{"id":14188,"date":"2016-05-24T20:05:48","date_gmt":"2016-05-24T13:05:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=14188"},"modified":"2016-05-24T18:29:04","modified_gmt":"2016-05-24T11:29:04","slug":"dubai-properties-launches-dh1-billion-marasi-business-bay-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-properties-launches-dh1-billion-marasi-business-bay-project\/","title":{"rendered":"Dubai Properties launches Dh1 billion Marasi Business Bay project"},"content":{"rendered":"


\nDubai Properties Group has announced the launch of a Dh1 billion project along the banks of the Dubai Canal in Business Bay that will see five new marinas, up to 150 water homes and more than 100 shops and outlets, as well as a park and a number of floating restaurants.The project, known as Marasi Business Bay, has already begun on site with a contractor already building 6km-wide stretch of walkway along the 12km route which will house three distinct areas known as The Yacht Club, The Park and The Pier. This will eventually be extended to 15km in width to allow for the addition of retail and restaurant units. In total, the scheme’s five marinas will have a capacity to house 1,250 boats. The scheme will also feature floating restaurants where customers can hire a chef and a captain to take their own restaurant out onto the water.Fadel Al Ali, the chief executive of Dubai Holding, said that the project would be developed over a five- to seven-year period and could contain up to 150 water homes, which are not floating homes but will be permanently secured to the canal basin. He declined to say how much these units would sell for, but said that they would be at the “high end” of the market.Mr Al Ali added that Dubai Holding’s principal property arm, Dubai Properties, has a portfolio of completed projects worth Dh5bn, comprising around 35,000 homes. About 15,000 of these had been sold, and a further 15,000 were in its rental portfolio, with the remaining 5,000 being specialist units such as worker accommodation.He said: “Harnessing the excellence and track record of Dubai Properties and innovation that runs across the Group, Marasi Business Bay is being developed with the aim of boosting the tourism industry in Dubai, and will reinforce Dubai’s position as a global tourism destination.”mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Dubai Properties launches Dh1 billion Marasi Business Bay project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai Properties Group has announced the launch of a Dh1 billion project along the banks...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14188","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3GQ","jetpack-related-posts":[{"id":14198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/water-homes-and-floating-restaurants-dubai-properties-launches-dh1bn-marasi-business-bay\/","url_meta":{"origin":14188,"position":0},"title":"Water homes and floating restaurants: Dubai Properties launches Dh1bn Marasi Business Bay","date":"May 24, 2016","format":false,"excerpt":"\r The Dubai Properties Group has announced the launch of a Dh1 billion project along the banks of the Dubai Canal in Business Bay, which will have five new mar\u00adinas, up to 150 \"water homes\" and more than 100 shops and outlets, as well as a park and a number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/floating-homes-among-to-be-built-in-phase-one-of-marasi-business-bay-in-dubai\/","url_meta":{"origin":14188,"position":1},"title":"'Floating homes' among to be built in phase one of Marasi Business Bay in Dubai","date":"January 26, 2017","format":false,"excerpt":"\r Dubai Properties has awarded a contract for work on the first phase of its Marasi Business Bay project on Dubai Canal.The company has appointed Finnish company Admares to build 10 \"floating\" water homes, two restaurants and a yacht club at the site, which will also contain 12 kilometres worth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/WYNQZDxrEeQ\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/floating-homes-to-be-built-in-phase-one-of-marasi-business-bay-on-dubai-canal\/","url_meta":{"origin":14188,"position":2},"title":"'Floating homes' to be built in phase one of Marasi Business Bay on Dubai Canal","date":"January 26, 2017","format":false,"excerpt":"\r Dubai Properties has awarded a contract for work on the first phase of its Marasi Business Bay project on Dubai Canal.The company has appointed Finnish company Admares to build 10 \"floating\" water homes, two restaurants and a yacht club at the site, which will also contain 12 kilometres worth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/WYNQZDxrEeQ\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-canal-project-offers-new-pathways-of-prosperity\/","url_meta":{"origin":14188,"position":3},"title":"Dubai Canal project offers new pathways of prosperity","date":"June 30, 2016","format":false,"excerpt":"\r The completion of the Dubai Canal project over the next few months could help to transform the city by opening a waterway, currently stranded in Business Bay, for leisure use and by creating swathes of valuable new real estate.The 3.2-kilometre extension of Dubai Canal from Business Bay to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-set-to-get-first-floating-homes-restaurants-by-year-end\/","url_meta":{"origin":14188,"position":4},"title":"Dubai set to get first 'floating' homes, restaurants by year-end","date":"January 26, 2017","format":false,"excerpt":"\r Admares has started work on phase 1 of $272m Marasi Business Bay\r \r Source : arabianbusiness.com\r Read more...Dubai set to get first 'floating' homes, restaurants by year-end","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-properties-business-bay-promenade-to-complete-next-month\/","url_meta":{"origin":14188,"position":5},"title":"Dubai Properties' Business Bay promenade 'to complete next month'","date":"October 16, 2016","format":false,"excerpt":"\r $272m Marasi Business Bay scheme also comprises \u2018water homes\u2019, shops, parks\r \r Source : arabianbusiness.com\r Read more...Dubai Properties' Business Bay promenade 'to complete next month'","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14188"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14188"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}