Abu Dhabi-based developer Miral on Sunday announced the launch of Yas Village, an affordable modern living community on Yas Island spanning across 108,600 square meters.
The first phase of the project is being built with AED 625 million in investments and is set to target Yas Island’s employees and the wider community of Abu Dhabi, according to a press release.
The construction work at Yas Village’s phase one started in May 2018 and is now 40% complete.
Steppe Capital, a Singapore-based investment holding company, is also investing in parts of the development’s first phase, Miral noted.
B.R. Kiran, chief portfolio officer of Miral, said: “Yas Village, the first affordable residential development on Yas Island, brings a modern and welcoming living community to the Island. As we continue to attract quality investments within Miral’s various ongoing and upcoming projects on Yas Island, we are delighted to have Steppe Capital invest in the development of phase one of Yas Village.”
“Once complete, we look forward to welcoming employees from the island and its surrounding areas within Abu Dhabi to become residents of this inclusive community,” Kiran added,
Yas Village will feature nine residential buildings, sports, and leisure facilities, along with retail and dining options.
Phase one is set for delivery by the end of 2020, featuring 994 one- and two-bedroom units, while phase two will bring an additional 758 units to Yas Village.
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