DP awards contract for "floating homes" project

As part of its Marasi Business Bay project, the company will embark on phase 1 which will see the building of 10 water homes, two restaurants and a yacht club at the site

Marasi Business Bay project.
Marasi Business Bay project.

Dubai Properties has awarded a contract to Finnish company Admares to build "floating" water homes on the banks of the Dubai Canal in Business Bay.

As part of its Marasi Business Bay project, the company will embark on phase 1 which will see the building of 10 water homes, two restaurants and a yacht club at the site, The National reported.

The homes, which will be designed and built in Finland then shipped to the UAE, will give the appearance that they are floating, but will be anchored to the canal base.

Construction of the first units of the Marasi Business Bay project started in October 2016. Finnish interior design studio Kudos and Sigge Architects have worked on the fit-outs.

Mikael Hedberg, the chief executive of Admares. Said: "Our objective is to create unique, innovative and environmentally friendly real estate products, utilising ground breaking, multi-disciplinary off-site construction technology.”

Marasi Business Bay was launched in May last year and is expected to take between five and seven years to complete.

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