Firm commits to enriching the diverse experiences available on Yas Island and in Abu Dhabi, as it contributes to the emirate’s wider economic diversification plans
Miral has announced that it has achieved key milestones on its Abu Dhabi waterfront destination, Yas Bay. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Executive Council and Chairman of Abu Dhabi Executive Office, visited the development and was briefed on construction progress and milestones achieved to date, Miral said.
As part of the overall masterplan for Yas Island, Yas Bay will play an important role in the continued growth of the island, with Miral investing $1.1bn into the project’s waterfront, infrastructure and public realm, the statement said.
“Miral has made significant progress across Abu Dhabi’s new iconic development, Yas Bay. The latest milestones underscore our vision for Yas Island to position it as a top global destination for entertainment, leisure and business. We remain committed to enriching our portfolio of unique experiences and immersive attractions across Yas Island, while further contributing to Abu Dhabi and the UAE’s wider tourism growth,” said Miral chairman Mohamed Khalifa Al Mubarak.
The statement noted that Yas Bay encompasses three distinct areas: The Waterfront, The Residences and twofour54, and is set to attract 15,000 future residents and over 10,000 top business professionals.
Commenting on the project’s progress, Al Mubarak said the $326m Hilton Yas Bay Hotel is currently over 93% complete and is due for opening this year. The hotel is taking shape in The Waterfront area, which will also feature other entertainment and nightlife attractions, including a pier with 37 cafés and restaurants, as well as 19 retail outlets.
He added, “Located on the Southern end of Yas Island, Yas Bay will become Abu Dhabi’s premier waterfront destination, with the main focal point featuring The Waterfront, a vibrant leisure and entertainment destination.”
Etihad Arena, which is billed as Abu Dhabi’s first-of-its-kind multi-purpose indoor entertainment venue, will be the epicentre of Yas Bay’s Waterfront, and once open, it will host UFC and other world-class events, the statement explained. The arena is designed to accommodate both large-scale and private events, with flexible capacity ranging from 200 to 18,000 people.