Page 54 - Magazine August 2023

Sheikh Khaled launches
Balghaiylam residential project
Aldar Properties in partnership with the Abu Dhabi family stability and community wellbeing in the emirate.
Housing Authority (ADHA) is developing the AED8 The project, which is scheduled to be completed by
billion project.
2026, will offer 1,743 high-quality ready-built homes
H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, and access to a broad range of facilities in a vibrant
Crown Prince of Abu Dhabi and Chairman of Abu community. The project will further enhance the
Dhabi Executive Council, has launched Balghaiylam, stability and wellbeing of citizens, and reflects the
a new residential development located north-east of ongoing economic and cultural growth taking place in
Yas Island. Abu Dhabi emirate across all fields.
Aldar Properties in partnership with the Abu Dhabi During the launch, His Highness reviewed the design
Housing Authority (ADHA) is developing the AED8 features of the project. In addition to high-quality
billion project as part of Abu Dhabi Government’s housing, the Balghaiylam residential project includes
efforts to develop integrated and sustainable schools, mosques, retail and F&B outlets, sports
residential neighbourhoods that will further enhance centres, community gardens, playgrounds and parks,
8 LOCAL NEWS
and an equestrian centre, providing citizens with to review the available villas, and then complete the
access to high-quality amenities in an integrated and purchase process.
dynamic community. Mohammed Ali Al Shorafa said, “Providing citizens
His Highness was accompanied by Mohamed with a good quality of life and meeting their housing
Khalifa Al Mubarak, Chairman of the Department needs is a top priority for Abu Dhabi’s leadership.
of Culture and Tourism and Chairman of Aldar To ensure more housing benefits and options that
Properties; Mohammed Ali Al Shorafa, Chairman of meet Emirati families’ needs and aspirations, Abu
the Department of Municipalities and Transport and Dhabi Housing Authority is launching new housing
Chairman of Abu Dhabi Housing Authority; Saif Saeed projects in partnership with the private sector. This
Ghobash, Secretary-General of Abu Dhabi Executive partnership with Aldar aims to provide an array of
Council; Hamad Hareb Al Muhairi, Director-General villas for citizens to increase home ownership among
of Abu Dhabi Housing Authority; and Talal Al Dhiyebi, Emiratis and reduce delays in obtaining adequate
Group CEO of Aldar Properties. housing.
The project is in line with Abu Dhabi Government’s Mohamed Khalifa Al Mubarak said, “As a strategic
plan to leverage public-private partnerships and partner of Abu Dhabi Government, we are committed
provide Emiratis with suitable housing within real to leveraging our extensive expertise and industry
estate projects developed by approved developers. knowledge to build sustainable and integrated
Citizens who have been pre-approved by ADHA can communities where UAE nationals want to live. Our
use their loan to purchase three to six-bedrooms aim is to contribute to the success of this ambitious
villas with a range of architectural designs and interior plan by meeting the needs of citizens, providing
layouts, according to their needs and finances. stability for their families, and ultimately fostering
ADHA will provide Aldar with a list of eligible citizens happy and healthy communities.”
Contractors News 9