Mega project set to revitalise one of Dubai’s oldest districts takes shape – The National

  • Date: 22-Jun-2020
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
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Mega project set to revitalise one of Dubai’s oldest districts takes shape – The National

Mega project set to revitalise one of Dubai's oldest districts takes shape. The first phase of a landmark project to transform one of Dubai's most historic districts is nearly complete, officials said.. Construction of one of the main parts of the Deira Enrichment Project is in its final stages, with handover of residential and business units expected in the next few months.. Five of the 20 districts under construction in the first phase will be open to residents and visitors this summer.. From waterfront residences overlooking The Creek to an extension of the Deira Souk, Ithra Dubai, the master developer, said the bustling hub would add to the already "rich tapestry" of one of Dubai's most popular neighbourhoods.. When complete, six million square foot area under phase one will house more than 50 mixed-use buildings including eight hotels, 2,200 residential units and 40 restaurants.. Positioned along the coast of Dubai near Port Rashid, mid-rise modern buildings will help to breathe new life into an historic area.. Lachlan Gyde, executive director of asset management at Ithra Dubai, said the impending completion of districts one, two, three 11 and 13 was a significant milestone.. With waterfront apartments, interconnected retail plazas and a