Port Rashid
Port Rashid in Dubai is to be re-developed by Nakheel to create a mixed-use urban waterfront which will generate jobs, attract tourism and help drive economic growth for Dubai and the UAE.
When it officially opened in 1972, Port Rashid, or Mina' Rashid, put Dubai firmly on the maritime map, radically increasing trade. Given the change in the market, port dynamics, and the rise of Jebel Ali Port (one of the world's largest ports, and the largest between Rotterdam and Singapore), Port Rashid will be redeveloped. Plans are underway which involve the expansion of the existing Port Rashid land area through land reclamation.
Redevelopment plans are underway, which involve the expansion of the existing Port Rashid land area through land reclamation. The proposed development is a vibrant mixed use urban waterfront set in Port Rashid's strategic waterside location and proximity adjacent to Bur Dubai. The estimated residential population will be 200,000.
The project area is expected to cover approximately 730 hectares, with 500 hectares of this land being reclaimed. Integral to the development will be Port Rashid's continued operation as the main port in Dubai for tourist and cruise vessels. Most general and non-containerised cargo handling operations are being transferred to Jebel Ali Port as a result of increased customer demand for its state-of the art facilities.
Nakheel will draw on its unrivalled expertise as a global pioneer in waterfront developments in its work at Port Rashid. In accordance with Nakheel's sustainability commitment, innovative design and planning will ensure the Port is developed responsibly, and any adverse environmental impacts are minimised.
Port Rashid: key facts
· The cargo port at Port Rashid is being decommissioned as of August 2008
· The existing tourist and cruise vessel port will be integral to the redevelopment
· Sales launch for Phase 1 plots to take place in first half of 2008
· Expected residential population: 200,000
· Expected day time population: 372,000
· Size of development: approximately 730 hectares including 500 hectares of reclaimed land
· Once build out, it is estimated that the development will comprise of 22 million square meters of commercial, mixed use and residential development
· Estimated completion date: Phase 1 plots anticipated to be ready by late 2009. Reclamation and marine works for the new land area anticipated to be completed within 3-5 years of the project's announcement (Jan 2008)
When it officially opened in 1972, Port Rashid, or Mina' Rashid, put Dubai firmly on the maritime map, radically increasing trade. Given the change in the market, port dynamics, and the rise of Jebel Ali Port (one of the world's largest ports, and the largest between Rotterdam and Singapore), Port Rashid will be redeveloped. Plans are underway which involve the expansion of the existing Port Rashid land area through land reclamation.
Redevelopment plans are underway, which involve the expansion of the existing Port Rashid land area through land reclamation. The proposed development is a vibrant mixed use urban waterfront set in Port Rashid's strategic waterside location and proximity adjacent to Bur Dubai. The estimated residential population will be 200,000.
The project area is expected to cover approximately 730 hectares, with 500 hectares of this land being reclaimed. Integral to the development will be Port Rashid's continued operation as the main port in Dubai for tourist and cruise vessels. Most general and non-containerised cargo handling operations are being transferred to Jebel Ali Port as a result of increased customer demand for its state-of the art facilities.
Nakheel will draw on its unrivalled expertise as a global pioneer in waterfront developments in its work at Port Rashid. In accordance with Nakheel's sustainability commitment, innovative design and planning will ensure the Port is developed responsibly, and any adverse environmental impacts are minimised.
Port Rashid: key facts
· The cargo port at Port Rashid is being decommissioned as of August 2008
· The existing tourist and cruise vessel port will be integral to the redevelopment
· Sales launch for Phase 1 plots to take place in first half of 2008
· Expected residential population: 200,000
· Expected day time population: 372,000
· Size of development: approximately 730 hectares including 500 hectares of reclaimed land
· Once build out, it is estimated that the development will comprise of 22 million square meters of commercial, mixed use and residential development
· Estimated completion date: Phase 1 plots anticipated to be ready by late 2009. Reclamation and marine works for the new land area anticipated to be completed within 3-5 years of the project's announcement (Jan 2008)
Email This Developer
To:
NAKHEEL - UAE
Advertisement
