Dubai Canal will soon have 'floating' homes
The contract for work on the first phase of Marasi Business Bay project on Dubai Canal has been awarded to Finnish company, Admares. The firm, who specialise in constructing floating structures, will build 10 floating water homes, two restaurants and a yacht club.
This is all part of a spectacular new destination at Dubai Canal. Marasi Business Bay will be a low rise 250,000 square metre development with a 12 kilometre promenade, palm trees and marinas.
The villas, which will be part of the first stage of development, will actually be fixed to the canal base and give the appearance that they are floating. The homes will be built in Finland and transported to the UAE to take their place. According to Dubai Properties, these will be the first homes in the UAE to have both pedestrian and boat access.
“Our objective is to create unique, innovative and environmentally friendly real estate products, utilising groundbreaking, multidisciplinary off-site construction technology,” said Mikael Hedberg, CEO of Admares.
These water homes will be near ‘floating restaurants’, which are sure to make the area one of Dubai’s major landmarks. On-shore there will be boutique shops and entertainment facilities.
It’s estimated that the project will cost AED1 billion to complete.