USD 3.3 bn Waterfront Destination in UAE Capital Completes Major Milestones as Yas Island's Yas Bay Sees Ambitious Vision Become Reality

Miral's USD 1.1 billion investment into the USD 3.3 billion project, includes developing the public realm, the infrastructure, the Hilton hotel and Yas Bay Arena. The 14 million square feet development is comprised of three distinct areas: The Waterfront, Residences at Yas Bay, and twofour54. Miral'sUSD 1.1 billioninvestment into theUSD 3.3 billionproject, includes developing the public realm, the infrastructure, the Hilton hotel andYas Bay Arena. The 14 million square feet...

Miral's USD 1.1 billion investment into the USD 3.3 billion project, includes developing the public realm, the infrastructure, the Hilton hotel and Yas Bay Arena. The 14 million square feet development is comprised of three distinct areas: The Waterfront, Residences at Yas Bay, and twofour54.

"With this investment, we are contributing to the emirate's vision to diversify the economy and getting closer to positioning Yas Island as one of the top global destinations for entertainment, leisure and business," added Al Zaabi

The main focal point of Yas Bay, The Waterfront, will incorporate Yas Bay Arena, two world-class hotels and a beach club, as well as a boardwalk and pier that are set to have 37 cafés and restaurants, and 19 retail outlets. As one of the most striking components of the waterfront development, Yas Bay Arena, will be a first-of-its-kind, multi-purpose indoor venue, providing flexible capacity from 500 people to around 18,000 people. The new Arena is set to become a major addition to Abu Dhabi's entertainment and culture offering, hosting large-scale and private events such as sporting competitions and cultural performances.

Yas Bay will also be home to two new world-class hospitality offerings, including a major Hilton hotel set within the Waterfront area. Having reached 60 per cent in construction progress and scheduled for completion in 2020, it is primed to become one of Yas Island's key landmarks, comprising 546 rooms with a wide range of food & beverage outlets.

Yas Bay also incorporates Residences at Yas Bay, an urban island community with capacity for 15,000 residents through 35 low-to-mid-rise residential plots, out of which 33 are remaining as 2 plots were sold earlier in the year, 19 recreational parks, three Mosques and two schools, all seamlessly connected to the waterfront.

In addition, the new 3.2 million square feet home of twofour54, the globally-renowned creative hub for Abu Dhabi's media and entertainment industry at Yas Bay, is set to attract 10,000 professionals.

As a centerpiece of Miral's vision to continue to position Yas Island as a top global destination, Yas Bay will be an addition to the Island's attractions and will enhance the excitement and unique experiences already offered.

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Notes to Editors:

For 360 view of Yas Bay 

Photo: https://mma.prnewswire.com/media/1004154/Yas_Bay_Miral.jpg