A12-km-long promenade at Marassi Business Bay will be launched this month (November), coinciding with the opening of the Dubai Water Canal.

The promenade will offer wide options for entertainment, leisure, retail and an active lifestyle and more than 10 km of the iconic 12-km promenade and surrounding infrastructure has been completed to date. 

The Dh1-billion ($272 million) Marassi Business Bay is being built by Dubai Properties (DP) and is billed as the region’s first-ever purpose-built yachting destination. 

Located along the water canal on the extension to the Dubai Creek, the destination is divided into three areas – The Marina, The Park and The Pier.

The mixed-use destination is on schedule to be completed by 2023. Phase One, comprising The Marina and The Park, is on schedule for delivery in the fourth quarter of 2017. Also as part of Phase One, the UAE’s first-ever water-homes, which are being built on water with pedestrian and boat access, are under construction.

The 50,000-sq-m Park area will include 16 parks, as well as an events space with an amphitheatre, outdoor cinema and weekly markets.

The Marina will feature five marinas with 1,250 berths, more than 100 floating retail and food and beverage outlets, onshore boutique shopping, leisure and entertainment facilities as well as local and international businesses.