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Construction of Miral’s $3.2bn Yas Bay in Abu Dhabi nears completion

The Yas Bay Arena is 75% complete, while the public realm and infrastructure of Yas Bay will be completed by December 2019

The Yas Bay masterplan
Supplied
The Yas Bay masterplan

Progress is being made on the $3.2bn (AED12bn) Yas Bay waterfront development in Abu Dhabi after real estate developer Miral revealed that the region’s first multi-purpose indoor venue, Yas Bay Arena, is 75% completed and infrastructure of its public realm will be finished by December 2019.

The 130ha development comprises of three distinct areas: The Waterfront, Residences at Yas Bay, and twofour54.

Miral has invested $1bn into the $3.2bn project to develop the Hilton hotel and Yas Bay Arena.

The entire Yas Bay development is currently 60% finished and scheduled for completion in 2020.

Commenting on construction progress, Miral CEO Mohamed Abdalla Al Zaabi said: “Our latest construction update highlights the significant progress we have achieved on our pioneering Yas Bay project.

He added: “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.”

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Construction Week - Issue 758
Feb 08, 2020