Ithra Dubai, a wholly-owned unit of the Investment Corporation of Dubai, has announced the launch of Plot 3 of Phase One of the Deira Enrichment Project (DEP) known as "Sherina Plaza". 

 

Plot 3 is the first instalment of DEP to be launched within the massive mixed-use development meant to rejuvenate and revitalise Dubai’s heart of commerce and the oldest community. 

 

It boasts 350 residential units featuring one-, two- and three-bedroom units, ranging from 861 to 2,045 sq ft, a four-star hotel with 290 rooms operated by Wyndham Hotels and Resorts, 45 restaurants and retail units, and 721,182 square feet of office space.

 

Plot 3 has entered the close-out and handover phase, leading the way before Plots 1, 2, 11 and 12 soon to be completed within Phase 1 of DEP, said senior company officials during a media tour of Plot 3 organised by Ithra Dubai.

 

Director and CEO Issam Galadari was joined by Raad Jarrah, Chief Development Officer, as well as engineers and architects who helped bring this project to life, during the tour.

 

"We are happy to announce the launch of Plot 3 of the Deira Enrichment Project. We are driven by one objective and that is to enrich cities and add value to their citizens, whether by elevating lifestyles or offering integrated solutions that balance work, living and leisure," remarked Galadari.

 

"We are committed to delivering the project in a timely manner without compromising on the highest in quality standards. Inspired by the Dubai vision, DEP will reaffirm Deira’s historic standing as Dubai’s original trading hub and will play a vital role in the future development of the city," he stated.

 

Commenting on this new achievement, Raad Jarrah said, "DEP broke ground in 2017 and is today launching the first of its mixed-used plots. From deference to heritage with a modern application in design and architecture to incorporated green spaces and a concern for sustainability, DEP accounts for every aspect of Ithra Dubai’s vision."

 

"The development will ease navigation in and around Deira thanks to multi-storey car parks and an integrated transportation hub under construction in Plot 4," noted Jarrah. 

 

"All of Dubai transport authority services such as metro, buses and taxis will be available, facilitating access to public transportation and minimising dependence on private cars," he added.

 

Commenting on the buildings ready to be delivered, he said: "DEP was at all times meant to be the place where people want to spend their time, whether to live, work or play. Plot 3, for instance, consists of two residential buildings, a hotel and an office building with panoramic views of the waterfront, as well as small parks with nearby children play areas."

 

"Residents will enjoy a number of facilities such as rooftop pools, gyms, a plaza, prayer rooms and public baths. Sherina Plaza is ready to receive its new residents and welcome future tenants," stated Jarrah.

 

Next to Phase One, Two and Three of the project, DEP features the Waterfront Market and the Gold Souk Extension scheduled to open for the public beginning of next year. 

 

Phase One includes 50 mixed-use buildings, 2,200 residential units, 416 commercial units, 843 retail units, restaurants and cafes, as well as eight hotels with more than 1,450 rooms and serviced apartments, multiple leisure facilities, a park overlooking the waterfront, green landscapes and multi-storey parking space, said the statement.

 

"Ithra Dubai will next be launching Plots 1, 2, 11 and 13, equally consisting of mixed-use facilities and boasting of lush green areas and ample parking spaces," noted Jarrah. 

 

"Plots 11 and 13 are dedicated to the Gold Souk Extension and designed to suit the unique needs of gold traders and precious stone merchants," he added.-TradeArabia News Service