Dubai Properties, a leading UAE-based real estate master developer and asset manager, has broken ground on the newest marina in Dubai at Marasi Business Bay.

The installation of the pontoons, which marked the occasion, took place in the presence of Abdulla Lahej, group CEO of Dubai Properties at the Marasi Business Bay Promenade.

Launched by Dubai Holding and Dubai Properties Group in May 2016, the Dh1-billion ($272 million) mixed-use Marasi Business Bay is well on track to becoming the city’s most sought-after waterfront destination.

It features unique water homes with pools and floating restaurants and is located along the city’s newest attraction - the Dubai Water Canal. Marasi Business Bay hosts the Park, the Pier and the Marina that will eventually comprise 800 berths in total, making it the region’s first purpose-built yachting hub.

Set for completion in the third quarter, Phase One of the marina will feature 157 berths varying in size from 8 to 35 m that are fitted out with all essential facilities for boat owners, including potable water, power supply, drainage and sewage in line with the highest international standards.

Speaking on the occasion, Lahej said: "Today marks a significant milestone in the development of Marasi Business Bay, which is testimony to our commitment of creating destinations that provide exceptional lifestyle experiences for residents and visitors alike - reinforcing Dubai’s position as a global tourism destination."

"The new marina at Marasi Business Bay will leverage latest advances in construction and engineering for its on-schedule completion, offering the city a new active urban lifestyle dimension and waterfront destination," he noted.

Billed to become the next tourist attraction, the Marasi Business Bay marina will be constructed using state-of-the-art Seaflex technology, making it one of the few marinas in the country to employ the innovative environment-friendly mooring solution. Seaflex provides secure moorings even under the worst weather conditions. The stable and secure self-regulating system elongates and retracts in a smooth, even movement according to the water levels.

The one-of-a-kind Marasi Business Bay marina will offer unobstructed breathtaking views of Dubai’s skyline. It is the only marina in the emirate to combine the natural elements of greenery and water, with lush palms and planters providing verdant foliage all along the boardwalk.

The city’s future landmark, Marasi Business Bay is at the heart of the extension of the Dubai Water Canal, an integral symbol that is central to the city’s history and identity. Marasi Business Bay offers ample parking making it an ideal destination for families and visitors.-TradeArabia News Service