'Canal system benefits Dubai realty'

03.12.2014
The expansion of the canal system adds to the opportunities to cruise along protected waterways, which has proven to be an attractive factor for boat-owners in Dubai. It’s not just waterfront properties in Dubai that are riding the wave of higher demand. The extension of the Canal works — already visible in key stretches of the city — has been providing a welcome lift for yacht sales as well, Gulf News reported.
“The expansion of the canal system adds to the opportunities to cruise along protected waterways and that’s brought on quite a sizable boost in demand for boats,” said Erwin Bamps, CEO of Gulf Craft. “Not everyone who owns a boat wants to head out into the high seas — many would instead prefer to enjoy their boating without being exposed to the elements. For them, the pleasure comes from owning and spending time on their boats... and not act at being ‘heroes’."
“That’s exactly what the canal works in Dubai would help with — give boat owners more “real estate” on the water, by creating a lot more of shoreline — both inland and outland."
“So, with developers creating waterside attractions for residential, retail, entertainment, that automatically brings in boat owners in their wake. You have people asking themselves ‘Why don’t I spend the weekend on water?”. These days, since the Canal works became more visible, more are asking those questions."

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