PRESS

RELEASE


AED 500 MILLION REDEVELOPMENT PLAN UNVEILED
TO REDEFINE RETAIL EXPERIENCE AT YAS MALL
• Redesign and refurbish key areas to deliver a new and diversified offering
• Repurpose 40% gross leasable area to create high impact experiential retail, F&B, and
office spaces
• Introduce 100+ new stores and innovative concepts that will enrich the retail experience
and cater to evolving customer needs
• Reduce carbon footprint by 59 tons per year and improve the mall’s recycling rate to 40%
• Plan to be completed in phases over 12-18 months, with works commencing in March
2021

Abu Dhabi, UAE – (XX March 2021): Aldar Investment today announced a AED 500 million
redevelopment plan for Yas Mall to reinforce the asset’s position as the centrepiece of Yas Island, Abu
Dhabi’s fast-growing residential and leisure destination.
The substantial investment will enhance the customer journey by reimagining the mall’s spaces and
introducing new innovative retail concepts. The redevelopment will further enable Aldar Investment
to deliver a unique and diversified offering to tenants and customers by repurposing 40 percent of its
gross leasable area to high impact experiential retail, F&B, and co-working office spaces. Work on key
areas of the mall is already underway and will be completed in phases over 12-18 months.
Despite the unprecedented challenges presented by the pandemic, Aldar has maintained steady
footfall across its retail portfolio, while upholding the health and safety of its employees, customers,
retailers, and the communities it serves.
Announcing the plan, Jassem Busaibe, Chief Executive Officer, Aldar Investment, said, “Since opening
its doors over six years ago, Yas Mall has become Abu Dhabi’s leading retail and leisure destination.
Our transformational plan for the mall is in anticipation of evolving customer needs and in line with
developing retail trends globally. The project will deliver a new and diversified offering to enrich the
customer experience.
“We are also future-proofing a key asset that is at the heart of Yas Island and its many world-class
attractions, drawing in more local and international visitors. It will also allow us to serve new
communities growing around Yas Mall. This redevelopment is perfectly aligned with Abu Dhabi’s
strategic vision to reinforce the capital’s position as a favourable destination for business, tourism,
and living,” Busaibe added.
The redevelopment will expand the mall’s F&B offering by 40 percent, introducing a variety of F&B
brands in addition to a new food hall and outdoor terraces to be located at the North Entrance, which
will include a wide mix of local and international brands. Situated in the heart of Yas Mall, the
revamped Town Square will offer an alfresco inspired dining experience with clear views of events and
activations.
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The Boulevard connecting Yas Mall with Ferrari World Abu Dhabi and CLYMB Abu Dhabi will become
an all-new sports hub, showcasing the world’s best sports brands with five unique concept and
experiential stores.
The plan will increase the health, beauty, and jewellery categories, and the mall will welcome several
international fashion brands including the first Urban Outfitters store in Abu Dhabi, Kendall & Kylie
and technological footwear brand Duozoulu. Yas Mall will add a home furnishings district, introducing
stores such as EBarza and Ethan Allen for the first time in Abu Dhabi. New flagship stores will also be
introduced, offering unique brand experiences and showcasing the latest trends.
The redevelopment will add a total of 15,000 sqm of office space to Yas Mall. This includes the recently
launched Cloud Spaces, a co-working space designed as a differentiated business concept, which
marks the first milestone in the redevelopment.
The project will improve the customer journey within the mall, supported by the introduction of ‘way-
finding’ technologies as well as an interactive digital art screen which will replace the Water Fountain
in Town Square. There will also be a refurbishment of the parking areas, entrances, and welcome desks
to further enhance the customer experience.
As part of Yas Mall’s commitment to the environment, it is introducing a customised composter
transforming food waste to biosoil that will be used in 115,000 sqm of the mall’s landscape. In
addition, 60,000 lamps will be replaced with LED lighting across the mall. These changes will reduce
Yas Mall’s carbon footprint by 59 tons per year and improve the mall’s recycling rate from 30 percent
to 40 percent. As part of Aldar Investment’s commitment to the community, the redevelopment plan
will include additional features to make the mall fully accessible to People of Determination. Yas Mall
was recently awarded a Certificate of Gold by The World Disability Union to honour disability-friendly
organisations.
Yas Island continues to enhance its position as the leading leisure and entertainment destination with
the introduction of SeaWorld Abu Dhabi, which will complement existing destinations on the island
including Warner Brothers World Abu Dhabi, Yas Waterworld, Yas Beach, and Yas Links Golf Course.
Hilton Abu Dhabi Yas Island hotel in Yas Bay has just opened its doors last month and the island will
also be home to the highly anticipated Warner Bros Abu Dhabi hotel this year.
Yas Island is already home to a variety of Aldar residential communities including Noya, Water’s Edge,
Ansam, West Yas, Yas Acres, and Mayan. By the end of 2021, the total number of residential units at
Yas Island and Al Raha Beach will be 15,000 units, and Yas Mall will be within 10 minutes’ driving
distance for more than 50,000 people.
As one of Abu Dhabi’s most sought-after destinations, Yas Island continues to evolve as a premium
destination to live, work and play. The island will soon welcome Abu Dhabi Media Zone’s new
twofour54 campus adding another creative dimension and significant weekday footfall, with the
redeveloped Yas Mall set to meet the demands of a diverse range of customers: residents,
professionals, tourists, and visitors from across the UAE and the world.

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-ENDS-

For further information, please contact:

Media
Obaid Al Yammahi Joudi Issa
Aldar Properties Brunswick
+971 2 810 5555 +971 2 234 4600
ALDAR@brunswickgroup.com
About Aldar

Aldar Properties PJSC is the leading real estate developer and manager in the UAE with a diversified and
sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment.
Aldar Development is a master developer of integrated, liveable, and thriving communities across Abu Dhabi’s
most desirable destinations, including Yas Island, Saadiyat Island, Al Raha, and Reem Island. It is responsible for
developing Aldar’s c. 65 million sqm land bank and includes three businesses: Aldar Projects, which manages
Aldar's fee-based development management business, including AED 45 billion of government housing and
infrastructure projects; Aldar Ventures, which incubates and nurtures new business opportunities and
innovation areas; and Aldar Egypt, the platform focused on developing mixed-use communities in Egypt.
Aldar Investment houses Aldar’s core asset management business comprising an AED 16 billion portfolio of
investment grade and income-generating real estate assets diversified across retail, residential and commercial
segments. It also manages three core platforms: Aldar Education, Aldar Estates and Aldar Hospitality and Leisure.
Aldar Education includes Aldar’s entire educational portfolio, including Aldar Academies, the leading education
group in Abu Dhabi, with 20 schools, over 24,000 students and a growing network of 3,000 educators from over
100 nationalities, offering a wide range of curriculum and ancillary services such as a Teacher Training Academy.
Aldar Estates consolidates Aldar’s Retail Operations alongside existing Residential and Commercial real estate
operations within Provis and will further include Community Management under one integrated property
management platform. Aldar Hospitality and Leisure looks after Aldar’s portfolio of hotel and leisure assets,
which are anchored around Yas Island and Saadiyat. It includes Aldar’s portfolio of 10 hotels, comprising over
2,900 hotel keys and managing operations across golf courses, beach clubs and marinas.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable,
cash generative business that provides recurring revenues, and benefits from a diverse and supportive
shareholder base. Aldar operates according to high standards of corporate governance and is committed to
operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar is driven by a vision to be a leading real estate developer and manager in the region by playing a key role
in the development of quality, comfortable, desirable destinations that people can live in, work at and visit.
For more information on Aldar please visit www.aldar.com or follow us on: