Admares has started work on phase 1 of $272m Marasi
Finland-based Admares has said it will transport the first “floating” homes and restaurants in Marasi Business Bay project on Dubai Water Canal by year-end.
In May 2016, Dubai Properties Group, a subsidiary of Dubai Holding, launched the $272 million (AED1 billion) project comprising a 12-kilometre promenade, water homes, floating restaurants and five palm tree-lined marinas.
Admares said it commenced production on the project’s phase 1, consisting of 10 water homes, two restaurants and a yacht club, in Finland in October 2016. The homes will be transported by sea to Dubai by end of...Read more...