Marasi Business Bay Overview
Marasi Business Bay is a master-planned waterside development with a 12-kilometre promenade and the UAE’s first-ever water homes. There will also be floating restaurants, shops, leisure facilities and five palm tree-lined marinas.
The development, by Dubai Properties, is located on the Business Bay Creek Extension between the bridges at Al Abraj Street and Al Aamal Street. It is divided into three themed areas, The Yacht Club, The Park and The Pier.
The Yacht Club will include five marinas with 1,250 berths and lined with palm trees. Up to 200 residences are to be built on water with boat access, providing ‘a unique new living proposition for the real estate market in Dubai’. There will be floating restaurants and cafes alongside more than 100 onshore boutiques and a range of leisure and entertainment facilities.
The Park will be not one but 16 parks spanning almost 60,000 square metres. There will be water features, play areas and interactive furniture as well as an amphitheatre, an outdoor cinema and weekly markets.
There will also be a range of local and international businesses, and over 100 shops and outlets spread across an area of 16,000 square metres.
First announced in May 2016, the full Dh1 billion project will be finished by 2023, but The Marina and The Park should be ready by the end of 2020.
Finnish company Admares is building 10 "floating" water homes, two restaurants and a yacht club at the site.
The water homes will appear to be floating, but they will be anchored to the canal base using a mooring technology known as “Seaflex” that elongates and contracts with the tides. It could take two years to build and hand over the homes.
Admares will be responsible for designing and building the homes at a specialist facility in Finland before they are transported to the UAE.
The firm is a specialist in floating construction and built the new Terrace at the front of Burj Al Arab. It started work on the first units for Marasi Business Bay in October 2016 and is transporting the units to Dubai by sea. The first batch of water homes were delivered to site in September 2017.
There will be less than 100 of the “super-premium” ‘Marina Homes’. The designs have been done and they could go on sale in 2017.
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