Dubai Waterfront

[1] Run by the Dubai Waterfront Company, the project was open to foreign investment with its real estate developer, Nakheel Properties, owning a 51% stake.

[citation needed] Waterfront was planned to add more than 70 kilometres to Dubai's coastline[3] and encompass an area of 130,000,000 square metres (1.4×10^9 sq ft) of water and land developments.

The development hub would be along the shoreline, stretching in-land to offer a range of residences, commercial districts and industrial areas, with several major tourist attractions and leisure amenities.

The plan consists of 10 key areas including Madinat Al Arab, expected to become Dubai's new downtown and central business district.

Construction of the 8.0 kilometer Palm Cove Canal, which runs parallel to the coastline, began in February 2007 and was more than 65 per cent complete before the project was suspended.