Cosmo Developments Unveils Dh6 Billion Yas Island Community
THE WADI, a joint venture between Flag Holding Group and Reportage Group, will bring 3,950 residential units to a 140,700 square-metre site on Abu Dhabi's Yas Island, alongside a hotel, yacht marina and retail space.
Corroborating Sources: Gulf News β "THE WADI Yas Island: AED 6 Billion Nature-Led Mixed-Use Residential Development Launched in Abu Dhabi," and Construction Week Online's coverage, both independently confirming the Dh6bn (~$1.63bn) project value, 3,950-unit count and 140,700 sq m plot size; The National also covered the launch on September 20-21, 2026.
Key Takeaways
- β Dh6bn (~$1.63bn) Project Value: THE WADI is valued at approximately Dh6 billion (about $1.63 billion), one of the larger residential launches on Yas Island to date.
- β 3,950 Residential Units: The mixed-use community will include studios and one-, two- and three-bedroom apartments across a roughly 140,700 square-metre plot along Yas Canal.
- β Cosmo Developments Joint Venture: The project is developed by Cosmo Developments, a joint venture between Flag Holding Group and Reportage Group, with Reportage Group managing and powering the development.
- β Hospitality and Leisure Anchors: Plans include a hotel, yacht marina, parks, sports facilities and retail space arranged around a landscaped, nature-themed masterplan.
The Project
Cosmo Developments, a joint venture between Flag Holding Group and Reportage Group, has launched THE WADI, a Dh6 billion (roughly $1.63 billion) mixed-use residential community on Abu Dhabi's Yas Island. The development sits on approximately 140,700 square metres along Yas Canal, about five minutes by car from Zayed International Airport and nine minutes from Ferrari World Yas Island. It will comprise 3,950 residential units spanning studios and one-, two- and three-bedroom apartments, with Reportage Group managing and powering the project.
What's Being Built
Beyond the residential component, THE WADI's masterplan includes a hotel, a yacht marina, commercial and retail space, and parks and sports facilities, organized around a landscaped valley design the developer describes as drawing on the UAE's natural heritage. The concept positions the community as a more leisure- and nature-oriented alternative to Yas Island's entertainment-anchored developments, while still sitting minutes from existing attractions such as Ferrari World.
Why It Matters
At Dh6 billion and nearly 4,000 units, THE WADI is a meaningful addition to Abu Dhabi's residential supply pipeline and extends Yas Island's shift from a pure tourism and entertainment district toward a larger residential population base. It also continues a pattern of joint-venture structures β pairing a land-holding or licensing partner with an operating developer β that has become common in Abu Dhabi's current wave of large-scale launches. No handover or delivery timeline has been disclosed yet; that, along with initial unit pricing, is the next detail worth tracking.