Cosmo details AED6 billion Yas Island development
Arabian Post Staff -Dubai Cosmo Developments has launched THE WADI, a mixed-use project on Abu Dhabi’s Yas Island with an estimated investment of AED6 billion and plans for 3,950 homes. The company, a joint venture between Abu Dhabi-based Flag Holding Group and Reportage Group, said the development will occupy about 140,700 square metres along Yas Canal. Reportage Group, which manages Cosmo…
Arabian Post reports that Cosmo Developments, a project led by Abu Dhabi-based Flag Holding Group and Reportage Group, has launched a mixed-use development named THE WADI on Yas Island in Abu Dhabi. This AED6 billion investment project covers 140,700 square meters along Yas Canal, featuring 3,950 homes and a mix of residential, commercial, recreational, and sports facilities.
The development follows a nature-led design that emphasizes landscaped areas, water features, and pedestrian movement, with underground parking and a running route of about six kilometers. Cosmo Developments and Reportage Group manage the project from development to long-term management, with a focus on quality of life and long-term value for residents and investors.
The launch of THE WADI comes amid strong activity in Abu Dhabi’s property market, with residential unit sales reaching AED70.4 billion in the first half of 2026, and Yas Island accounting for 77% of Abu Dhabi’s projected additional housing supply through 2030.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
