Admares has been awarded phase 1 of the Marasi Business Bay development in Dubai. The Marasi Business Bay is being developed by Dubai Properties.
The Admares scope of work will include 10 water homes, 2 restaurants and an exclusive yacht club, all of which are floating buildings. The structures will be designed, managed and manufactured in Finland by Admares.
The Marasi Business Bay development will include the longest waterfront promenade in the Emirates and the UAE’s first-ever homes on water with pedestrian and boat access. There will also be restaurants, leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths, alongside floating retail and food and beverage outlets, shopping, leisure and entertainment facilities and a yacht club.
"Our objective is to create unique, innovative and environmentally friendly real estate products, utilising ground breaking, multi-disciplinary off-site construction technology,” said Admares CEO 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.”
Abdulla M Lahej, group CEO of Dubai Properties said: “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.”
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