Marasi Business Bay: Dubai’s Upcoming Iconic Waterfront Destination

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Marasi Business Bay is a highly anticipated waterfront community that is expected to boost Dubai’s tourism and real estate sectors. This innovative project is adjacent to the Dubai Water Canal and will feature a yachting destination, luxurious floating water homes and leisure facilities. This 1 Dh billion project will be one of Dubai’s most desired waterfront communities to live in. Marasi possesses the longest waterfront promenade in the UAE and offers innovative real estate next to extensive yacht berthing across five marinas. Listed below are the highlights that will make this project one of Dubai’s most attractive waterfront communities:

  •  Three main areas including The Yacht Club, The Park and The Pier
  • Longest waterfront promenade in the UAE
  • Features luxurious floating homes
  • Over 100 shops and outlets spanning over 16,000 square metres
  • The Park area spans over 60,000 square meters
  • Vibrant community that is carless, surrounded by water

Floating Water Homes and Businesses

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This residential community consists of 200 luxurious floating homes.Homeowners will enjoy private boat access and superb views of the encircling Dubai Water Canal. Marasi’s design will replicate the city of Venice as homes, shops and restaurants are anchored to the canal base with sturdy cables. Dubai Properties has reserved 250,000 metres of space for the construction of 100 shops, restaurants and more. These floating homes will appreciate the value of property in Business Bay overtime since it is an iconic project. Furthermore, floating homes are a unique luxury in the region that will attract future investors seeking a waterfront community.

Multi-Purpose Waterfront Promenade and Marinas

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The waterfront promenade extends 12km and will encompass widespread green spaces, retail outlets, gourmet restaurants that are floating adjacent to the homes. The palm tree lined marinas can handle the berthing for 1,250 yachts. These berths have direct access to Marasi’s three themed areas: The Yacht Club, The Pier, and The Park. The Park will include an RTA marina station, offshore restaurants and lounges. Dubai Holding’s construction of Marasi Business Bay is one of the most innovative projects in the UAE. This vibrant carless community will boost job creation in maritime tourism, leisure and real estate sectors.

When Will Marasi Open?

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The Promenade and the Dubai Water Canal are open to the public. The Park and The Yacht Club are under construction and hope to be completed by year 2020. The entire project will ready by year 2023. Purchasing real estate in an iconic project like Marasi will attract investors early considering property prices are expected to rise as we approach year 2020. The opening of Marasi will increase the value of nearby real estate properties and contribute to the momentum of Dubai’s growing real estate market.

Everything You Need to Know about Marsa Al Arab – Dubai’s New Luxury Twin Island Destination

A highly anticipated mega project will break ground in Dubai that will boost the UAE’s tourism sector. The construction of Marsa Al Arab consists of two islands located on both sides of the Burj Al Arab Hotel. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE And Ruler of Dubai officially announced the AED 6.3 billion project. Marsa Al Arab is expected to boost job creation in the hospitality and tourism sectors.
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Why ‘Off-plan’ and ‘Affordable’ Are The Most Important Trends of 2017

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The high demand for off-plan properties and affordable housing are the two most significant trends impacting Dubai’s real estate industry in 2017 and beyond. Top property developers like Emaar Properties, DAMAC Properties, Dubai Properties and Azizi Developments are responding to increasing interest by investors to tap into the affordable housing sector. With the World Expo 2020 taking place in Dubai South, major projects are being built to cater to millions of people planning on attending this event. With affordable being the trend in Dubai along with the coming of the Expo, investors should pursue the new project launches in Dubai South and Al Furjan community.

Expo 2020 is Coming to Dubai

Dubai is hosting the next World Expo in October 2020.  This highly anticipated event will attract approximately 25 million visitors from 180 different nations. The official confirmation of the Expo 2020 has directly enhanced Dubai’s off plan property sector.  Investors purchasing property near the Expo are expected to earn a high return on investment as visitors attending the Expo will require housing.The Expo 2020 is a major aspect driving Dubai’s affordable housing sector. The areas close to Al Maktoum International Airport such as Dubai South and Al Furjan will feature various residential affordable developments. These emerging projects are affordable since the adjacent areas remain undeveloped. The Villages, The Pulse and Emaar South are affordable housing projects in Dubai South. With increasing interest in affordable housing, key property developers are responding to this demand in the market.

