New canal dis­trict will float your house­boat

7 Days in Dubai - - NEWS -

A new Dhs1 bil­lion devel­op­ment in Business Bay has been un­veiled fea­tur­ing canal­side liv­ing and float­ing homes. Dubai Hold­ing, through its real es­tate arm Dubai Prop­er­ties Group, yes­ter­day un­veiled the project, which features a prom­e­nade that will run for 12km. It will also fea­ture five mari­nas, restau­rants and wa­ter­front homes. The firm said the prom­e­nade would be com­pleted by Septem­ber, while the to­tal project would be built by 2023. Mo­ham­mad Ab­dulla Al Ger­gawi, Chair­man of Dubai Hold­ing, said: “The new project will strengthen the his­toric re­la­tion­ship be­tween Dubai and its Creek through the ad­di­tion of a new di­men­sion to the res­i­den­tial, tourism and leisure of­fer­ings along the Dubai Creek.” He said a sub­stan­tial part of the devel­op­ment is set for com­ple­tion by 2020. “The to­tal in­vest­ment cost ex­ceeds Dhs1 bil­lion, and will be self-fi­nanced in part­ner­ship with lo­cal fi­nan­cial in­sti­tu­tions,”he added.

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