Marasi Business Bay Promenade to open next month
Dubai Properties has unveiled details of Marasi Business Bay Promenade, a $272m waterfront development that will open alongside Dubai Water Canal in November 2016
Dubai Properties (DP) has unveiled details of Marasi Business Bay Promenade, a $272m (AED1bn) waterfront development that is under construction in Dubai.
The opening of Marasi Business Bay Promenade has been slated for November 2016 to coincide with that of the Roads and Transport Authority’s (RTA) $545m (AED2bn) Dubai Water Canal.
So far, DP has completed more than 10km of the 12km-long promenade and its surrounding infrastructure, including the paving of open areas.
Commenting on the project, Abdulla M Lahej, chief executive officer of Dubai Properties (DP), said: “The Business Bay landscape will be redefined with the opening of Marasi Business Bay Promenade and Dubai Water Canal.
“Visitors and residents in this area, which has been known more for its commercial activities, will now have a unique venue ion the heart of the city where they can enjoy a new active urban lifestyle at the city’s next iconic fitness and leisure destination.
“The AED1bn [$272m] 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,” he added.
Ultimately, the promenade will form part of Marasi Business Bay, which is being developed by DP at a cost of approximately $272m (AED1bn).
The master-planned community, which is on course to complete by 2023, will be divided into three themed areas: The Marina, The Park, and The Pier.
Phase 1 of the wider Marasi Business Bay development, which will include The Marina and The Park, will be delivered in Q4 2017, according to DP.