Miral Asset Management LLC - Yas South Development - Details on ZAWYA MENA Edition
last updated on: 20 November 2019

Miral Asset Management LLC - Yas South Development

Ongoing

Background

Miral Asset Management L.L.C plans to develop, Yas South Development, a mixed use development located south of Yas Island, Abu Dhabi, UAE. The project will include the construction of a 7 phase mixed use development spanning over a land area of 130,0642.56 sq.m which will spread across 3 districts - entertainment, residential and media. Phase 1 of the project is Yas Bay, it's also known as Integrated Destination Resort (IDR), and will include entertainment and waterfront district will feature 2 hotels - a Hilton family (650 rooms) resort and a lifestyle hotel (250) - totaling 900 rooms, and the 18,000-capacity Yas Arena venue. It will also include 50 restaurants, 20 retail outlets and a boutique cinema, a beach club and a family entertainment center which will welcome more than 14,000 guests daily. The Residences at Yas Bay would offer 35 plots to investors and developers and include 20 recreational parks with volleyball, basketball and tennis courts, cycling and jogging tracks, 3 mosques and 2 schools. The media district, spanning 297,289.728 sq.m, will serve as the headquarters of twofour54, Abu Dhabi's media zone. The mixed-use development is expected to attract more than 15,000 new residents and 10,000 working professionals to Yas Island. Faithful Gould is the PMC consultant, Pascall+Watson is the architect consultant for Yas Bay (Integrated Destination Resort ), WSP | Parsons Brinckerhoff is the design consultant for Yas Bay (Integrated Destination Resort ), HOK - Dubai is the design consultant for the Yas Arena and retail area and Currie & Brown (CI) Limited is the cost management consultant.
Country
Sub-Sector
Mixed-Use
Facility Type
Mixed-Use Development
Ownership Type
Project Type

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