Abu Dhabi-based curator of experiences, Miral announces major milestones on Yas Bay on Yas Island. Yas Bay represents a $1.1 billion investment and is an integral part of Miral’s $3.26 billion portfolio of diverse leisure and entertainment developments under construction on Yas Island.
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 the $1.1 billion into the project’s waterfront, infrastructure and public realm.
As Miral announces major milestones on Yas Bay, chairman Mohamed Khalifa Al Mubarak, said, “We have 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.”
Yas Bay encompasses three distinct areas – including The Waterfront, The Residences and twofour54, and is set to attract 15,000 future residents and over 10,000 top business professionals. Located on the southern end of Yas Island, Yas Bay promises to become Abu Dhabi’s premier waterfront destination, with the main focal point featuring The Waterfront, a vibrant leisure and entertainment destination.
The 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 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.
Set within The Waterfront, The Hilton Yas Bay Hotel is currently over 93% complete and represents a total investment of $326 million. In addition, the Waterfront will feature entertainment and nightlife attractions, including a Pier with 37 cafés and restaurants as well as 19 retail outlets.
Miral 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 Warner Bros. World Abu Dhabi, Yas Waterworld and Ferrari World Abu Dhabi and CLYMB Abu Dhabi.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
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