Historically, Deira has been the commercial center of Dubai, but has been losing its importance during the past few years due to recent[when?] development along E 11 road (Sheikh Zayed Road) and areas further down the coast toward Abu Dhabi.Port Saeed is a small port along Deira's shore of Dubai Creek. Port Saeed holds some of the dhow cruises and small shipping boats in Dubai.
Deira has developed much since its early days with the development of both overhead and underground metro tracks, a number of shopping malls springing up (e.g., the Deira City Centre Shopping Mall), and modern buildings and towers currently[when?] under construction within the area.