Ithra Dubai, which is wholly owned by Investment Corporation of Dubai, ICD, has announced that it had entered into an agreement with luxury accommodation operator, Cheval Collection, to manage its newest mixed-use project, located in Barsha Heights, Dubai.
The announcement was made today at the Cheval Collection offices in London. In attendance were Mohammed I. Al Shaibani, CEO and Executive Director of the ICD, and Khalifa Al Daboos, Board Member at Ithra Dubai, and Cheval Collection’s Mohammed S Almarzooqi, Managing Director, and George Westwell, CEO.
Barsha Heights will offer more than 280 serviced and residential apartments, retail outlets, and luxury leisure facilities. Spacious apartments will cater to larger families, while smaller one and two-bedroom apartments and studios will meet the needs of couples or single occupants. Currently is still in the design phase, with construction expected to commence in Q4 2019.
Ithra Dubai manages and develops some of the most ambitious real estate projects currently being undertaken in Dubai. Its flagship development, One Za’abeel, featuring the world’s longest cantilever (“The Link”), is under construction and due for completion early 2021.
The Deira Enrichment Project, due for handover Q4 2019, aims to reaffirm the area as the traditional heart of commerce for Dubai, opening new commercial opportunities with the expansion of the Gold Souk, and introducing retail, offices, and residences to the Deira waterfront.