Abu Dhabi's Aldar Properties said on Monday it will add new villas to its Yas Island development with a project valued at 6 billion dirhams ($1.63 billion).
Yas Acres will consist of 1,315 villas, with the company saying residents will have access to a golf course and club house, parks, schools and a waterfront.
The project will add to Aldar's Yas Island development, where the emirate's Formula 1 race track is built, which on completion will house 15,000 residents, the firm said in a bourse statement.
No details were given in the filing on financing or construction timetable.
Prices for units within Yas Acres, are available for purchase by all nationalities, will start at AED2.9 million ($790,000) for three bedroom town houses. At the centre of Yas Acres, and running the full length of the development along either side of the golf course.
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