Progress is being made on the $3.2bn 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.”
Source: www.constructionweekonline.com
