Marasi Waterhomes

TL;DR

Marasi Waterhomes is the Middle East's first and only collection of luxury floating villas — 9 extraordinary residences moored on the Dubai Water Canal in Business Bay, developed by Dubai Properties as the centrepiece of the AED 1 billion Marasi Business Bay waterfront development. Manufactured in Finland by ADMARES and transported to Dubai, each floating villa features 2 to 4 bedrooms, a private infinity pool, private boat dock access, and an open-plan interior with Burj Khalifa and canal views. Completed in 2021, Marasi Waterhomes occupy a category of global real estate occupied by fewer than a dozen projects worldwide — representing the ultimate convergence of Dubai's architectural innovation, waterfront luxury, and urban centrality.

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Marasi Waterhomes — The World's First Luxury Floating Villas on the Dubai Water Canal

In a city that has invented artificial islands, indoor ski slopes, and 828-metre skyscrapers, it remains remarkable when a Dubai real estate development manages to be genuinely unprecedented. Marasi Waterhomes achieves this. There is no comparable collection of floating luxury residences in the Middle East. There are very few globally. And there is certainly none that combines floating-on-water architecture with a Business Bay address providing 5-minute walking access to the Burj Khalifa.

Marasi Waterhomes consists of exactly 9 floating villas — modular, precision-engineered structures manufactured by ADMARES in Rauma, Finland, then transported by sea to Dubai and moored permanently on the Dubai Water Canal within the Marasi Business Bay marina precinct. Each villa functions as a standalone freestanding residence: private entrance, private infinity pool, private deck, private boat dock, and fully independent interior living spaces — floating, silently, on the canal.

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Developer: Dubai Properties

Dubai Properties is one of the UAE's largest and most trusted real estate developers and asset managers, wholly owned by Dubai Holding. Their portfolio includes landmark Dubai projects such as Jumeirah Beach Residence (JBR), Business Bay's Marasi Business Bay master development, and dozens of other residential and mixed-use communities across the emirate.

The Marasi Business Bay project — of which the Waterhomes are the most exclusive component — represents a total investment of AED 1 billion in transforming the Dubai Water Canal's Business Bay frontage into a world-class marina and waterfront residential destination. The Waterhomes were conceived as the flagship product of this vision: a once-in-a-generation luxury residential typology that no other developer in the region has replicated.

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The Engineering Marvel: Manufactured in Finland, Floating in Dubai

The Marasi Waterhomes were not built in Dubai. They were engineered and manufactured in Rauma, Finland by ADMARES — one of the world's most advanced modular floating structure specialists with projects across Scandinavia, the USA, and the Arabian Gulf.

ADMARES constructs floating homes using high-strength structural steel hull systems combined with advanced marine-grade building materials designed to withstand saltwater and tropical humidity conditions. Each home was complete from interior to exterior before leaving Finland, then transported across 7,000 kilometres of ocean and towed into their permanent mooring positions on the Dubai Water Canal.

This engineering approach ensures:

• Precision construction quality matching European manufacturing standards throughout every millimetre of the structure
• Marine stability engineering providing a stable, vibration-free living experience despite the floating platform
• Environmental durability with materials specified to withstand the Dubai marine environment across a 50+ year structural lifetime
• Complete fit-out consistency — every interior finish, fixture, and system was installed in the controlled factory environment in Finland before shipping

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Location: Marasi Business Bay, Dubai Water Canal

The 9 Waterhomes are moored within the Marasi Business Bay marina precinct on the Dubai Water Canal — the artificial waterway that connects Business Bay's creek to the Arabian Gulf, running through the heart of the city.

Key proximity benchmarks from Marasi Waterhomes:

• Burj Khalifa: ~5 minutes walk / 2 minutes by boat on the canal
• Dubai Mall: ~5 minutes walk
• Downtown Dubai: ~5 minutes
• DIFC: ~8 minutes
• Business Bay commercial core: ~3 minutes
• Dubai Opera: ~5 minutes
• City Walk: ~10 minutes
• Dubai International Airport (DXB): ~15 minutes
• Dubai Marina: ~25 minutes

This is unquestionably one of the most centrally located residential addresses in Dubai. Residents of the Waterhomes can walk to the Burj Khalifa's base in approximately 5 minutes. The combination of waterfront living and Downtown proximity — occupying opposite ends of the lifestyle spectrum in most global cities — is unified at Marasi Business Bay.

Waterway access: The Dubai Water Canal provides direct navigable waterway connecting to the Arabian Gulf. Waterhomes owners with private boats can navigate from their mooring through the canal system to open water — a maritime lifestyle typically accessible only on Palm Jumeirah or Dubai Marina, now available at a Business Bay address.

