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2016 November December Marina World

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The magazine for the marina industry

MARINA PLANNING & DESIGN

MARINA PLANNING & DESIGN Marasi Business Bay: “Major future landmark” Few cities can beat Dubai’s dynamic pace of development. With the Dubai Water Canal project fast taking shape and expected to be complete by the end of the year, Dubai Holdings has now unveiled plans for Marasi Business Bay, the first port of call along the canal. When complete, it will be a low-rise, sprawling mega-hub connecting the Dubai Water Canal to the Persian Gulf via the popular tourist spots of Safa Park and Jumeirah. The ambitious development includes plans for five marinas, lined with palm trees, to be built along the canal waterfront. The longest promenade in the United Arab Emirates (UAE), almost 12km (7.4 miles) long and up to 15m (49ft) wide, will be built to connect three main areas: a yacht club, park and pier. Marasi Bay will be home to luxury water homes, a myriad of retail options, floating restaurants and leisure facilities. Touted as Dubai’s “major future landmark”, it is expected to be the region’s first ever purposebuilt yachting destination. water features and a dedicated events space with amphitheatre, outdoor cinema and weekly markets. The first phase will also focus on construction of the park and yacht club, which includes development of the five marinas. These will have a total of 1,500 berths and offer onshore boutique shopping and a range of leisure facilities. There will be provisions for visiting boats, and permanent berths will be available for owners of both superyachts and smaller boats. No timeline has been confirmed for the completion of each phase, but the first is expected to be largely complete by the end of next year. All works are expected to be finished by 2023. Later phases will build what Dubai Holdings claims are the region’s first water homes, which will all have boat access. U+A Architects, an international design firm with offices in Canada and the UAE will build approximately 150 of these luxury homes, with sizes starting from 139m² (1,500ft²). To be managed by Dubai Properties, units will come in two- and three-bedroom options. A central location Located just a short walk from downtown Dubai and the central Sheikh Zayed road – home to most of the city’s skyscrapers – the bay is well-placed to welcome visiting boats. Local attractions include the Deira Twin Towers, the Dubai Creek Tower and Dubai Museum. Abdulla M Lahej, CEO of Dubai Properties, said: “The Business Bay landscape will be redefined with the opening of [the] promenade and Dubai Water Canal. “The AED1bn (US2 million) Marasi Business Bay mixed-use destination, as it weaves its way into the fabric of the city, will become synonymous with what Dubai has to offer ahead of the World Expo 2020, and in line with the Dubai Plan 2021, to create a smart and sustainable city with happy people.” CGIs of water homes and marina berths, as designed by international design firm U+A. Early completions Work is already well under way, with the construction and opening of the promenade set to complete by the end of the year, as part of the first phase. Set to be significantly longer than the promenade offered at Dubai Marina, it will feature a range of local and international businesses. Around 250,000m² (28,997yd²) of open space will include parks and the waterfront. It will be lined by over 100 shops and outlets and the overall park area will be divided into 16 separate parks, boasting 40 www.marinaworld.com - November/December 2016

Marina insurance protection. Markel's marina policies are tailored for you To find out how ask your broker See you in November at ICOMIA 2016 marine.trades@markelintl.com www.markelinternational.com

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