The vice president and prime minister of the United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al Maktoum, who is also Emir of Dubai, has unveiled plans for a new luxury waterfront project in Dubai.
The new development, named Dubai Harbour, will be built on King Salman bin Abdulaziz Al Saud Street in the area between Jumeirah Beach Residence and Palm Jumeirah.
It will cover an area of 20M sq ft, featuring a 1,400-berth marina to be the biggest in the Middle East and North Africa region. The marina will expand Dubai’s yacht capacity by 50% from the existing capacity of 3,000 berths and will have the capacity to accommodate large yachts up to 85m in length.
The property will also comprise a 150,000 sq ft cruise liner terminal, a 3.5M sq ft shopping mall, an events arena, luxurious residential buildings, hotels, offices, retail stores, public services, restaurants, cafes and the 135m-high Dubai Lighthouse.
"‘Dubai Harbour’ creates a venue for new investments that support our vision for this important sector and promises to further accelerate the expansion of the tourism industry in the UAE, which is already growing rapidly. I am confident that the project will have a highly positive impact on our entire region’s tourism sector,” Al Maktoum said.
The multi-phased project will be developed by Dubai-based holding company Meraas, and is expected to be completed in four years.