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The Marasi Business Bay Master Development

The 9 Waterhomes sit within the broader Marasi Business Bay development — a 12km waterfront promenade spanning three themed zones:

The Yacht Club: 700+ yacht berths — one of the UAE's largest dedicated marina facilities — providing boat storage, maintenance, and services for Dubai's yachting community

The Park: Landscaped waterfront park with walking paths, cycling routes, children's play areas, and open green space

The Pier: Commercial and F&B hub with floating restaurants, waterfront cafés, boutique retail, and event spaces

Residents of the Waterhomes can walk along the 12km promenade, dine at floating restaurants, access the marina facilities, and enjoy one of Dubai's most scenic public waterways — all from their moored front door.

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Villa Specifications

Configuration:

• 9 floating villas total — 2-bedroom, 3-bedroom, and 4-bedroom configurations
• Each villa is a standalone floating structure with independent access

Key features in each villa:

• Private infinity-edge swimming pool — cantilevered over the canal surface, providing the visual sensation of infinity extending to the water beyond
• Private wrap-around deck — outdoor terrace surrounding the villa on all sides, providing panoramic 360-degree views of the canal, Burj Khalifa, and Business Bay skyline
• Private boat dock — dedicated mooring for owners with private watercraft
• Open-plan living and dining — maximizing the water views through floor-to-ceiling glazing
• Multiple bedroom suites with ensuite bathrooms and high-specification fitout
• Fully equipped kitchen with premium European appliances
• Smart home system managing lighting, climate, security, and access
• High-spec European interior finishes throughout — marble, hardwood, premium sanitaryware
• Spectacular views of the Burj Khalifa and Downtown Dubai skyline from every orientation

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Amenities and Community

• Shared pool facilities within the Marasi precinct
• Communal gym and fitness facilities
• Private garden and outdoor spaces
• Security and CCTV monitoring across the marina zone
• Covered parking (shore-side)
• Maintenance staff — dedicated for the Waterhomes' specialized marine maintenance requirements
• Access to the 12km waterfront promenade
• Proximity to the yacht berths and marina services
• Floating restaurant access within the marina precinct

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Investment Analysis: The World's Scarcest Dubai Residential Asset

With exactly 9 units in existence, Marasi Waterhomes represent one of the most genuinely scarce residential assets on earth. The investment thesis is built on scarcity above all other factors:

Absolute supply constraint: There are 9 Waterhomes. No more can be built in this location. No adjacent development can replicate the same combination of floating structure, canal position, and Burj Khalifa proximity. Each unit is unique.

Pricing:

• Secondary market values: AED 2,000,000 – AED 15,000,000+ depending on configuration and unit specifics
• The extraordinary price range reflects the unique nature of each villa and the scarcity premium commanded by the format

Rental income potential:

• Marasi Waterhomes generate exceptional short-term rental rates as a once-in-a-lifetime Dubai experience for international visitors
• STR nightly rates for the Waterhomes have been documented at premium multiples of comparable Downtown apartments
• Long-term lease demand from ultra-high-net-worth individuals and senior corporate executives further supports rental value

Freehold ownership: Marasi Waterhomes are freehold — available to all nationalities. All units at AED 2M+ qualify for UAE 10-Year Golden Visa.

Global comparators: Comparable floating luxury villa communities exist in Amsterdam, Stockholm, and a small number of US cities. None combine the engineering quality, the Downtown centrality, or the weather conditions that make Dubai's floating home lifestyle genuinely year-round enjoyable (outdoor deck use possible 9–10 months per year).

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Why Marasi Waterhomes Stands Out

1. The world's most exclusive Dubai address — 9 floating villas on the canal with Burj Khalifa views; a category of global real estate occupied by fewer than a handful of projects worldwide
2. Private infinity pool cantilevered over the canal — creates a visual and experiential statement that no land-based villa, however opulent, can replicate
3. Finnish ADMARES engineering — one of the world's most advanced marine structure specialists; quality manufactured under controlled factory conditions in Europe rather than UAE construction site standards
4. 5-minute walk to Burj Khalifa — the most famous building on earth is within walking distance; the combination of this centrality with waterfront floating living is architecturally impossible elsewhere on the planet
5. Private boat dock — maritime lifestyle access at a central Business Bay address
6. 12km Marasi waterfront promenade — Dubai's most scenic waterfront public space immediately accessible from the villa deck
7. 700+ berth yacht club — UAE's largest marina is the immediate neighbor of the Waterhomes
8. Complete supply impossibility — 9 units exist; no new supply can enter the market; scarcity is permanent and structural

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Summary Data Sheet

| Parameter | Detail | |---|---| | Developer | Dubai Properties | | Location | Marasi Business Bay, Dubai Water Canal | | Project Type | Floating Luxury Villas | | Total Units | 9 (exclusively) | | Unit Types | 2BR, 3BR, 4BR | | Manufacturer | ADMARES (Finland) | | Completion | Q1 2021 | | Key Feature | Private infinity pool + private boat dock | | Price Range | AED 2,000,000 – AED 15,000,000+ | | Burj Khalifa Distance | ~5 minutes walk | | Ownership | Freehold — all nationalities | | Golden Visa | Yes — all units exceed AED 2M | | Scarcity | 9 units total — no future supply possible |