Finnish-owned Admares has been awarded phase one 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 renowned destinations across the Emirate, and is destined to become a major landmark in Dubai.
The Admares scope of work will include ten 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.
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.
Also on offer will be restaurants, leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths, alongside more than floating retail and food outlets, an assortment of onshore boutique shopping, leisure and entertainment facilities as well as a range of local and international businesses.
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.
Admares 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.
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 quarter three of this year.
“Our objective is to create unique, innovative and environmentally friendly real estate products, utilising ground breaking, multi-disciplinary off-site construction technology,” said Admares chief executive 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.”