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Sun 27 May 2007 07:47 PM

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Festival Marina signs management deal

The yachting destination, part of Dubai Festival City, finalises a management agreement with Island Global Yachting.

Dubai Festival City has announced the signing of a management agreement with Island Global Yachting (IGY), the leader in developing and managing luxury marina and waterfront lifestyle experiences, to supervise the operation of the luxury Festival Marina located at the heart of the venue's retail resort.

A limited number of berths have also been made available for hire and boat owners are invited to reserve one of the 74 available.

"There is no other yachting destination in Dubai quite like Festival Marina," said Phil McArthur, managing director of Shopping Centres and Commercial Real Estate, Al-Futtaim Group Real Estate.

"Berth owners and boating enthusiasts can now combine the pleasure of sailing with shopping, dining and entertainment in a superb Creek side setting."

The Mediterranean-inspired Festival Marina will encompass 74 permanent berths with state-of-the-art facilities to accommodate 18 to 35 metre yachts.

The tariff for a pontoon berth will be based on its size and the lease time ranges from one day to a maximum of 3 years.

"Festival Marina is another demonstration of IGY's expertise and experience in designing, developing and managing world-class luxury marina destinations, such as Yacht Haven Grande in the US Virgin Islands. We are very proud that IGY will manage the marina operations, reservations systems, 24-hour security and on-going maintenance of Festival Marina," said Ralf Heron, CEO of IGY.

In keeping with its international appeal, Festival Marina will be the only facility in the UAE with quay wall mooring as is found in the waterside towns of Europe. This feature allows visiting yachts to moor directly at the quayside so passengers can go ashore and spend the day at Dubai Festival City.

Yachts berthed at other marinas around Dubai will now have more freedom to explore the upper reaches of the Creek.

"IGY has a global reputation for its operating standards and this certainly played an important role in the selection process for the management of Festival Marina, which is uniquely situated in the heart of a world class waterfront retail resort," said McArthur.

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