Ithra Dubai has announced the launch of One Deira, which is District Four of the Deira Enrichment Project (DEP), a vibrant mix of residential, commercial, retail and hospitality offerings.
A leading real estate developer and manager, Ithra Dubai is wholly owned by Investment Corporation of Dubai (ICD).
One Deira consists of an office building and a 131-room hotel tower and a two-level retail podium. It features two of the masterplan’s highlights, an integrated transportation hub and the first mall in Dubai constructed atop a metro station, in a central and convenient location, according to ICD.
One Deira will serve the thriving residential and commercial communities of the surrounding Phase One districts that consist of 2,200 residential units, more than 700 retail units, 700,000-plus sq ft gross floor area (GFA) office space, food and beverage (F&B) outlets and eight international brand hotels, including Adagio, Wyndham, Super 8, and Days Hotel with a total of 1,450 keys.
Completed on schedule, District 4 follows each of Sherina, Osha, Afra, Maryam and Hind Plazas handed over between September 2020 and March 2021, it added.
Marking the occasion, Ithra Dubai Director and CEO Issam Galadari said: “The DEP is on track to becoming a leading destination, adding unique offerings to the trade, retail and tourism landscape in Dubai with every new milestone. Presenting exceptional propositions for the business community on offer at DEP, One Deira introduces 55 brand new retail units on the podium level and 73,000+ sq ft NLA office area, as well as the Days Hotel with 131 keys.”
The launch of One Deira will further introduce the first integrated central transport station in the UAE. The comprehensive transportation network will include a metro station, an RTA Bus Terminal, taxi ranks and an additional 158 podium parking spaces at one central location, he noted.
The mixed-use development aims to rejuvenate Dubai’s historic heart of commerce and original community centre while preserving its unique cultural characteristics. It continues to attract new and well-established commercial brands to the area. Catering to families and businesses alike, DEP includes green landscapes, neighbourhood parks and walkable areas within an ideal community and a strategic location for businesses to thrive, said Ithra.
On the DEP calendar this year is the launch of additional areas within the development, specifically Districts Eight and Nine in Q3, and District Five and 10 in Q4, it added.