The CEO of Dubai South Properties says the developer is on track to complete and deliver approximately 2,500 units by 2025
What is the impact of Al Maktoum International Airport’s announcement on the demand for properties at Dubai South?
In recent years leading up to 2023, Dubai South has experienced a significant uptick in demand, as evidenced by an 11 per cent rise in residential property transactions compared to the previous year. This surge underscores Dubai South’s expanding role as a pivotal force in Dubai’s real estate sector, bolstered by its distinctive features.
Real estate investments constitute 70 per cent of the overall investments at Dubai South, and we take pride in launching strategic and well-studied projects that cater to the needs and preferences of investors and end users.
After the announcement of Al Maktoum International Airport’s passenger terminals in April, the airport is undoubtedly poised to become a key factor in Dubai’s economic development.
Its completion is anticipated to significantly increase the employment opportunities in the Dubai South area and act as a catalyst for new properties, offices, retail, hospitals and other social infrastructure. It is worth noting that the Dubai 2024 Urban Master Plan, which is the government’s vision for a comprehensive plan for sustainable urban development of Dubai, identifies the Dubai South area as one of the key growth vectors for the city.
How is Dubai South aligned with the government’s vision of attracting a million residents to the Dubai South area?
Dubai South Properties, a subsidiary of Dubai South, presents a diverse array of residential offerings, including villas, townhouses, mansions, and apartments. There is significant demand for properties in Dubai South, evidenced by the quick sell-out of every new phase released to the market.
The company addresses the preferences of its clientele, catering to their individual needs with precision. Dubai South provides good investment opportunities for different offerings, especially since most units across our developments are much more spacious than what is available in the market.
At Dubai South, we understand the immense responsibility we have towards the government’s goal of attracting one million residents to the area once the airport is complete. We are pleased to see the huge demand for properties within Dubai South, recently witnessing a 20-30 per cent increase in prices.
The start of construction of the new passenger terminals at Al Maktoum International Airport is expected to further boost demand for properties at Dubai South, especially the real estate projects which are launched by Dubai South Properties, which are likely to experience increased attention due to their proximity to the Al Maktoum International Airport. These include South Bay, The Pulse Beachfront, and South Living, an exclusive luxury apartment project in The Residential District.
How many units are being delivered shortly at the Residential District?
In 2025, Dubai South Properties is on track to complete and deliver approximately 2,500 units. In addition, other active developers are expected to add around 5,500 units to the market.
What sets Dubai South’s Residential District apart?
Dubai South’s Residential District is currently home to an estimated 25,000 residents, benefiting from its diverse offerings, contemporary amenities, and vibrant lifestyle. With an annual growth rate of about 20 per cent, the community continues to attract an increasing number of residents each year.
The Residential District at Dubai South incorporates state-of-the-art amenities for the comfort and convenience of its tenants.
These include a GEMS Founders School that commenced student enrollments for the academic year 2024-2025, subject to KHDA approvals; public parks; sports courts; retail shops; a 50,000 square-foot hypermarket, a mosque; a petrol station; and a public bus route connecting the district to the Expo Metro station.
Give us some of the key milestones of Dubai South.
Over the years, we have successfully positioned Dubai South as an ideal investment destination, attracting a multitude of prominent companies.
Our mission, however, does not stop there. The year 2023, was our best-performing one to date, marking numerous remarkable accomplishments across different divisions.
These achievements include welcoming 428 new companies, retaining 95 per cent of companies, successfully selling out projects, and establishing high-profile partnerships.
Currently, 4,101 companies are operating in Dubai South.