The Sh5 billion boating facility, whose construction kicked off in October 2009, was at first scheduled for completion in December 2012 but that did not occur due to challenges in construction on the sea-front.
The developer Alnoor Kanji recently said that the challenges faced when putting up the facility on the sea-front had been overcome and that the project awaited supplies for finishing.
“The first owners will move in by May 2014. We want them to move into a complete structure and not a construction site,” Mr Kanji said.
Located on a four acre beach front site with full access to the English Point creek, the marina will have the capability to accommodate six yachts up to 30m out of a total of 88 berths. The yacht berths are on a floating pontoon marina and will range in size from 6m to 30m.
English Point Marina will offer various facilities such as 96 apartments, 8 penthouses and a 26-room hotel that will be operated by the developers.
English Point Marina apartments are designed by Britain’s multi award winning architects Broadway Malyan.
The off-plan prices of the apartment ranged between Sh33 million and Sh50 million, while penthouses were sold for Sh150 million each.
The prices have since gone up by about 20 per cent since the groundbreaking of the project – with the same units now selling for between Sh40 million and Sh75million. The penthouses are today priced at Sh175 million each.
So far, 30 apartments and four penthouses have been sold.