Eight firefighting trucks and rescue vehicles plus three firefighting boats were rushed to the spot within minutes of the start of the fire, which was brought fully under control around 6pm.
According to an official statement released on Monday, there were no casualties except for minor first degree burns sustained by a worker.
The injured worker has been admitted to Rashid hospital. Traffic on the Dubai Creek has not been affected by the fire, the statement said.
"Rapid and effective action by Dubai Civil Defence highly trained personnel backed by state-of-the art fire control units was instrumental in quelling the blaze under just three hours, which significantly limited the damage that could have been caused by the incident," it added.
The blaze created a massive plume of black smoke in the area, including the nearby roads, leading to traffic disruption. Police urged motorists to avoid the area if possible.