Developer Ithra Dubai to launch Gold Souk extension in Q4 2021

Developer Ithra Dubai to launch Gold Souk extension in Q4 2021

Ithra Dubai, a real estate developer and manager, announced on Monday that the extension of the emirate’s Gold Souk is on track to open in the last quarter of 2021. New traders and retailers are to set up shops in the new destination at the Deira Enrichment Project (DEP). The Gold Souk Extension (GSE) aims to redefine the overall experience at the traditional gold and jewellery market. Issam Galadari, director and CEO of Ithra Dubai, wholly owned by the Investment Corporation of Dubai, said: “The Gold Souk in Deira has always been a main attraction for residents and tourists alike. With the Gold Souk Extension, we aim to delight visitors and answer the needs of retailers, all the while maintaining the cultural and traditional charm of the area. The extension includes Maryam and Hind Plazas, covers an area of around one million and two hundred thousand square feet and consists of 295 retail units and 255,000 square feet of office space, in addition to 468 residential units ready for leasing. A number of jewelry brands, including Al Romaizan Gold & Jewellery, Malabar Gold & Diamond, Al Kanz Jewellery, Dhakan Jewellers, Jawhara, Gold House, Hyatt, New Mashoom, Top Gold, Zayan, Iman,