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Real Estate Investment in Dubai
In the past few years, the real estate investment market in Dubai has grown faster than any other real estate investment market in the world. The lands of Dubai ar... Read more
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offers a comprehensive range of Dubai investment properties in Dubai. Investment properties are now available with 100% freehold status in areas such as Dubai Marina, Dubai l... Read more
Dubai Maritime City is part of Dubai's Ports Customs and Free Zone Corporation (PCFC), and is linked to Dubai Ports Authority, Jebel Ali Free Zone Authority, Nakheel, Dubai Customs, and several other business units. PCFC is headed by Sultan Ahmed Bin Sulayem, Executive Chairman.
DMC will be a 195-hectare manmade peninsula, and will create an iconic, multidimensional maritime center providing a unique world-class environment for the global maritime community.
The first development of its kind, DMC will provide a hub for six large and diverse sectors: marine marketing, management, services, recreation, education, ship design and manufacture. Every element of infrastructure required by these sectors will be provided. At present reclamation work for DMC is being carried out and the Master Plan is being finalized. The project will be developed in phases.
Four distinct areas are planned within Dubai Maritime City. The commercial area will include a harbor, offices, banks, hotels, showrooms, support services, restaurants and leisure areas and a flexible exhibition site. DMC will support the iconic waterfront properties in Dubai such as the Palm Islands, and The World by providing berthing for yachts, a maritime mall and repair and maintenance facilities. The leisure area will provide recreational facilities and retail outlets. There will be a dedicated section for repair and maintenance with a dockyard, ship lifts, state of the art equipment, warehouses and workshops. Maritime education, research and development facilities will be located in the academy area. Reclamation for DMC will be complete in 2005. The facility will be ready by end 2006.