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Sun 27 Oct 2019 04:07 PM

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Abu Dhabi's AED 12bn waterfront destination Yas Bay completes major milestones

Yas Bay will encompass the 18,000 seat Yas Bay Arena, Residences at Yas Bay, a boardwalk and pier with 37 cafes and restaurants, 19 retail outlets, beach club, and two hotels

Abu Dhabi's AED 12bn waterfront destination Yas Bay completes major milestones

Miral’s AED 4 billion investment into the AED 12 billion project, includes developing the public realm and infrastructure of Yas Bay, the Hilton hotel and Yas Bay Arena.

Miral, Abu Dhabi’s creator of destinations announced major progress in the development of Yas Bay, a new and iconic waterfront destination on Yas Island.

Miral’s AED 4 billion investment into the AED 12 billion project, includes developing the public realm and infrastructure of Yas Bay, the Hilton hotel and Yas Bay Arena. The 14 million square feet development is comprised of three distinct areas: The Waterfront, Residences at Yas Bay, and twofour54.

Mohamed Abdalla Al Zaabi, CEO of Miral: “Our latest construction update highlights the significant progress we have achieved on our pioneering Yas Bay project. The mixed-use development will be a vibrant and iconic addition to Yas Island and a new, exciting destination for Abu Dhabi. Our investment in Yas Bay contributes to the emirate’s vision to diversify the economy and makes us closer to positioning Yas Island as one of the top global destinations for entertainment, leisure and business.  With key construction milestones being achieved, we look forward to working with investors and partners from across the world to further develop this unique destination that sets a new benchmark for Yas Island and the UAE.”

Yas Bay, once complete, will encompass the 18,000 seat Yas Bay Arena, Residences at Yas Bay – which forecasts 15,000 residents – a boardwalk and pier with 37 cafés and restaurants, 19 retail outlets, beach club, and two hotels, as well as being the new hub for twofour54. In terms of the progress; Yas Bay Arena is 75% complete, while the Hilton hotel and pier are 60% complete and are all scheduled for completion in 2020. As for the public realm and infrastructure of Yas Bay, this will be complete by December 2019.

Yas Bay is set to be an exciting addition to Yas Island’s attractions, enhancing the diverse and unique leisure and entertainment experiences already offered on the island.

To find out more on Yas Island’s new development that will redefine waterfront living, contact invest@yasbay.ae and leasing@yasbay.ae.

For an immersive 360 degree view of Yas Bay, visit www.yasbay.ae/360

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