Abu Dhabi's Al Bateen Park Development Announced Today

---

Abu Dhabi-based Aldar Properties PJSC announced the launch of the Al Bateen Park development in the heart of Abu Dhabi.

Located on Khaleej al Arabi Street, the development is comprised of 272 apartments and 75 villas and townhouses. All the 272 apartments, ranging between two to four bedrooms in size, have been sold. The 75 villas and townhouses, with between four and five bedrooms each, are set to be put on the market for sale at a later date.

These villas and townhouses will be fitted to high specifications and are likely to be attractive to growing families seeking a home in the heart of Abu Dhabi. The development will have an Arabesque design and include all relevant amenities including a gym and retail stores.

Aldar Properties PJSC is expected to lead the construction program generating a number of new jobs for the real estate industry. A date of August 2012 has been set as the anticipated deadline for the completion of the development and handover of keys to new owners.

Mohammed al Mubarak, the Chief Commercial Officer of Aldar Properties, says "We are delighted to be announcing this launch and pre-sale today.  This is going to be a great place to live that signals just how strong the underlying market for residential developments is in the heart of Abu Dhabi. We look forward to talking to potential customers about the villas and townhouses which we expect to be hugely popular as well."

Aldar Properties PJSC is one of Abu Dhabi's largest property development, management and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support the region's infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities.

Aldar's diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Al Falah, Nareel Island, and Noor Al Ain. The company owns over 50 million square meters of land in strategic locations throughout the Emirate.

---