Staff Report
Dubai, UAE
Dubai South Properties, a leading real estate developer in Dubai, said it has sold out the final phase of South Bay in Dubai South’s Residential District, just four hours after its launch. The final phase incorporates 160 units comprising of three- and four-bedroom townhouses, as well as four- and five-bedroom semi-detached villas.
“This success follows the sell-out of all previously released units in different phases, highlighting the high demand for properties in the area. Construction contracts for all phases have been awarded and work is progressing on site,” the company said in a statement.
South Bay will be developed over six phases and will comprise over 800 villas and townhouses, and over 200 luxurious waterfront mansions. It will also feature a kilometre-long lagoon, over three kilometres of a waterfront promenade with cafes, multiple beaches, a clubhouse, fitness centres, parks, a shopping mall, a spa, kids’ clubs, waterparks, swimming pools, a lake park, and private beaches, among other amenities.
Nabil Al Kindi, CEO of Dubai South Properties, said, “We are pleased with the huge interest the project has garnered since its launch, given its unique value proposition and the state-of the-art amenities that will enrich the lifestyles of future residents. The sell-out of all units reaffirms its attractiveness to investors and buyers and the prominent position Dubai South has attained due to its strategic location, offerings and connectivity. At Dubai South, we are aligned with the government’s vision of attracting one million inhabitants to the area, once Al Maktoum International Airport is complete, and our unique projects cater to all customer preferences, via premium units that include townhouses, villas and apartments, promising an upscale living experience.”
Dubai South has been reinforcing the Residential District with amenities for the tenants. These include 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. Currently, The Residential District is home to over 25,000 residents who enjoy its distinctive lifestyle, range of amenities, and several gated residential communities with apartments and townhouses.
Ends
Also read: Dubai South and Aldar to construct first logistics facility
