Ithra Dubai

Ithra Dubai (“Ithra”) is a wholly-owned subsidiary of ICD established to enrich societies within the city of Dubai through the various planned strategic property development and enrichment initiatives. Ithra Dubai continues to scale new heights in its quest to deliver mixed-used developments on an ambitious scale, which incorporate world-class retail, commercial, residential, and leisure concepts. Ithra’s current project portfolio includes two key projects, the Deira Enrichment Project and One Za’abeel Project.

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Deira Enrichment Project

The Deira Enrichment Project aims to revitalise Dubai’s original community centre and trading hub. While adopting a modern approach to design and functionality, it aims to preserve Deira’s “unique charm and enduring entrepreneurial spirit”. Deira Enrichment Project encompasses the Waterfront Market, Deira Enrichment Project Phase One and Two and the Gold Souk Extension. Deira Enrichment Project Phase One will accommodate 50 mixed-use buildings and eight hotels spanning over twelve districts. Five districts of Phase One are in advanced stages of completion and expected to open 311 retail spaces, 317 office units, 977 residential apartments and 573 hotel rooms and serviced apartments in early 2021.

  • Number of mixed-use buildings
    50
  • Planned

    • residential units — 2,200
    • commercial units — 416
    • retail units — 843
  • Hotel rooms and serviced apartments across eight properties
    1,450+

Last updated, the year ended 31 December 2019

One Za’abeel Project

One Za’abeel is an iconic addition to Dubai’s skyline that evokes duality through the distinctive design of its two towers. It is a revolutionary high-rise mixed-use development incorporating luxury residences, an ultra-luxury hotel, serviced apartments, and premium Grade A office spaces, a retail podium, and a panoramic sky concourse. Its design incorporates two modern high-rise towers connected by a record-setting cantilever called ‘The Link’, joining the two buildings.

The One Za’abeel project achieved a significant milestone in October 2020 as the 226 meter-long cantilevered building or “The Link” dissecting One Za’abeel’s distinctive two towers was completed, and is expected to be the “Longest Cantilevered Building” in the world. The Link will be suspended at over 100 meters above ground level and is expected to be the longest cantilevered building in the world, connecting the two towers of One Za’abeel. The Link is a panoramic sky concourse that will house a choice of attractions including Michelin starred restaurants, observation decks, and an infinity pool that will provide an immersive experience. ONE ZAABEEL project is expected to be delivered in stages beginning Q1, 2022 with a target completion date for all components by Q4 2022.

  • World’s longest cantilever bridge connecting 2 towers
  • Planned

    • luxury residential units — 263
    • office space — 37,127 Sqm
    • retail space — 11,777 Sqm
    • hotel rooms and serviced apartments — 497

Last updated, the year ended 31 December 2019

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