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
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
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?
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.