Developer reveals details of investment opportunities for residential, retail, and school usage
Miral has recently announced a series of development updates at Yas Island’s upcoming waterfront community, Yas Bay.
Construction updates include the completion of concrete work on the Hilton-operated hotel, and road infrastructure and landscaping of the public realm, parks and promenade.
Once completed, Yas Bay will be home to Abu Dhabi’s newest unique experiences, while transforming the southern end of Yas Island to a vibrant neighbourhood to live, work and play, according to Miral.
“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’s CEO, Eng. 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,” he stated during his visit to the ongoing project.
Yas Bay consists of Yas Bay Arena which recently celebrated the installation of the roof truss, The Residences which can accommodate up to 15,000 residents, and a promenade and pier with 37 F&B outlets, 19 retail outlets, a beach club, and two hotels. The waterfront community will also be home to Abu Dhabi Media Zone, twofour54.
Yas Bay provides a variety of investment opportunities, including ready-for-development land plots comprising residential, retail, and school usage, the company said in the statement.
“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,” Al Zaabi added.
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, the developer added.