Miral, the Abu Dhabi government-backed developer, has announced Yas Bay, a new waterfront development on Yas Island, is due to be completed in December 2019.
Miral has invested $1 billion into the 14 million sq. ft. project. It is developing the infrastructure and public realm of the development, alongside the Hilton Hotel and Yas Bay Arena. Mohamed Abdalla Al Zaabi, CEO of Miral, commented: “Our latest construction update highlights the significant progress we have achieved on our pioneering Yas Bay project.
“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,” Miral’s CEO added.
The waterfront leisure and entertainment destination will comprise of two hotels, Yas Bay Arena, a beach club, 37 restaurants and cafes, 19 retail outlets and a pier.
Yas Bay Arena will have a 18,000-people capacity and will host large-scale events, performances and sports tournaments.