The opening ceremony for Dubai Marina took place on October 17, 2000. AFP
The opening ceremony for Dubai Marina took place on October 17, 2000. AFP
The opening ceremony for Dubai Marina took place on October 17, 2000. AFP
The opening ceremony for Dubai Marina took place on October 17, 2000. AFP

Timeframe: When Dubai Marina was launched 25 years ago


Faisal Al Zaabi
  • English
  • Arabic

Dubai Marina is a gleaming waterfront lined with yachts, glass towers and palm-shaded promenades. The district has long embodied the city’s vision of modern coastal living. Yet, a quarter of a century ago, none of it existed.

On October 17, 2000, officials gathered on a patch of empty desert to mark the start of construction on Dubai Marina – a multibillion-dirham project that would redefine the skyline and become one of the emirate’s most recognisable neighbourhoods.

Inspired by Vancouver’s False Creek, developer Emaar set out to create one of the Middle East’s first large-scale waterfront communities. More than two decades later, that vision has evolved into a dense urban hub of more than 200 towers and a population of about 120,000 residents. stretching along a 3km canal.

Dubai Marina today is both a residential enclave and a tourist magnet. Its retail and leisure mix remains a major draw – from Dubai Marina Mall and the bustling Marina Walk to The Beach and The Walk at Jumeirah Beach Residence. Visitors can take dhow cruises through the waterways at sunset or glide above the promenade on XLine, the world’s longest urban zip line. Restaurants, beach clubs and cinemas add to the area’s cosmopolitan energy, particularly during the cooler months.

While the skyline appears complete, development has not stopped. Emaar’s Marina Cove is among several off-plan projects under way in 2025, adding another wave of waterfront apartments and branded residences. Other luxury launches, such as Six Senses Residences and LIV Marina, continue to push the area further upmarket.

Dubai Marina continues to evolve as a model for mixed-use urban living. The district has seen a steady shift towards sustainability and smarter design, with newer towers incorporating energy-efficient systems, electric vehicle charging stations and enhanced pedestrian access.

Bluewaters Island is a popular destination near Dubai Marina. Courtesy Caesars Palace
Bluewaters Island is a popular destination near Dubai Marina. Courtesy Caesars Palace

Community initiatives, from pop-up markets to outdoor fitness events, have helped transform the area from a high-rise enclave into a lively neighbourhood with a strong sense of connection between residents, visitors and the waterfront.

Transport and infrastructure have kept pace with growth. The Dubai Tram and nearby metro stations at DMCC and Sobha Realty ensure easy access to the rest of the city, while proximity to Palm Jumeirah and Bluewaters Island keeps the district connected to new attractions.

Now, 25 years after breaking ground, Dubai Marina remains a work in progress – an ever-evolving landmark that reflects the emirate’s continuing ambition. What began as a bold idea on a barren shoreline has become one of Dubai’s defining achievements, where the desert truly meets the sea.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

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Updated: October 17, 2025, 6:01 PM