Luxury developer transitions from curating single project communities to master-planning entire site
Developer Omniyat has announced the acquisition of Marasi Bay Marina from Business Bay LLC, with plans to transform it into a multi-faceted, waterfront destination.
The purchase is said to be the first of its kind for Omniyat, and will see it pioneer a move from the lifestyle curation of single project communities to developing an entire luxury enclave.
Mahdi Amjad, Founder and Executive Chairman, Omniyat said, “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. Through our commitment to craft, excellence, and attention to detail, we’re reimagining Marasi Bay. Our vision is to curate and create an incomparable ecosystem for global citizens seeking unmatched uber luxury lifestyle and experiences. These ambitions deeply reflect Omniyat’s philosophy of empowering lifestyles by merging ultra-luxury with curated living, further contributing to the economic, aesthetic and cultural footprint of the city.”
The waterfront space is centrally located in the heart of Dubai and is the current location of Omniyat’s first project on the bay, The Lana – a distinctive hotel and residential offering operated by the Dorchester Collection, and designed in partnership with Foster + Partners.