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United Arab Emirates: Miral, Abu Dhabi’s creator of destinations, has signed two land sales at Yas Bay with Siadah International Real Estate Development LLC, which in its turn plans to develop two residential buildings on the waterfront.
Yas Bay - Yas Island’s vibrant new waterfront community to live, work and play, also includes other available residential and commercial plots for potential investors and partners.
“Today, we are happy to announce that we finalised the sale of the first two plots for residential development at Yas Bay with Siadah International Real Estate Development,” said Mohamed Abdalla Al Zaabi, CEO of Miral.
He added, “With the recent changes in the law issued by the Abu Dhabi government, allowing foreigners to acquire freehold lands and develop properties in designated zones, Yas Island’s Yas Bay is now firmly on the global map as a real estate investment destination.”
Chawqui Derradji, CEO at Siadah International Real Estate Development added: “We are delighted to invest in Yas Bay and to bring our projects to such an exciting destination. As the two plots become bustling communities, we aim to mirror Miral’s vision of offering unique and immersive experiences by developing residential units with direct views of Yas Bay waterfront.”
The latest addition to Miral’s portfolio, Yas Bay, is progressing to schedule. The project recently witnessed the completion of concrete works at its first hotel, due to be operated by Hilton. In addition, the first phase of road infrastructure and landscaping of the public realm, parks and promenade have also been completed. Yas Bay Arena, the first-of-its-kind multi-purpose indoor arena in Abu Dhabi, also marked a major construction milestone in March of this year with the installation of the largest roof truss for the 18,000 seat Arena.
About Miral
Miral is Abu Dhabi's creator of destinations, uniting people and places through unique, immersive and exciting experiences. Responsible for the development and management of Yas Island, Miral's assets encompass entertainment, hospitality, leisure, sport, dining, retail, and real estate destinations. Today, Yas Island is home to Ferrari World Abu Dhabi, Yas Waterworld, Warner Bros. World Abu Dhabi, Yas Links Golf Course, Yas Mall, Yas Marina Circuit, Yas Marina and seven hotels, including the flagship Yas Hotel. For more information, visit http://www.miral.ae
About Siadah
SIADAH International Real Estate Development LLC.
A commitment to promoting a healthier environment and developing sustainable, high-living standard communities to the emerging and future generations.
Newly established in early 2018, SIADAH operates as a Real Estate Development company founded by subject matter experts.
The creative work of forward-thinking companies and environment-oriented innovative project teams are a fundamental driving force in the green building movement, this is where SIADAH comes to stamp its fingerprint in the sustainable community world by helping future generations embrace a healthier and a more sustainable lifestyle, and ensuring integration among the three pillars of sustainability: environmental, economic and social vision.
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