By Staff writer
Dubai Properties CEO hails 'significant milestone' in construction of Marasi Business Bay
Dubai Properties has announced the start of work on the new Marasi Business Bay marina as part of the AED1 billion mixed-use Marasi Business Bay project.
The installation of the pontoons, which marked the occasion, took place in the presence of Abdulla Lahej, Group CEO of Dubai Properties.
Launched by Dubai Holding and Dubai Properties Group in May 2016, Marasi Business Bay is "well on track" to becoming the city’s most sought-after waterfront destination, a statement said.
It features unique water homes with pools and floating restaurants and is located along the city’s newest attraction - the Dubai Water Canal.
Marasi Business Bay hosts the Park, the Pier and the Marina that will eventually comprise 800 berths in total, making it the region’s first purpose-built yachting hub.
Set for completion in the third quarter of 2017, the first phase of the marina will feature 157 berths varying in size from eight metres to 35 metres, the statement added.
Lahej said: “Today marks a significant milestone in the development of Marasi Business Bay, which is testimony to our commitment of creating destinations that provide exceptional lifestyle experiences for residents and visitors alike - reinforcing Dubai’s position as a global tourism destination.
"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.”