Aldar Announces Water Park for Yas Island

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(ABU DHABI, UAE) -- Over the weekend, Aldar Properties PJSC announced it is building a water park at Yas Island that is due to open in 2012. On 16 hectares of land, the park will feature more than 40 rides including four that are billed as one of a kind, never before offered anywhere. Construction starts in July.

The water park will be preceded by Ferrari World Abu Dhabi, the world's first Ferrari theme park, which opens on October 28. Already at Yas Island are Yas Marina Circuit where the Formula 1™ Etihad Airways Abu Dhabi Grand Prix takes place in November, Yas Links, the first links golf course in the Gulf, and seven hotels including The Yas Hotel, the first hotel constructed over a Grand Prix racetrack.

Future plans for the 25 square kilometer island include a shopping mall with IKEA already booked as the anchor tenant and a Warner Brothers theme park plus villas and apartment houses.

Mohammed Al Mubarak, Chief Commercial Officer of Aldar Properties, said, "This facility will provide a unique entertainment opportunity for people of all ages, enabling families and individuals alike to indulge in a thrilling entertainment experience that reflects our rich maritime culture." 

Sami Asad, Chief Operating Officer of Aldar Properties, added, "It will be a valuable addition to the other attractions that will set Yas Island apart as a major leisure destination and will reinforce Abu Dhabi's position as a great place to live, work, and visit."

Aldar Properties PJSC is Abu Dhabi's leading property development, management, and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support Abu Dhabi's infrastructure through the creation of high quality, attractive, and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, educational, and medical facilities.      

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