Crown Prince Launches Residential Project

‘Balghaiylam’, the project worth Dh 8 billion, will come up near Yas Island

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has launched Balghaiylam, a new residential development located north-east of Yas Island. Aldar Properties in partnership with the Abu Dhabi Housing Authority (ADHA) is developing the Dh8 billion project as part of Abu Dhabi Government's efforts to develop integrated and sustainable residential neighbourhoods that will further enhance family stability and community wellbeing in the emirate. The project, which is scheduled to be completed by 2026, will offer 1,743 high-quality ready-built homes and access to a broad range of facilities in a vibrant community.

During the launch, Sheikh Khaled reviewed the design features of the project. In addition to high-quality housing, the Balghaiylam residential project includes schools, mosques, retail and F&B outlets, sports centres, community gardens, playgrounds and parks, and an equestrian centre, providing citizens with access to high-quality amenities in an integrated and dynamic community. He was accompanied by 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.

The project is in line with Abu Dhabi Government's plan to leverage public-private partnerships and provide the people of the city with suitable housing within real estate projects developed by approved developers. Citizens who have been pre-approved by ADHA can use their loan to purchase three to six-bedrooms villas with a range of architectural designs and interior layouts, according to their needs and finances. ADHA will provide Aldar with a list of eligible citizens to review the available villas, and then complete the purchase process.