More than US$ 273mn recently invested towards enclave’s real estate transformation
Dubai South Properties, the development and real estate arm of Dubai South, revealed that preparations are on track to meet the constantly evolving property and community needs of discerning investors and end-users in Dubai South.
Recognised as the UAE’s flagship urban development, Dubai South builds on the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and is designed to support the diverse needs of a multitude of businesses, industries, investments current and future residents.
Real Estate projects that are currently being developed within Dubai South Residential City including the Pulse – a successful ‘freehold’, mixed-use community which is set for handover mid 2019 onwards. Featuring townhouses, apartments, shopping destinations and urban design landscape, the Pulse offers a unique lifestyle and is catered to mid-market audience.
Crew Village a bespoke, purposely designed community for shared living, to be designed to suit the specific requirements of the clients, is another major highlight of the Residential City. In addition to these investment opportunities, the master plan offers dedicated plots of land for healthcare, education, retail, hospitality and special community services.
The Pulse
The Pulse, constituting a residential community offers more than 1,200 homes for the mid-market segment. The Pulse comprises of the Pulse Residence, Parks, Plaza, Icon, Boulevard Apartments and the Pulse Townhouses. The community also provides ample parking spaces for both residents and visitors, club houses with gyms, pools, children playgrounds and open plazas for everyone.
The Residential City Retail will offer a wide range of retail mixes that fulfills the short term and long-term community development strategies ahead of 2020 and beyond. The development will offer more than 30,000 sqft of retail to be available for leasing by 2020 to ultimately develop the full 200,000 sqft in the short term. Recently, more than US$ 273mn was invested towards the realisation of the Residential City’s landscape vision, which envisages Connectivity, Legibility, Innovation and Livability to be the core themes around which the city is built.
New developments under the hospitality segment include a Marriott lifestyle brand Aloft Hotel opened in 2018, Holiday Inn Staybridge Suits set to open doors this year and the Hilton 5-star hotel which is scheduled to open by 2020. These hospitality developments together will provide an additional 2,000 hotel rooms ahead of the EXPO 2020 Dubai, which is set to attract 25 million visitors. Furthermore, the projects, along with the Al Maktoum International Airport that is currently under major expansions, will lead to the creation of thousands of jobs.
Sparkling Sakany
Sakany is a purpose-built, mixed-use community comprises of three developments. Sakany Staff Accommodation, Sakany One and Sakany Square, together will house approximately 50,000 residents. Sakany will accommodate more than 17,000 residents in 22 buildings by 2020.
Sakany Square will be a new shopping destination with a Park-and-shop concept that combines shopping and dining experiences in an urban setting, with ample parking spaces, showrooms walkways. It is an excellent location for anchor tenants in all retail mix types.
“Dubai South is drawing inspiration from the insights we gained from our experiences in Dubai and worldwide and taking it to the next level, in terms of education, medical care, and offering a truly convenient communities, to contribute to the vision of happy cities,” commented Mohammed Al Awadhi, CEO, Dubai South Properties
“Our efforts to make Dubai a pivotal hub largely complement our aspirations to cater to the rising demand in the sector ahead of the approaching EXPO2020 in Dubai. The world expo next year will undoubtedly underscore the Emirate’s appeal as a promising FDI destination and will significantly boost demand in all key sectors including real estate. Dubai South remains poised to meet these demands,” remarked Khalifa Suhail Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South.
