Finnish-owned ADMARES has been awarded Phase 1 of the Marasi Business Bay development in Dubai, a further ground-breaking Emirates project, featuring homes on water and restaurants with direct water views and an exclusive yacht club. The Marasi Business Bay is being developed by Dubai Properties, a leading Dubai-based real estate master developer and asset manager known for projects across the Emirate, and is destined to become a major landmark in Dubai.
The ADMARES project will include 10 water homes, two restaurants and an exclusive yacht club, all of which are state-of-the-art floating buildings. These architectural structures will be designed, managed and manufactured in Finland by ADMARES, ensuring impeccable quality that can be achieved when construction takes place in a purpose-built production facility with a workforce that specialises in the construction of floating real estate.
The entire Marasi Business Bay area will include the longest waterfront promenade in the Emirates and the UAE’s first-ever homes on water with pedestrian and boat access, as well as restaurants, leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths, alongside an assortment of onshore boutique shopping, leisure and entertainment facilities as well as a range of local and international businesses.
The company is a pioneer of innovative floating construction, including the successful the Burj Al Arab Terrace, making it possible to build over water in locations where there is short supply of land. The floating buildings combine cutting-edge marine and construction technology providing real estate opportunities.
ADMARES started the production of the floating buildings in October 2016, with all of the manufacturing and outfitting being completed in Finland, before transportation by sea to Dubai in Q3 2017.
Said ADMARES CEO Mikael Hedberg. “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 – we now have another project where the client was looking to create a landmark development with a high degree of innovation and quality”.
According to Abdulla M. Lahej, Group CEO of Dubai Properties (DP): “As Marasi Business Bay weaves into the fabric of the city, and in line with the Dubai 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. We are pleased to partner with Finland’s ADMARES to develop the first-of-their-kind homes on water in DP’s Marasi Business Bay destination.”
Marasi Business Bay has direct connections to the city’s main transport arteries – Sheikh Zayed Road and Al Khail Road – and will be located within a short distance from Downtown Dubai.
For more information, go online at: www.admares.com