Located on the Dubai Water Canal, the Marasi Business Bay development is the brainchild of Finnish developers ADMARE, a pioneer of innovative floating construction, making it possible to build over water in locations where there is short supply of land.
The new development will be manufactured in Finland and floated to Dubai where it will become a major landmark on the already iconic cityscape.
As well as the longest waterfront promenade and homes with boat access, it will also feature restaurants, leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths, alongside floating retail and F&B outlets, an assortment of onshore boutique shopping, leisure and entertainment facilities and an exclusive yacht club.
Abdulla M. Lahej, Group CEO of Dubai Properties, said: “As Marasi Business Bay weaves into the fabric of the city, and in line with the Dubai Plan 2021 to create a smart and sustainable city, ahead of the World Expo 2020, as a leading master-developer, we stay one step ahead by working with speed and efficiency to seamlessly create blueprints for success and deliver exceptional lifestyles, value and a lasting impact for the betterment of Dubai.
“We are pleased to partner with Finland’s ADMARES to develop the first-of-their-kind homes on water in DP’s Marasi Business Bay destination. Their use of innovative technologies and unique construction techniques to deliver this type of pioneering structures will ensure that these unique homes on water, and the surrounding promenade, parks and marina, will be one of the most sought after residential destinations in the city.”
Production on the development began in Finland in October 2016 and it is scheduled for transportation to Dubai later this year where it will be completed.