The Sh5 billion marina, which has been under construction since October 2009, was initially scheduled for completion in December 2012 but that did not happen due to difficulties in construction on the sea-front.
According to the developer Alnoor Kanji, the challenges faced when building the facility on the sea-front have been overcome and the project now awaits supplies for finishing.
“The first owners will move in by June. We want them to move into a complete structure and not a construction site,” Mr Kanji said.
The luxury facility will offer a range of facilities including 96 apartments, 8 penthouses and a 26-room hotel that will be operated by the developers.
“English Point is designed to attract cruising yachts, international boat races and water sports competitions such as wind-surfing and kite-surfing,” Mr Kanji said.
The facility is designed by UK’s multi award winning architects Broadway Malyan.
The off-plan prices of the marina apartment ranged from Sh33 million to Sh50 million, while penthouses cost Sh150 million each.
The prices have appreciated since the construction of the facility kicked off – with the same units selling for between Sh42.5 million and Sh82 million. The penthouses are now priced at Sh182 million each.