Handovers at Ansam and Al Hadeel, which commenced in Q4 2017, are complete. During the quarter, Aldar awarded AED1.3bn in construction contracts in respect to the 2,255 unit Water's Edge development on Yas Island. Commenting in a press statement, Talal Al Dhiyebi, CEO of Aldar Properties, said: "Aldar started 2018 strongly with the announcement of an historic partnership with Emaar to develop the next era of iconic real estate destinations. The initial AED30bn pipeline of projects, including Saadiyat Grove in Abu Dhabi and Emaar Beachfront in Dubai, is just the start of this partnership, which will enhance our country's reputation as a destination of choice for residents and tourists alike.