The AED1.3 billion (USD353.9 million) contract follows the award of the early works package to Dutch Foundation, who, during February this year, commenced work on site.
Located on Yas Island's Eastern shores, Water's Edge comprises studios, one-, two-, and three-bedroom apartments.
It offers home owners pedestrian access to all amenities including a waterfront promenade with multiple dining and retail options.
It also features private courtyards with landscaped areas, pools, multipurpose courts and a mosque.
The development lies adjacent to the upcoming Sea World theme park, and is a five-minute walk from Yas Mall, Ferrari World and Yas Marina Circuit.
