5th September 2016: Dubai Properties Group (DPG), one of the largest fully integrated community development businesses in Dubai, known for renowned destinations across the Emirate, has announced that the iconic Marasi Business Bay development is on schedule to be completed by 2023, transforming the Business Bay promenade and marina as the city’s next waterfront landmark. Located along the Dubai Water Canal on the extension to the Dubai Creek, the region’s first ever purpose-built yachting destination will become synonymous with the best of what Dubai has to offer as a global business and tourism hub ahead of the World Expo 2020. Marasi Business Bay is divided in to three uniquely themed main areas – The Marina, The Park and The Pier. Phase 1, comprising The Marina and The Park, is on schedule for delivery in Q4 2017. Abdulla M. Lahej, CEO, Dubai Properties Group (DPG) said: “The Marasi Business Bay destination will send residents and visitors to Dubai on a journey of discovery into the new world of waterfront living never seen before in the UAE. In line with the country’s vision for 2021 and beyond, this new floating lifestyle destination will play a key role in supporting the government to realise its vision of enhancing Dubai’s iconic status as the fourth most visited city in the world by reinvigorating the historic Dubai Creek and boosting tourism in the Business Bay area.” As part of Phase 1, The Marina development brings to the UAE the first-ever water-homes, which are being built on water with pedestrian and boat access, provide unparalleled direct water views, creating a unique new living proposition for the real estate market in Dubai. The two to three bedroom residences, each with a private garden, pool and berthing space, are under construction and have attracted high-levels of local and international interest enhancing Dubai’s iconic status as a preferred place to live, work and visit, and serving the Dubai Plan 2021 of offering a full portfolio of value-added projects that ensure quality lifestyle for its nationals, residents and visitors alike. Marasi Business Bay has new and exciting public spaces at its heart, including the longest water-side promenade in the Emirate of Dubai, spanning almost 12 kilometers. Presenting a destination rich with wonders waiting to be discovered onshore and offshore, The Marina will feature five palm tree-lined marinas with 1250 berths, alongside more than 100 floating retail and F&B outlets, an assortment of onshore boutique shopping, leisure and entertainment facilities as well as a range of local and international businesses. “The unique destination concept and central Creek-side location is set to be a major attraction for top regional and international retail brands and restaurant concepts looking to become part of this new dimension of waterfront life. DPG remains committed to embarking on a new journey with our retail and F&B partners to provide the best-in-class for retail real estate in one of the most iconic locations in Dubai,” Lahej added. The Park, also part of Phase 1, is comprised of a sprawling 50,000 square meter area, including 16 parks with water features, play areas, and interactive furniture, as well as an events space with an amphitheater, outdoor cinema and weekly markets, complementing the waterfront promenade area at Marasi Business Bay while the lush green surroundings encourage an active and healthy lifestyle for families looking for the ultimate leisure destination. Set to become a major future landmark in Dubai, Marasi Business Bay has direct connectivity to the city’s main transport arteries – Sheikh Zayed Road and Al Khail Road – and it is located within 550 metres from Downtown Dubai.