Finnish-owned Admares said it has been awarded the first phase of Marasi Business Bay, a new waterfront destination featuring the UAE's first purpose-built yachting destination with floating restaurants and a range of leisure and entertainment facilities, in Dubai.
Being developed by Dubai Properties, a leading real estate group, the project will boast of the country's longest waterfront promenade and also the UAE’s first-ever homes on water with pedestrian and boat access, besides leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths, alongside floating retail and food and beverages (F&B) outlets, an assortment of onshore boutique shopping and entertainment facilities and an exclusive yacht club.
Admares said its scope of work will include 10 water homes, two restaurants and an exclusive yacht club, all of which are state-of-the-art floating buildings.
These unique 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 construction of floating real estate, it stated.
The unique floating architectural structure will be manufactured in Finland and floated to Dubai, and is set to become a major future landmark for the already iconic cityscape of Dubai, it added.
Located on the Dubai Water Canal, Marasi Business Bay is set to become a major future landmark in Dubai – an unprecedented unique waterside destination concept in the UAE and the Middle East.
The development’s main architectural feature will be the homes on water designed and manufactured by Admares in Finland. A forward-thinking innovation in residential development, each home will enjoy exclusive boat access and unrivalled views of the surrounding Dubai Water Canal.
On the contract win, Admares CEO Mikael Hedberg, said: "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."
"Our objective is to create unique, innovative and eco-friendly real estate products, utilising ground breaking, multi-disciplinary off-site construction technology," remarked Hedberg.
Admares, he stated, 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 company’s unique design-build floating buildings combine cutting-edge marine and construction technology providing unique real estate opportunities, he added.
Admares has 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.
Dubai Properties Group CEO Abdulla M. Lahej said: "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. Their use of innovative technologies and unique construction techniques to deliver this type of pioneering structures will ensure that these unique homes on water, and the surrounding promenade, parks and marina, will be one of the most sought after residential destinations in the city," remarked Lahej.
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. The city’s next iconic destination, visitors to Marasi Business Bay will enjoy a new active, urban lifestyle in the heart of Dubai.
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