DUBAI PROPERTIES BEGINS WORK ON MARASI BUSINESS BAY MARINA
Dubai Properties commenced work on the new Marasi Business Bay marina, with the installation of pontoons. The commencement ceremony took place in the presence of Abdulla Lahej the group CEO of Dubai Properties at the Marasi Business Bay Promenade.
The $272m (AED1bn) mixed-use Marasi Business Bay was launched by Dubai Holding and Dubai Properties Group in May 2016. It features water homes with pools and floating restaurants and is located along the Dubai Water Canal. Marasi Business Bay hosts the Park, the Pier, and the Marina that will comprise 800 berths in total, making it the region’s first purpose-built yachting hub.
The Marasi Business Bay marina will be constructed using the Seaflex technology, which claims to provide secure moorings even under the worst weather conditions. The stable and secure self-regulating system elongates and retracts in a smooth, even movement according to the water levels.
The first phase of the marina, which is set for completion in the third quarter of 2017, will feature 157 berths varying in size from eight metres to 35 metres.
Lahej, group CEO of Dubai Properties, said: “The new marina at Marasi Business Bay will leverage latest advances in construction and engineering for its on-schedule completion, offering the city a new active urban lifestyle dimension and waterfront destination.”
The Marasi Business Bay is currently at the heart of the extension of the Dubai Water Canal.