• DUBAI HOUSE PRICE INDEX
    FEBRUARY 2019
  •   -0.9%
    Monthly Change
  •   -1.1%
    Annual Change
  • Al Furjan
  •   -1.1%
    Annual Change
  • Arabian Ranches
  •   -1.2%
    Annual Change
  • Barsha Heights (TECOM)
  •   -0.2%
    Annual Change
  • Business Bay
  •   -0.1%
    Annual Change
  • Discovery Gardens
  •   +0.2%
    Annual Change
  • Downtown Burj Khalifa
  •   -0.6%
    Annual Change
  • DIFC
  •   -0.9%
    Annual Change
  • Dubai Festival City
  •   -0.7%
    Annual Change
  • Dubai Investments Park
  •   -1.4%
    Annual Change
  • Dubai Land
  •   -0.9%
    Annual Change
  • Dubai Marina
  •   +0.1%
    Annual Change
  • Dubai Sports City
  •   -0.9%
    Annual Change
  • Dubai Silicon Oasis
  •   -1.1%
    Annual Change
  • Emirates Living
  •   +0.3%
    Annual Change
  • IMPZ
  •   -0.3%
    Annual Change
  • International City
  •   +0.2%
    Annual Change
  • Jumeirah Islands
  •   +0.3%
    Annual Change
  • Jumeirah Park
  •   -0.3%
    Annual Change
  • Jumeirah Lakes Towers
  •   -0.7%
    Annual Change
  • Jumeirah Beach Residence
  •   -0.2%
    Annual Change
  • Jumeirah Village Circle
  •   -0.3%
    Annual Change
  • Jumeirah Golf Estates
  •   -0.5%
    Annual Change
  • Motor City
  •   -0.7%
    Annual Change
  • Palm Jumeirah
  •   -0.9%
    Annual Change

Port Rashid

About Port Rashid

Port Rashid, also referred to as Mina Rashid, is a man made, commercial port in Dubai, United Arab Emirates. Named after Sheikh Rashid bin Saeed Al Maktoum, the port opened in 1972. At the time the port only had two gantry cranes and a capacity of less than 100,000 TEUs. In 1978, the port was expanded to include 35 berths (five of which were able to be used by the largest container ships at the time). Today, the port [which has a depth of 13 metres (43 ft)] has 9 gantry cranes and a capacity of 1,500,000 TEUs. Today, Port Rashid provides berths for general cargo, RoRo and passenger vessels. In the early 1980s, Port Rashid was supplemented by Port of Jebel Ali, which is further from the commercial centre of Dubai near the Abu Dhabi border. Adjacent to the port are Dubai Drydocks and Dubai Maritime City. Both of these facilities were built due to Port Rashid's proximity. But, in January 2008, it was announced that the port would be redeveloped. All cargo operations will move to Jebel Ali Port by the end of March 2018. Port Rashid will turn into a cruise terminal. Also, part of the port will be reclaimed by Nakheel to create "a vibrant mixed use urban waterfront" that will house 200,000 residents.