Ithra Dubai has announced the launch of "One Deira" at the Deira Enrichment Project (DEP), a vibrant mix of residential, commercial, retail and hospitality offerings, being developed to rejuvenate Dubai’s historic heart of commerce and original community centre while preserving its unique cultural characteristics.

 

A leading real estate developer and manager, Ithra Dubai is wholly owned by Investment Corporation of Dubai. 

 

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, said the statement from ICD.

 

One Deira will serve the thriving residential and commercial communities of the surrounding Phase One districts consisting of 2,200 residential units, 700+ retail units, 700,000+ sq ft GFA office area, 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, stated Galadari.

 

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.

 

Also, among the list of firsts in the country, One Deira will unveil the first retail complex built above a metro station in Dubai.

 

The mixed-use development aims to rejuvenate Dubai’s original commerce hub and 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 the statement.

 

On the DEP calendar this year is the launch of additional areas within the development, specifically Districts 8 and 9 in Q3, and District 5 and 10 in Q4, it added.