Diversified Dubai family group with a real estate arm active in JVC and Dubai Sports City, behind Gardenia Residency and Frankfurt Sports Tower.
1978
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.
1
Delivered
2
Areas
1
Off-plan
Where Ithra Dubai builds
Zaabeel
Zaabeel is an exceptionally central and deeply historic district in Dubai, definitively divided into Za’abeel 1, Za’abeel 2, and Al Kifaf. It famously houses the Zabeel Palace, the official residence of the ruling family. The district masterfully merges critical government and civic functions with ultra-luxury residential and commercial mega-developments, prominently featuring wasl’s Wasl 1 in Al Kifaf and the breathtaking One Za’abeel twin towers. Global landmarks include Zabeel Park, the Dubai Frame, and One Za’abeel—which spectacularly holds the record for the world’s longest cantilevered building via ‘The Link’. It is perfectly serviced by Sheikh Zayed Road and the Max Metro Station.
AED
1.76m
Area median
AED
3,320
per sq. ft.
Deira
Deira operates as the profoundly historic commercial lifeblood of Dubai, boldly positioned on the north bank of Dubai Creek. Deeply rooted in the city’s ancient trading heritage, it is globally celebrated for the legendary Gold Souk, Spice Souk, and massive legacy retail anchors like Deira City Centre and Al Ghurair Centre. The district is a hyper-dense, highly active mixed-use matrix of affordable apartments and heavy commercial real estate across key sub-areas like Al Rigga, Baniyas, and Port Saeed. Transit connectivity is absolutely unrivalled: serviced by a massive cluster of Green Line metro stations (Al Ras, Baniyas Square, Union, Al Rigga) and the Red Line’s City Centre Deira, alongside the iconic traditional abra water taxis. It directly borders Nakheel’s radical Dubai Islands mega-reclamation. It is the ultimate destination for users demanding raw authenticity, massive affordability, and hyper-connectivity.
AED
23.12m
Area median
AED
3,309
per sq. ft.
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.
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