, the chairman of the allocation committee, told the Wam news agency that the first phase of the project will be completed by the beginning of 2012 year and full completion is expected by the end of the year.Located just east of Abu Dhabi International Airport, the Al Falah development is spread over a plot with a total area of 12.5 million square metres.