Aldar Properties said on Monday it will add new villas to its Yas Island development with a project valued at AED6 billion (USD1.63 billion), the builder's largest single project to date. Yas Acres will consist of 1,315 villas ranging from between two and six bedrooms, with access to the golf course and clubhouse, parks, schools and a waterfront, according to a company statement. The project will add to Aldar's Yas Island development, where the emirate's Formula 1 race track is built and which will house 15,000 residents when the Yas Acres project is completed. Project completion is scheduled for end of 2019, according to Aldar's chairman Abubaker Seddiq al-Khoori. A three-bedroom townhouse in Yas Acres will start at AED2.9 million. Al-Khoori added that the funding for the Yas Acres project will be a combination of equity and debt. (Reuters)