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Aldar Properties has appointed Construction Group Contracting House as the main contractor and early works package provider for an AED745 million (USD203 million) contract at The Bridges, its mid-market residential development on Reem Island.

Aiming to further expand its growing portfolio in Abu Dhabi, Aldar Properties has recently unveiled plans to launch Water's Edge, a new waterfront development on Yas Island.

In the first half of the year (H1), Aldar Properties recorded a five percent year-on-year jump in gross profit to AED1.29 billion (USD351 million).