Staff Report
Dubai, UAE
OMNIYAT, a leading developer, has announced the acquisition of Marasi Bay Marina from Business Bay LLC. This is a novel purchase for OMNIYAT and it envisions transforming the waterfront with luxury estates. Marasi Bay is home to the developer’s first project in this area, The Lana, which houses both hotel and residential units. The development is operated by the Dorchester Collection and designed in partnership with Foster + Partners. Lana residences will be ready for delivery in the last quarter of 2023. OMNIYAT also launched VELA, a residential community of 38 waterfront homes, last summer.
“The acquisition of Marasi Bay Marina is a statement moment for OMNIYAT. The unique characteristics of the location will allow us to craft an exclusive, conceptual lifestyle destination unseen in Dubai,” said Mahdi Amjad, Founder and Executive Chairman, OMNIYAT.
While the master plan for Marasi Bay is yet to be revealed, further details will be shared throughout the year.
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