Abu Dhabi Crown Prince launches Dh8bn housing project near Yas Island.
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has introduced Balghaiylam
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan Unveils a New Residential Project on Yas Island
a fresh housing development situated in the northeastern part of Yas Island , Aldar Properties, in collaboration with the Abu Dhabi Housing Authority (ADHA), is spearheading the Dh8 billion initiative as part of the Abu Dhabi Government's commitment to establishing comprehensive and sustainable residential communities that will further enhance familial stability and community well-being in the emirate.
An Array of Amenities and High-Quality Homes Await Residents in the Balghaiylam Project
The project, set to be finalized by 2026, will provide 1,743 impeccably constructed residences and access to a wide range of amenities within a thriving community , During the unveiling event, Sheikh Khaled meticulously examined the project's design elements. Aside from superior housing, the Balghaiylam residential development encompasses educational institutions, mosques, retail and dining establishments, sports centers, community gardens, playgrounds and parks, as well as an equestrian center, ensuring citizens have access to top-notch facilities within an integrated and vibrant community.
Distinguished Leaders Join Sheikh Khaled in Launching the Balghaiylam Residential Project
Sheikh Khaled was joined by prominent figures such as Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism and Chairman of Aldar Properties; Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport and Chairman of Abu Dhabi Housing Authority; Saif Saeed Ghobash, Secretary-General of Abu Dhabi Executive Council; Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority; and Talal Al Dhiyebi, Group CEO of Aldar Properties during the inauguration ceremony.
Abu Dhabi Government Continues to Foster Public-Private Partnerships in Housing Development
The Balghaiylam project aligns with the Abu Dhabi Government's strategy of leveraging public-private collaborations to offer Emiratis suitable housing options within real estate developments undertaken by approved developers. Pre-approved citizens, granted eligibility by ADHA, will be able to utilize their loans to acquire three to six-bedroom villas featuring diverse architectural designs and interior layouts that cater to their preferences and financial circumstances , ADHA will provide Aldar with a list of eligible citizens who will then have the opportunity to review the available villas and subsequently finalize their purchase through the designated process.