Notable Affordable Properties in Dubai South and Al Furjan

Damac Properties which specializes in luxury homes has decided to tap into the affordable housing market. Damac is building homes priced at less than Dh1 million. Reidin-GCP’s data shows that transactions for properties under Dh1 million are at 46% since 2015. Properties between Dh1 million to Dh2 million currently make up 30% while properties that cost Dh2 million and more account for 24%. In Dubai South, DAMAC Properties is constructing DAMAC Maison de Ville Tenora,  a highly anticipated affordable residential project. This project features furnished and serviced deluxe rooms, one and two bedroom suites.  This affordable residence caters to Expo attendees due to its close distance to the event.Azizi Developments, a renowned property developer in Dubai, is constructing affordable quality projects in Al Furjan community. Azizi’s Farishta Residence is a high-end residential apartment with available units under Dh 1 million. These fully furnished units consist of studio, 1 and 2 bedroom apartments. Other notable properties in Al Furjan include Candace Aster, Azizi Orchid Residence and Azizi Daisy Residence.

Affordable and Off Plan Will Trend Beyond 2017

In summary, the demand for affordable and off-plan properties has boosted and is projected to increase in the foreseeable future. With high online searches for affordable housing along with the Expo 2020 coming to Dubai South, top property developers will certainly tap into this undersupplied sector. The Expo has motivated investors to purchase affordable units in Dubai South and Al Furjan. The Expo’s six-month duration will host millions of visitors who will require renting property. The high rental demand during this event will enable property owners the flexibility to increase rental prices, increasing their earning. 

Dubai’s Largest Park is Coming in 2017

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Dubai Holding and Dubai Municipality is constructing Dubai’s largest public park in Dubailand. The park will stretch across 1,430,000 sqm, approximately three times larger than Dubai’s Zabeel Park. The development of the park is under the management of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Dubai Holding and Dubai Municipality. Sheikh bin Rashid aims to advance the city’s fitness levels, environmental awareness and strengthen Dubai’s rank as one of the happiest cities around the world. The park will increase public space in Dubai by 17% upon completion.

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Outdoor Amenities

The vast natural landscape and trees will improve the air quality of the community by preserving existing biodiversity. Approximately 15,000 trees of adopted and native species will be positioned along the nature trails and throughout the park.The park’s large space will feature outdoor amenities: extensive pedestrian trail, 20 km jogging track, cycling tracks and scenery trails. This park is appropriate for families and all age groups. Parents have access to 55 playgrounds for their children. Sports enthusiasts have 45 sports grounds sites for sports games. The parks open fields and courts can cater to soccer, cricket, tennis and basketball meetups. The park features shopping outlets, gourmet restaurants, cafes and five events areas.

Construction of Phase 1

The park’s first phase is scheduled to begin by the end of 2017. Phase 1 will cover 318,000 sqm of land, including a 4m jogging track, 2km bicycle track and a 7km pedestrian walkway. The public park will include 10 sports grounds and one major events space. Impressive park features will include on-site power generation, wifi connectivity throughout the park, natural & built shading areas and smart card for tickets and purchases.The park’s remarkable features and popularity will directly enhance the property value of homes in Dubailand.

12 Exciting Offplan Waterfront Projects in Dubai

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Dubai’s real estate market is producing new off plan waterfront projects set to launch between 2017-2020. Waterfront projects are increasingly in demand for their world-renowned construction, return on investment and scenic views of the coastline. These communities are attracting expats from across the world to spend their holidays in the emirate. The listed waterfront communities are the most desired areas for home buyers seeking a majestic waterfront experience in Dubai.

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