Over €5 billion has been invested in the Dublin docklands area by the public and private sector since the Docklands Authority was set up in 1997, the body's annual report for 2006 said.
Speaking today, authority chairman Lar Bradshaw said he expected a further €5 billion to be spent on infrastructure and social regeneration projects in the docklands by 2012.
"The physical reality of the new docklands is there for all to see, and the momentum behind the construction programme is unstoppable. But in tandem with these physical changes, there has been a less visible, but even more important transformation taking place - the social regeneration of the docklands," he said.
Mr Bradshaw said that there were even more exciting times ahead for the area with major infrastructural projects such as the Grand Canal Theatre and U2 Tower to be completed in the coming years.
He also said that the anticipated approval by the Oireachtas for the development of a Planning Scheme for the Poolbeg Peninsula by the Docklands Authority should lead to the development of a new quarter of the docklands.
Docklands Authority chief executive Paul Maloney said: "During the year, 555 residential units were completed, including 116 social units which were completed, allocated and occupied in the Grand Canal Dock area.
"In addition, a further 137 units, which had been given planning permission by Dublin City Council, were completed. The pace of development continued with 325 residential units permitted in 2006.
In addition, nearly 36,000 square metres of office development was completed in the Docklands in 2006," he added.