Dubai: Deira Waterfront Development LLC, the wholly owned real estate subsidiary of the Investment Corporation of Dubai (ICD) announced that it will build a marketplace as part of the first phase of its Deira Waterfront development project.

The area which is expected to be complete by the third quarter of 2013 will include a fish and pet market.

The new fish market, located next to Hamriyah Port, aims to replace the existing fish market and will include a hall for fish sales and a fish auction area.

The market will have direct access to the sea and a port will be built to allow fishing boats to dock with a capacity of up to 100 boats.

"Fishing is a traditional industry that's woven into the texture of our history. This project will provide fishermen, traders and customers with a better environment which will help promote the business and support the industry," said Khalifa Al Daboos, Executive Chairman of Deira Waterfront Development LLC.

Other items

The new facility will also offer a market space for other fresh food items such as vegetables, fruits, meat and poultry as well as dry goods.

The market will also have a separate section selling souvenirs as well as food and beverage outlets. It will also feature parking for more than 1,000 cars.

The first phase will also house a pet market which is considered the first of its kind in the region. There will be health care, grooming and retail services for different pets as well as a petting zoo, a veterinary clinic and pet hotel.

Office spaces will be available on the first floor of the building. The Deira Waterfront Development, has appointed Hyder Consulting to carry out full design services of the Deira Fish Market.

The development will have a built up area exceeding 1 million square feet.