The launch marks the completion of phase 1 of the master developer's mixed-use development, Marasi Business Bay.
The launch marks the completion of phase 1 of the master developer's mixed-use development.
Dubai Properties has appointed ART Marine as the exclusive operator of Marasi Marina.
The deal mandates ART Marine with managing the premises, inclusive of its water and onshore areas as well as other ancillary marina facilities.
Opening in time for the 2018 yachting season, the Marasi Marina was built in 90 days comprises 8 piers that can accommodate vessels up to 35 metres in length.
The marina is located at Marasi Drive. Adjacent to the Marasi Water Homes, Marasi Marina also boasts the newly opened Park House, the first onshore dining facility.
With phase 1 complete, Dubai Properties will add residential complexes, including the 49-story tower of Riverside, public parks and 4 more marinas along the canal.
Raed Al Nuaimi, the Group CEO of Dubai Properties, said: "Marasi Marina offers a picturesque backdrop to the much-anticipated waterfront living community that is taking shape in the middle of Business Bay."
Bruno Meier, chief operating officer at ART Marine, said: "With the addition of Marasi Marina in Business Bay, we write the next chapter of growth for ART Marine, further expanding our portfolio of 9 existing marinas in the Arab region."
- business@khaleejtimes.com