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Easy access to the beach, a bustling promenade with eating joints and fashion outlets, good public transport facilities – Dubai Marina continues to tick most of the right boxes as one of the most desirable residential addresses and commercial districts in Dubai.
Its rapid growth has prompted a number of commercial developments in the area. Dubai Marina will undergo further facelift with a number of new hotels being launched in the next couple of years.
Already home to the tallest residential building in the world, Dubai Marina will soon have the world's tallest hotel. Marina 101 Hotel and Residence is set to open by the end of this year. The 432-meter skyscraper will be 77 meters taller than the JW Marriott Marquis Dubai, which is currently the tallest hotel in the world.
Many other leading hotel brands are coming up in Dubai Marina, riding on its proximity to some of the city's leading industrial hubs like Jebel Ali and Dubai Internet City. The hotels are looking to garner revenue not only from the MICE (meetings, incentives, conferences, and exhibitions) segment but also from leisure tourism.
The area already connected to the Dubai Metro will be linked to the Al Sufouh tram service making it a convenient base for leisure tourists. The Bluewaters Island is a big ticket tourism project set to fuel more demand of commercial properties in Dubai Marina.
Situated off the Jumeirah Beach Residence coastline, the project will feature a promenade, a souq, a five-star hotel, residential properties, an amusement park and the world's largest Ferris wheel. This will definitely make Dubai Marina and the adjoining areas the ultimate amusement hub of Dubai.
• The tallest hotel in the world will be coming up in Dubai Marina
• The area will soon be connected with Al Sofouh tram services
• Bluewaters Island project set to increase commercial demand
Source: S. Dhar, Special to Properties
The writer is a freelancer