A complete development project including homes, restaurants, shops and leisure facilities is to be made in Finland and floated to Dubai with the first parts arriving later this year.
It will be part of the emirate’s first group of floating homes with each property having boat access and the region’s longest waterfront promenade.
Dubai is used to having its fair share of innovative and flashy real estate projects but the Marasi Business Bay development is being hailed as the next iconic one to be built in the Middle Eastern location.
There will also be five palm tree lined yacht marinas and an exclusive yacht club being developed by Dubai Properties with the first parts being floated in place by the third quarter of this year.
Finnish-owned ADMARES, a pioneer in the construction of floating developments which specialises in providing properties for areas where there is a lack of land to build on, is designing and making the structures at its purpose built production facility.
The first phase includes 10 water homes, two restaurants and an exclusive yacht club and is described as a unique waterside destination concept in the region. Production has already started and the building will be fitted out before being transported to the Middle East.
‘Our objective is to create unique, innovative and environmentally friendly real estate products, utilising ground breaking, multi-disciplinary off-site construction technology,’ said Mikael Hedberg, ADMARES chief executive officer.
‘We started at the top with our first project in the Emirates, working with Jumeirah and Dubai Holding for the Burj Al Arab Terrace. Having successfully delivered the new resort extension, the biggest ever undertaking of its kind in the world,’ he explained.
He added that with this project the developer is aiming to create a landmark development with a high degree of innovation and quality. As the buildings are more or less completed in Finland it means that once they arrive in Dubai the time it takes to put them in place is minimal.
Dubai Properties chief executive Abdulla Lahej, believes that the project is not only innovative but in line with Dubai’s Plan 2021 to create a smart and sustainable city ahead of the World Expo 2020.
‘As a leading master developer, we stay one step ahead by working with speed and efficiency to seamlessly create blueprints for success and deliver exceptional lifestyles, value and a lasting impact for the betterment of Dubai,’ he added.
Marasi Business Bay will be connected directly with Dubai’s main transport arteries Sheikh Zayed Road and Al Khail Road and it is located within 550 metres of Downtown Dubai.