Ithra Dubai is Dubai’s powerhouse landowner, developer and operator with a large portfolio of pioneering real estate projects locally and in main international markets.
Wholly owned by Investment Corporation of Dubai (ICD), the Company is a key dynamic contributor to the ongoing enrichment and strategic development of the emirate with state-of-the-art infrastructure and architecture and a focus on providing real estate solutions that work for the mix of communities in the emirate.
Ithra Dubai develops and manages mixed-used projects on an ambitious scale incorporating world-class retail, commercial, residential, and leisure schemes that create value for their communities.
Amongst its showcase developments in One Zaabeel, the iconic addition in Dubai’s skyline that evokes duality through the distinctive design of its two towers. One Zaabeel pushes the limits of designs and engineering with its twin skyscrapers standing at 300 meters respectively and rising over a total built-up area of 470,700 square meters, “THE LINK,” a panoramic sky concourse of epic scale and design, is suspended perpendicularly to both towers at a height of around 100 meters. “THE LINK”, will be remembered for housing the world’s largest cantilever, providing unmatched immersive experiences and for connoting a distinctive lifestyle destination.
At the heart of Dubai’s historic hub stands the Deira Enrichment Project (DEP), another landmark project by Ithra Dubai that will enhance the flow of people and goods in Dubai’s original heart of commerce.
DEIRA ENRICHMENT PROJECT & DUBAI GOLD SOUK:
The DEP is mixed use development that will rejuvenate the commercial, residential and retail experiences in Dubai’s original trading hub. The project is being built in two phases spanning more than eight years. When complete, it will open up the area to introduce improved high-quality, affordable urban living units for new and existing commercial tenants, residences, retail and F&B, as well as high-quality office promises.
With the exception of the Waterfront Market, which opened in 2017, the first phase of the DEP is scheduled for completion in the first quarter of 2020. This will use 47 mixed-use buildings incorporating 2,200 residential units. 416 commercial units, 843 retail outlets, F & B units, eight hotels with more than, 1,450 rooms and service apartments, and several multi storey car parks.
The DEP also accounts for the extension of the Deira Gold Souk and the realization of Deira Gold Souk and the revitalization of Deira’s oldest trading post. The Gold Souk Extension will cover a total of 1,181, 025 square feet housing 295 shops, 250 offices, and 460 high high quality residences offered on a develop and lease model.
Upgrades to the Gold Souk will refine the overall experience and offer solutions that will add value to both commerce and lifestyle. Spacious and shaded walkways, new bridges and open passages to introduce more light and space all aim at improving the stream of trade and the movement of the public into, out of, and around Deira. Enhancements will also feature larger units and modernized facilities. The expansion will also feature added amenities and the development of existing infrastructure including a transit-oriented development that will enhance the experience of residents and visitors alike and will connect residents of and visitors to the DEP with the rest of Dubai’s vital areas such as airports, financial districts and New Dubai.
Official leasing began in October 2018, and the first handover is slated for the second half of 2020.