Waterways Ireland has been refused permission to run its weekly food market on the banks of the Grand Canal near Mount Street Bridge.
It had been looking to extend its permit for setting up 16 stalls to serve the huge number of office workers in the area.
However, according to The Irish Times a number of groups objected.
Some residents say it was essentially a collection of fast food outlets as opposed to a farmers' market.
They also raised concerns about bins tipping over with rubbish following the weekly market and whether it was having a negative impact on wildlife.
A number of businesses in the Mespil Road area complained it was affecting their trade and that market customers were using their premises for toilet facilities.
Waterways Ireland had claimed the location was in line with Dublin City Council's policy to develop under-utilised sites and that any waste would be taken off site for disposal.
However it's decided not to appeal the decision.