Hamdan bin Rashid Al Maktoum
A contract for the construction of the corniche was signed on September 23, 1975, for a price of US$ 25 million by Hamdan bin Rashid Al Maktoum, the current deputy ruler of Dubai. A variety of traditional and modern retail and hospitality areas exist along the Deira Corniche. The corniche borders the localities of Al Dhagaya, Ayil Nasir and Al Hamriya Port, all of which are part of the larger Deira central business district. The Dubai Fish and Vegetable Market as well as the Dubai Gold Souk and Dubai Spice Souk are located within the proximity of the corniche. The Hyatt Regency Dubai lies on route D 90 (Al Khaleej Road), which runs parallel to the Deira Corniche.