Abu Dhabi-based Miral has unveiled a $3.27 billion (AED12bn) master development on Yas Island that be home to 15,000 people and 10,000 working professionals.
The company will invest $1.09bn (AED4bn) into phase one of the 14 million square feet development to transform the southern end of Yas Island’s into a “global destination for family entertainment and leisure”.
The development comprises three distinct areas: Yas Bay, a public waterfront and entertainment district; the Media Zone, the new campus of twofour54; and the Residences at Yas Bay, an urban island community.
Attending the launch ceremony on Monday, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan said the new project will support the country’s economy and will be a valuable addition to cultural and urban development in the UAE. More info