Ithra Dubai, a real estate developer and asset manager, said work has started on two of its landmark projects in Dubai, UAE - One Za’abeel and Deira Enrichment Project.

A wholly-owned company of Investment Corporation of Dubai (ICD), Ithra Dubai was established to develop real estate projects that will serve Dubai’s diversity through enriching the city’s offering and supporting the needs of its social fabric in all its threads.

Mohammed Ibrahim Al Shaibani, the chairman of Ithra Dubai and executive director and chief executive of ICD, said Ithra Dubai undertakes real estate development projects that enrich the economy and strengthen Dubai’s edge as a global powerhouse.

Its projects will add choice and opportunity to provide the diverse segments of Dubai’s society with solutions at a variety of price-points for their housing, hospitality, education and commercial or business needs, he stated.

Issam Galadari, the director and CEO said: "Ithra Dubai does not develop structures, but creates communities that thrive and prosper. We enrich the lives of city dwellers by helping them realise their dreams - those of making a home, expanding a business, or offering world-class education to their children."

"We aim to help shape a city that stands tall on the global arena; ultimately transforming the legacies of our past into landmarks of the future," he added.

Deira Enrichment Project aims to develop Deira, the vibrant cornerstone of Dubai’s trading legacy. The expansion of Deira towards the waterfront is a tribute to the tradition of trade in the country, said the top official.

The development will expand the Deira Suq to become the centerpiece of the district and will create a bustling hub of life that will add to the already rich tapestry woven by communities past and present. The area will boast a plethora of retail spaces, from shops to storage areas, he added.

It will also offer a strip of restaurants and retail stores along the creek which will create a bustling promenade - the first of its kind in Deira - besides a range of hotels, catering to business travellers and city dwellers.

As part of the wider Deira Enrichment Project, The Waterfront Market, opening this year, will enhance the fresh food shopping experience and create an environment for local fishermen, butchers, and vegetable and dry goods traders to grow and thrive.

One Za’abeel is another iconic project being developed by Ithra Dubai. A symbol of ambition, innovation and the pioneering spirit of Dubai, One Za’abeel is located in the Za’abeel district at the heart of the city, strategically positioned between the old and new business districts of Dubai.

It is a two-tower, high-rise mixed-use development incorporating luxury residences, a luxury and ultra-luxury hotel, serviced apartments, office spaces, retail podium (The Gallery), and the iconic Linx - a panoramic sky concourse that connects the two towers of One Za’abeel.

The world’s largest cantilever, floating an awe-inspiring 100 m above the ground will offer a choice of attractions, fine restaurants and lounges.-TradeArabia News Service