Abu Dhabi’s Department of Municipalities and Transport has partnered with Aldar to deliver 9,000 rental homes across two major communities in Mohamed bin Zayed City and Baniyas.
The AED 2.8 billion (USD 762 million) developments form part of the emirate’s Value Housing Programme, aimed at expanding access to quality, affordable accommodation as Abu Dhabi’s population continues to grow.
Aldar will develop, lease, and manage both communities, adding the projects to its develop-to-hold pipeline, now valued at AED 20.1 billion.
The Baniyas scheme will include more than 30 residential buildings alongside retail, green space, and leisure amenities. In MBZ City, a mixed-use community will combine apartments, single-occupancy units, and daily-needs retail.
Both projects are scheduled for completion in 2029 and will offer strong transport links and road access.
The move reflects Abu Dhabi’s broader strategy to match economic expansion with livability, affordability, and long-term urban planning.
Gulf Economist Staff Writer