Marina 101 is an under construction skyscraper in Dubai, United Arab Emirates, situated in the Dubai Marina district. Rising 425 m (1,394 ft) high with 101 stories, it is the second tallest tower in the United Arab Emirates, behind the famous Burj Khalifa and also 4th tallest residential tower in the world. Marina 101 is also the 31st tallest tower in the world as at 2021 November. Construction started in 2007, with completion earlier scheduled for 2014. The building remained incomplete after the main developer, Sheffield Holdings Limited was out of capital. The skyscraper was designed by National Engineering Bureau with construction done by Turkish conglomerate TAV Construction.
After completion, Marina 101 will become a coveted address in itself, with the wider Dubai Marina locality starts experiencing the boost in demand for luxury apartments. The first 33 floors of the building are designed to host a 5-star Hard Rock hotel with 281 rooms, while the upper floors from 34 to 100 will contain residential apartments. There will be 252 one-bedroom, 204 two-bedroom, and 42 three-bedroom apartments with 6 duplex penthouses starting from the 97th to the 100th floor. The 101st floor of the skyscraper will contain a Rock Shop merchandise store, club lounge and restaurant. The Marina 101 also will comprise of six levels of underground and five levels of podium parking for 665 vehicles.
Read also: The Likoni Cable Express Project Timeline.
Timeline
2006
Construction began in December.
2014
It was revealed that the hotel component in Marina 101 was to be operated by Hard Rock International under the brand Hard Rock Hotel Dubai Marina.
2018
Despite of amended handover in 2015, by 2018 the structure was still not completed. A Dubai Land Department report on February 2018 revealed that the scheme was ‘progressing at final phase. Excavation, shoring , foundation, substructure and superstructure works substantially done. The internal works was also at completion stage for residential floors. MEP was also progressing well at final stage and the external envelope works also at completion stage
2019.
The 10-store tower had stopped scheme work on issues associated with the developer’s debt burden, evaluated to be at Dh290 million plus or Dh400 million plus, depending on competing kinds. But when the scheme was halted, the Dh1 billion tower was at the 97.3 per cent mark.
June 2021
The hotel component which comprised of the lower 33 floors, was auctioned with a marked price of AED 271m but there were no takers.
November 2021
Finally, there was relief in sight for project owners at the Dh1 billion, 425 metre tall, 101-storey Marina 101 scheme. Work on the tower, which was stuck at just over the 97 per cent mark in 2019, was back in full swing. The contractor was given a maximum of 9 months deadline to complete the project. Different apartment owners of the multi-million dirham units at the Marina 101 had confirmed they are getting the positive feedback that the scheme is indeed heading for the finish line.
