A London-based project management consultancy firm Faithful+Gould has been added to manage the master development of Miral’s Yas Bay, a Dh12 billion worth 14 million sq. ft. foot site at the southern end of Yas Island in Dubai.
The master development comprises a new pier and promenade, a 3.2m sq ft Media Zone operated by twofour 54, new homes, an 18,000-capacity multipurpose Yas Arena and several cafes, parks and restaurants. With a four-years signed contract, Faithful+Gould is expected to work on phase one which plans to build a 650-key hotel, cafes, restaurants, retail outlets and a cinema.
The Yas Bay phase one development is likely to provide housing for 10,000 workers and up to 15,000 residents after the completion which is scheduled for 2019.
“Miral has a clear objective for Yas South to become a globally recognised leisure and entertainment destination, and we are really excited to be a part of that,” says Campbell Gray, Managing Director, Middle East, Faithful+Gould.