It was established by Saeed Ahmed Lootah, who named it after the Egyptian city of Port Said which was destroyed in the Anglo-French invasion during the Suez Crisis.

Important landmarks in Port Saeed include Deira City Centre and Dubai Creek Golf and Yacht Club.

The Dubai Creek Golf and Yacht Club occupies almost half the area of Port Saeed.

Located there are a sail-shaped club house, an 18-hole golf course, a marina, a number of villas, several creek-side restaurants, and the Park Hyatt Dubai Hotel.

Port Saeed has a small residential neighbourhood that was redesigned by Dubai Municipality after 2003.