Rendering of the Observation Tower at the Dubai Creek Harbour development. Credit: Emaar Properties. Dubai largest listed developer Emaar Properties has halted new building work after a construction boom in recent years led to oversupply in the Gulf city, its chairman said on Monday.

Uses: Dubai Creek Tower will be mainly used for observation decks or sky gardens. And there will be 20 floors occupied by hotels and restaurants as well, and even residences. The antenna on the peak will be used for broadcasting.

Khor Dubai (Dubai Creek in English) is a natural seawater inlet of the Arabian Gulf located in the heart of Dubai with 14 kilometres length and between 100-500 meters width that runs South-East and ends at Ras Al-Khor wildlife Sanctuary.

In 1989, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, came up with the plan to launch the stunning Dubai Creek Golf & Yacht Club. 2007 was the year when a modern construction plan worth $132 million for Dubai Creek development was finished.

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Best Areas to Stay in Dubai Most of the best Dubai hotels are modern, upmarket, and good value, but some with notable Arabian-style charm and history and a few boutique guesthouses can also be found. Even better for short (or longer) stays is the charismatic area around Dubai Creek (which resembles a river).

If you’re happy to be resort based for a few days, you cannot go wrong with The Palm as the hotels are very nice. I’ve stayed in both The Park Hyatt and Jebel Ali Palm Tree Court – also excellent hotels but The Palm offers superior accommodation and pools etc.

Last year, apartment rents were down by an estimated 14 per cent across Dubai, continuing the dips from 2018 onwards. But during the final three months of last year, there were no further declines, with some locations actually seeing gains.