Yas Island phase two to begin after F1

Aldar Properties, Abu Dhabi’s real estate developer has decided to introduce the second stage of its Yas Island project after the Formula One Grand Prix is over.

The sources informed that the second stage will comprises Ferrari World theme park, the major retail mall in Abu Dhabi, with up to 500 shops, besides residential as well as commercial units.

Sources added that Yas Island covers 25 sq km of land with approximately 17 sq km being used for development.

Aldar Properties possesses more than 50 million sq m of land at locations throughout Abu Dhabi.

This makes it the single major owner of land in the UAE.