Yas Waterworld Abu Dhabi
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The chief executive also revealed plans for Yas Waterworld, saying: “We are adding a new attraction to Yas Waterworld this year, with the addition of a 29-seat, 5D cinema, which will be the first of its kind for a waterpark in the region.”

Source: http://arabianbusiness.com/abu-dhabi-s-ferrari-world-have-two-new-rides-this-year-671961.html

So when will they expand the park?

The article was from 2013 before they open the park.

No they are not removing it!

Are they building or removing the waterpark?

“In ten to 15 years we will cover the entire AED900m investment as well as two planned expansions. We are planning expansion one in 2016 and other will come a few years after that,” he confirmed.

Looks like this will need to be back on the under the construction part of the board

http://www.arabianbusiness.com/abu-dhabi-s-245m-yas-waterworld-plots-expansion-486443.html

Just posted today:
http://www.thethemeparkguy.com/park/yas-waterworld/photos







More here:
http://www.thethemeparkguy.com/park/yas-waterworld/

Yas Waterworld is open since January 20, 2013. Moving it to the Completed section.

General manager Mike Oswald said the park was forecast to attract 700,000 visitors in 2013 and is expected “to be profitable very soon after opening - within year one”.

Oswald also revealed developer Aldar is planning two more phases to the park as part of its investment, without providing further details.

“In ten to 15 years we will cover the entire AED900m ($245m) investment as well as two planned expansions. We are planning expansion one in 2016 and other will come a few years after that,” he confirmed.

Source:
http://www.constructionweekonline.com/article-20484-abu-dhabis-245m-yas-waterworld-plots-expansion/#.UPxLRye0-7w