Dubai- Dubai has announced that Dubai Harbour, a new tourist project, will be developed in four years by Meraas and will be spread over 20 million square foot — it will include a yacht port, shopping destinations, hotels and residential buildings and events arena.
Dubai Harbour will be located on a plot between Jumeirah Beach Residence and Palm Jumeirah off King Salman bin Abdulaziz Al Saud Street.
Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum launched Dubai Harbour on Monday and said: “We are delighted that this new project, which represents a unique and innovative new addition to the region’s tourism landscape, opens up a range of new opportunities to investors.
“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.”
Sheikh Mohammed noted that this project is inspired by the Gulf’s long maritime tradition, which has been inextricably linked to the evolution of trade and commerce in the region.
The 1,400-berth marina will increase Dubai’s capacity for handling yachts by almost 50 percent from the current 3,000 berths in the Emirate. It will also add the capacity to handle larger yachts of up to 85 meters in length.
In 2017, Dubai is expected to receive 650,000 maritime travelers, while 25.3 million passengers are expected to sail around the world, according to a report published recently by the Cruise Line International Association (CLIA).