- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Dubai is traditionally divided into two parts by the Dubai Creek: Deira and Bur Dubai. Deira is a foodie's haven because of its aromatic Spice Souq, but it also consists of the Gold Souq and the Dhow Wharfs. Bur Dubai, on the other hand, boasts the must-see historical district of Al Bastakiya and the charming creekside park.
Dubai is one tourist and business destination that rarely sees seasonal traffic as it is visited all year long by holidaymakers and businessmen alike.
Shopping malls are plentiful in Bur Dubai as are commercial properties for rent. These include the popular Lamcy Plaza, Wafi City, The Dubai Mall and BurJuman. Rental rates are predictably high because of the amount of foot traffic, but so are the returns. The Dubai Mall's profits, for example, grow year-on-year every year. Last year alone, its net income reached an impressive Dh580 million.
But malls are not the only winners when it comes to monetary gains either. Retailers across the board in Bur Dubai in areas like Satwa, Bank Street and Computer Street (also known as Khalid Bin Al Waleed), Jumeirah Beach Road and Trade Centre Road are populated by retail areas that cater to both residents and tourists.
With tourists come hotels, or the other way around. And Bur Dubai has its fair share of hotels. Not only for the moneyed, these hotels are open for backpackers and businessmen alike. Popular hotels include Raffles Dubai, Ramada Hotel, Grand Hyatt and multiple options by Rotana.
Residential projects in Bur Dubai have jumped onto the commercial bandwagon too, with most having dedicated one or two floors for retail space. These mixed-use developments add to the quality of life for residents as they contain convenience stores, restaurants, and leisure and health shops.
All in all, Bur Dubai has something for everyone.
• Bur Dubai is separated from Deira by the famous Dubai Creek
• Malls, hotels, mixed-use developments make up its landscape
• Hotels and malls see year-on-year increase in foot traffic, gains
Click on Bur Dubai and get more info about this bustling district
Source: Bushra Hameduddin, Special to Properties
The writer is a freelancer