$40bn development on Yas
United Arab Emirates: Thursday, November 30 - 2006 at 06:21
Aldar Properties will start building a $40bn master-planned complex next year on Abu Dhabi's Yas Island. Elements include residences, hotels, marinas, retail, and golfing, equestrian and motor racing - with a Ferrari theme park. Aldar is seeking a special zone classification to allow freehold ownership. Dredging has started, and the project will be built in two phases due in 2008 and 2014.
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James McInerney, News EditorThursday, November 30 - 2006 at 06:21 UAE local time (GMT+4)
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This Article was updated on Thursday, December 07 - 2006
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