Tuesday, August 09, 2005

Dubai Properties begins work on Dubai Creek

Dubai Properties has started work on the remapping of Dubai with the commencement of construction works on the extension of the famous Dubai Creek to up to Sheikh Zayed Road. The cost of the project in Phase I alone is USD 55 million and it will take 16 months to complete, said a top official of the real estate development company.

"The start of work on extending The Creek is a major turning point in the history of Dubai and the region. The New Creek promises the start of yet another prosperous era for the Gulf. It will not only add more life, value and prosperity to Dubai, but it will change Dubai's geography, as we now know it. Dubai, the desert of old will be fully transformed," said Hashim Al Dabal, CEO, Dubai Properties.

He pointed out that the first major phase of growth for Dubai was centered on the old Creek. "Dubai was propelled into the modern age with the dredging of the old Creek," Al Dabal stated.

Artist impression of New Dubai Creek.

"We are very excited at the prospect. We are now committed to creating in The Business Bay the latest business capital of the world and we shall succeed," he added.

The New Creek will be the centre point of The Business Bay and will replicate the success that Dubai witnessed with the old Creek. As the regional trading hub of Dubai mushroomed around the old Creek, so will the new business hub of the region develop and evolve around The New Creek.

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