The waterfront space located in the heart of Dubai is a central location that has been acquired by Omniyat, a developer with a focus on super-luxury properties. This acquisition marks the first time that Omniyat will apply its architectural expertise and elevated lifestyle offerings to a multi-faceted waterfront destination. The location currently hosts The Lana, a hotel and residential project operated by the Dorchester Collection and designed in partnership with Foster + Partners, as well as VELA, Dorchester Collection, Dubai, featuring 38 exclusive waterfront residences. Through their commitment to craft, excellence, and attention to detail, Omniyat aims to reimagine Marasi Bay and create an incomparable ecosystem for global citizens seeking unmatched uber luxury lifestyle and experiences. This philosophy reflects Omniyat's vision of empowering lifestyles by merging ultra-luxury with curated living. The Lana Residences in Marasi Bay are set to be handed over in Q4 2023, and further details about the master plan for Marasi Bay will be revealed in due course.