Construction & Real Estate

Miral's premier Abu Dhabi waterfront project work on track

Abu Dhabi's leading curator of experiences Miral has announced the completion of key milestones on its premier waterfront destination, Yas Bay, coming up within its $3.26-billion portfolio of diverse leisure and entertainment developments in the UAE capital.
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.
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 $1.1 billion into the project's waterfront, infrastructure and public realm.
On its major achievements, Chairman Mohamed Khalifa Al Mubarak 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," stated Al Mubarak.
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.  
Briefing on the project progress, Al Mubarak said set within The Waterfront, the $326-million Hilton Yas Bay Hotel is currently over 93% complete and is due for opening this year. 
In addition, the Waterfront will feature entertainment and nightlife attractions, including a Pier with 37 cafés and restaurants as well as 19 retail outlets.
"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," he added.
The iconic Etihad Arena, 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 Etihad Arena will become one of the leading entertainment venues in the region, designed to accommodate both large-scale and private events, with flexible capacity ranging from 200 to 18,000 people.
Miral said it remains committed 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's unique portfolio of current and developed assets and experiences, includes record-breaking attractions on Yas Island; from Warner Bros. World Abu Dhabi, Yas Waterworld and Ferrari World Abu Dhabi, to the newly opened CLYMB Abu Dhabi. 
As well as delivering many world firsts, these projects have secured a number of industry accolades and have been recognised for their unrivalled immersive experiences for local and global guests, it added.-TradeArabia News Service