Saba Properties is a private Dubai developer founded in 2003, specialising in Jumeirah Lake Towers, where it built the Saba Tower series and, more recently, branded residences.
2003
Founded
Ithra Dubai
A government-owned developer behind One Za'abeel and major central Dubai projects. Explore Ithra Dubai projects, see where it builds, and talk to a specialist who knows the portfolio.
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Delivered
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Areas
Where Ithra Dubai builds
About Ithra Dubai
Ithra Dubai is a government-owned developer, wholly owned by the Investment Corporation of Dubai, established in 2016. It is known for One Za’abeel – home to the record-setting cantilever The Link – and for the Deira Enrichment Project and Central Park at City Walk.
For buyers, Ithra Dubai’s appeal is landmark scale and sovereign backing: high-profile, centrally located projects delivered by a government-owned developer, which matters most to the investor-analyst and longer-horizon observer segments who weigh backing and location across several research sessions before contacting an agent.
GOVERNMENT-OWNED. Wholly owned by the Investment Corporation of Dubai. LANDMARK PROJECTS. One Za’abeel and The Link cantilever. CENTRAL DUBAI. Prime central and Deira regeneration sites.
2016
Established by the Investment Corporation of Dubai
Established by the Investment Corporation of Dubai, a Ithra Dubai development.
2017
Deira Enrichment Project launched
Deira Enrichment Project launched, part of Ithra Dubai's portfolio.
2024
One Za'abeel completed
One Za'abeel completed - a milestone in Ithra Dubai's track record.
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FAQ
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Is Ithra Dubai a reliable developer?
Ithra Dubai is wholly owned by the Investment Corporation of Dubai, Dubai's sovereign wealth fund, and has delivered landmark projects such as One Za'abeel.
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Who owns Ithra Dubai?
Ithra Dubai is government-owned, as a wholly owned subsidiary of the Investment Corporation of Dubai.
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Which projects is Ithra Dubai known for?
Flagship projects include One Za'abeel (with The Link), the Deira Enrichment Project and Central Park at City Walk.
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Do Ithra Dubai properties hold value?
Its landmark, centrally located projects support demand. Resale values vary by unit - verify current figures for the specific address.
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What are the total costs of buying an Ithra Dubai property?
Beyond the unit price, budget roughly 6-8% in transaction costs - a 4% DLD transfer fee, agency commission (about 2% plus VAT), and administrative and trustee fees. Service charges are recurring and vary by project.
Other Developers
Joint venture master-developer established in 2007 between the Government of Ajman and Solidere International, developing the coastal masterplan Al Zorah City in Ajman.
2007
Founded
Mered is an internationally-owned developer that entered the Dubai market in 2023, headquartered in Dubai Internet City, with a track record of dozens of projects across Eastern Europe and the USA. Its flagship is ICONIC Tower, a Pininfarina-designed landmark in Dubai Internet City.
2023
Founded
Real estate division of Dubai’s Sharafi Group (real estate roots dating to 1970). DLD-registered projects include Marea Residences on Dubai Islands and Sharafi Rose in Al Karama.
1924
Founded
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