Unlike Al Majid, Al Gaz divested from the majority of his franchise holdings (e.g. selling franchise rights to Nissan in the 1980s) to concentrate on real estate development. Having buildt the first three-story building in Dubai's history, Al Gaz then developed much of the properly around Port Said: the clock-tower plaza, and Hamriya in Bur Deira, in what became the Deira market place.[7]