Finland-based Admares has been selected for phase 1 of the Marasi Business Bay development in Dubai.

The project, being developed by Dubai Properties, will feature ten water homes, two restaurants, and a yatch club. The floating buildings will be designed and manufactured in Finland and then floated to Dubai.

To be located on the Dubai Water Canal and at 550m from Downtown Dubai, Marasi Business Bay will have direct connectivity to the city’s main transport arteries — Sheikh Zayed Road and Al Khail Road.

Abdulla M. Lahej, Dubai Properties’ CEO, said: “As Marasi Business Bay weaves into the fabric of the city, and in line with the Dubai Plan 2021 to create a smart and sustainable city, ahead of the World Expo 2020, as a leading master-developer, we stay one step ahead by working with speed and efficiency to seamlessly create blueprints for success and deliver exceptional lifestyles, value and a lasting impact for the betterment of Dubai.

“We are pleased to partner with Finland’s Admares to develop the first-of-their-kind homes on water in DP’s Marasi Business Bay destination. Their use of innovative technologies and unique construction techniques to deliver this type of pioneering structures will ensure that these unique homes on water, and the surrounding promenade, parks and marina, will be one of the most sought after residential destinations in the city.”

Construction of the floating buildings started in October 2016. Their transportation by sea to Dubai will be carried out in Q3 2017.

The Marasi Business Bay area, according to Admares, will include the longest waterfront promenade in the Emirates and the UAE’s first-ever homes on water with pedestrian and boat access, as well as restaurants, leisure facilities and five palm tree-lined yacht marinas with approximately 700 berths.