Dubai South records best performing year to date in 2023

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, concluded 2023, its best performing year to date, the company said on Thursday.

During 2023, Dubai South Properties (DSP) handed over phase 1 of its Pulse Villas project, comprising 268 units. A first-of-its-kind development in the residential district, Pulse Villas was launched in 2021 and features 342 units of 2-, 3- and 4-bedroom units across its phases, with handover for phase 2 slated for Q1 2024.

Real estate activity in Dubai South remained strong through 2023, with DSP launching and successfully selling the first three phases of its flagship South Bay project. Featuring over 800 villas, townhouses, and more than 200 luxurious waterfront mansions, South Bay will also be home to a 1-kilometre lagoon and over 3 kilometres of a waterfront promenade. Ginco General Contracting was awarded the construction work for the first two phases of the project.

2023 also witnessed a renewed focus on developing social infrastructure in the Residential District with the opening of a 50,000-square-foot hypermarket and a large community park featuring kids’ play areas and activity zones. The construction activity for the first British curriculum school in the Dubai South area also commenced during 2023.

428 new licences were also issued to new companies, and 95% of existing companies were retained, bringing the total to 4,101 companies operating from Dubai South.

Dubai South is Dubai’s largest single urban master development focusing on an aviation and logistics ecosystem that houses the world’s largest airport when fully operational, complemented by a multi-modal transport infrastructure connecting air, land and sea. Dubai South aims to create a vibrant living and working community by leveraging its unique aviation, logistics, and real-estate products and services and world-class infrastructure solutions.