Update: Development to commence in Al Seef area of Dubai Creek
1.8KM creek strip to be developed by Meraas Holding for $544.5mn, due for completion in 2016
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HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved a development project for Dubai Creek near Bur Dubai’s Al Seef area.
Big Project ME had earlier reported this part of the creek would be nominated to qualify as a UN heritage site, after Najib Mohammed Saleh, head of the Planning and Research section at Dubai Municipality’s Planning Department, said, “we (Dubai Municipality are in talks with the UN to register the creekside in Old Dubai as a heritage site.”
Development will be undertaken across the 1.8KM plot, extending from Al Fahidi area, at a cost of $544.5 million. Meraas Holding will undertake the development, which is due for completion by the end of 2016, and is set to include the construction of a floating market, hotels, restaurants, art galleries and shops for Emirati handicrafts.
Sheikh Mohammed issued directives for close coordination among the project’s stakeholders to build the project as a new tourist attraction in Dubai.
“Let us work as one team to transform our city into a cultural hub that attracts creative artists,” he said. “I want Dubai to remain a melting pot for peace, harmony and love, a vibrant place for all.”
Saleh had earlier revealed the Dubai government’s plans for development across the traditional spots in the emirate, such as Al Fahidi, Al Ras and Shindaga areas, stating Dubai’s earliest beginnings were rooted in these localities, which continue to hold significance in the city.
“Al Fahidi remains the most important trading hub in the city,” Saleh said. “Even today, most trading activities take place there. Business is not only in the shopping malls.
