Yas Bay to enhance Yas Islands appeal
Miral has revealed a series of development updates at Yas Bay, which is Yas Island’s upcoming vibrant waterfront community to live, work and play. Once complete, Yas Bay will be home to Abu Dhabi’s newest unique experiences, transforming the southern end of Yas Island. Yas Bay’s construction updates include the completion of concrete works on the first hotel, operated by Hilton, and road infrastructure and landscaping of the public realm, parks and promenade. When complete, the development will encompass Yas Bay Arena, The Residences and a promenade and pier with 37 cafés and restaurants, 19 retail outlets, beach club and two hotels. It will also be the new hub for Abu Dhabi Media Zone, twofour54.
“As construction of Yas Bay progresses, we get closer to seeing what promises to be Abu Dhabi’s most vivid and energetic community come to life on Yas Island,” said Miral CEO, Mohamed Abdalla Al Zaabi. “These milestones will prove attractive to investors who can now join Miral on its journey as we deliver the ultimate waterfront experience.”
Yas Bay provides a variety of investment opportunities, including ready-for-development land plots comprising residential, retail and school usage. “We have already started conversations with potential partners, and look forward to working closely with investors who are eager to contribute to the unique experiences we’re creating within Yas Bay,” he added.
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Across the development, select projects have made significant strides as they near completion. In March, Yas Bay Arena marked a major construction milestone with the installation of the largest roof truss. When finished, Abu Dhabi’s first-of-its-kind, multi-purpose indoor arena will enhance the UAE’s live entertainment industry and the capital’s nightlife scene with large-scale business and private events.
Yas island’s development project was initiated in 2006 by Abu Dhabi-based Aldar Properties, with the aim of turning the island into a multi-purpose leisure, shopping and entertainment center at an estimated total cost of over billion.[clarification needed] This investment was planned as a multi-staged project to unfold in phases until 2018, with project stakeholders foreseeing the possibility of extending development by adding new venues and upgrading existing facilities.[2]
It occupies a total land area of 25 km2, of which 70% will be claimed for development. Yas Island holds the Yas Marina Circuit, which has hosted the Formula One Etihad Airways Abu Dhabi Grand Prix since 2009.
Both business and leisure travelers visit Yas Island. Yas Island was named the world's leading tourism project at the World Travel Awards in November 2009.
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