First phase of Marasi Business Bay to be delivered in Q4, 2017

DUBAI, 5th September, 2016 (WAM) — The Dubai Properties Group, DPG, has announced that the Marasi Business Bay development is on schedule to be completed by 2023, transforming the Business Bay promenade and marina as the city’s next waterfront landmark.

Marasi Business Bay is divided in to three themed main areas; The Marina, The Park and The Pier. Phase 1, comprising The Marina and The Park, is on schedule for delivery in the fourth quarter of 2017.

Abdulla M. Lahej, CEO of the DPG, said, “In line with the country’s vision for 2021 and beyond, this new floating lifestyle destination will play a key role in supporting the government to realise its vision of enhancing Dubai’s iconic status as the fourth most visited city in the world by reinvigorating the historic Dubai Creek and boosting tourism in the Business Bay area.”

“The unique destination concept and central Creek-side location is set to be a major attraction for top regional and international retail brands and restaurant concepts looking to become part of this new dimension of waterfront life. DPG remains committed to embarking on a new journey with our retail and F&B partners to provide the best-in-class for retail real estate in one of the most iconic locations in Dubai,” he added.