Dubai Holding launches waterfront development

24 May 2016

Scheme includes promenade, water homes and a yacht club

Dubai Holding’s real estate development arm Dubai Properties has launched its AED1bn ($272m) Marasi Business Bay project along the banks of the Dubai Water Canal.

 Dubai Water Canal

Dubai Water Canal

Dubai Water Canal

The waterside development will have a 12-kilometre promenade, water homes, retail outlets, floating restaurants, leisure facilities and five marinas.

The first phase is the promenade. Dubai Properties says it will be completed by September 2016, in line with the opening of the Road & Transport Authority’s Dubai Water Canal scheme, followed by The Park and The Yacht Club. A substantial part of the development is set for completion by 2020, with overall works concluded by 2023.

 

You might also like...

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications