In September 2023, Gulf-based real estate development group OMNIYAT announced the acquisition of Business Bay Marina. The marina was previously owned by marina management company D-Marin, who will continue to oversee its day-to-day operations.
The marina is now known as Marasi Bay Marina. Marasi Bay accommodates 157 berths for vessels up to 35 meters in length. The rebrand of Marasi Bay is occasioned by the opening of The Lana Hotel, the first Dorchester Collection in the Middle East.