AED 1.8 billion Sustainable City to be built in Abu Dhabi

Tuesday, 18 January 2022 16:05

By ARN News Staff

Abu Dhabi's Yas lsland will soon be home to a Sustainable City project worth AED 1.8 billion.

It will feature 864 residential units and 3,000 sqm of retail space that will be powered by renewable energy.

Aldar Properties has announced an agreement with Diamond Developers, the mastermind behind the Sustainable City brand, to form a joint venture (JV) for the development of the new community in the UAE capital.

The overall project will span an area of 397,000 sqm in Yas North and will be developed to align with the UAE’s net-zero goals.

The masterplan features green, energy-efficient designs with a people-centric philosophy with car-free residential clusters, recycling facilities and indoor vertical farming.

In addition to residential and retail elements, the development will showcase an equestrian centre, a mosque, cycling and jogging tracks, and spacious landscaped areas.

Construction of the project is scheduled to commence in Q4 2022, with a 30-month completion target.

Jonathan Emery, CEO of Aldar Development, told ARN News how different it is going to be from the Sustainable City in Dubai.

Faris Saeed, Chairman of Diamond Developers, said, "As we work together towards building a more sustainable and prosperous future for the UAE, we pave the way to the evolution of a more sustainable infrastructure and a clear pathway to achieving net-zero."

More from Business

Disney settles suit over women's pay for $43 million

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.
Etihad Airways adds ten new destinations for 2025

UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.
Trump pledges new tariffs on Canada, Mexico, China

US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.
UAE and Bahrain finalise ICV programmes procedures

The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.