Mina Rashid Yachts & Marina (formerly Mina Rashid and also known as Port Rashid), is an area along the coastline of Dubai, located between Bur Dubai and Deira, next to the Dubai Maritime City. The area is being developed by Emaar Properties who have plans to implement seven new communities which will occupy 6,800,000 sqft and include private beaches and marinas. The historical area of Port Rashid is the leading commercial port of Dubai which was created back in the 1970’s when Sheikh Rashid bin Saeed Al Maktoum expanded the Dubai Creek. Over the years, Emaar has also decided to expand the possibilities of the area and make it a comfortable place for living. The famous ocean liner which was converted into a hotel; the Queen Elizabeth 2, as well as various restaurants and entertainment activities can be found here. The developers plan to create a large shopping center called The Dubai Mall by the Sea and build residential complexes, hotels and various infrastructure facilities located along the coast of the Gulf. Currently, the properties available for sale in Mina Rashid are one to three-bedroom apartments and four-bedroom penthouses which all come with breathtaking views of the Arabian Gulf and the famous Dubai skyline. Nurseries, a school, a park and modern recreational areas, as well as medical clinics, retail stores and shopping centers will be located in Mina Rashid.