Aldar Properties' YAS Island races to the top with Ferrari World Abu Dhabi

Developments such as the company's YAS Island Project, home of the Ferrari World Abu Dhabi theme park as well as attractions from Warner Brothers and luxurious 5* hotels and residences, are contributing to the intense property boom, and attracting visitors from across the globe.

In 2007, the Abu Dhabi International Airport received a record breaking 6.9 million passengers, which is a 31% increase over the year before. Forecasts for 2008 are around 7.6 million. As Abu Dhabi is promoted to an international audience attracting a growing number of visitors each year, developments like YAS Island, a multi-use entertainment and leisure destination promise to increase the number of visitors with unique theme parks, attractions, and entertainment for the entire family.

"Abu Dhabi is doing a remarkable job carefully planning the layout of the emirate and the infrastructure that will connect different areas of the capital city. Developments such as Aldar Properties' YAS Island have the advantage of not only attracting tourists with theme parks that are unrivalled across the globe, as well being centrally placed between Europe and Asia - delivering the accessibility that is crucial to the enduring success of such projects,"

commented Ronald S. Barrott, CEO Aldar Properties.

YAS Island will be home to the world's first Ferrari theme park, Ferrari World Abu Dhabi. In addition, the luxury destination will also be home to a Warner Bros theme park and a world class Formula One racetrack, which will be hosting the Abu Dhabi Grand Prix commencing in 2009. Other attractions to be found on YAS Island will include a state-of-the-art Water Park, the first Links golf course in the UAE, and a 250,000 square metre retail mall. With luxury hotels, beautiful water front features and beaches, commercial offices, and spas; YAS Island is set to become a unique international tourism and luxury leisure destination.

"Abu Dhabi has the unique advantage of being in a central location, connecting the eastern and western worlds. As an international player in the property development industry catering to a global contingency, Aldar Properties ensures that all of its developments meet international standards, and are continually setting the benchmark for quality in the industry, which demonstrates the maturity of regional construction and the real estate market of Abu Dhabi," concluded Ronald S. Barrott, CEO Aldar Properties.

YAS Island's completion date is set for 2014.