Staff Report,
Dubai, UAE
Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, said that 2023 was its best performing year to date, marking numerous accomplishments across its different divisions. These achievements encompassed the welcoming of new companies, the successful selling out of projects, and the establishment of high-profile partnerships, which will play a major role in driving the Dubai’s economy.
During 2023, Dubai South Properties (DSP) handed over phase 1 of its Pulse Villas project, comprising 268 units. Situated in the Residential District, the Pulse Villas was launched in 2021 and features 342 units of two-, three-, and four-bedroom units across its phases, with handover for phase 2 slated for the first quarter of 2024.
DSP also launched and successfully sold the first three phases of its flagship South Bay project in 2023. Featuring over 800 spacious villas, townhouses, and more than 200 luxurious waterfront mansions, South Bay will also be home to a one-kilometre lagoon and over three 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.
Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, said, “We are delighted to witness the continuous and sustainable growth of Dubai South and its various districts year after year. This remarkable progress is attributed to the numerous government initiatives aimed at bolstering the emirate’s economy, as well as to our meticulous planning, which have consistently driven investments across multiple industries in Dubai. As we look ahead to the coming year, we hold an optimistic outlook and aspire to achieve even greater milestones throughout Dubai South.”
428 new licenses were also issued to new companies, and 95 percent of existing companies were retained, bringing the total to 4,101 companies operating from Dubai South.
The Logistics District at Dubai South signed several agreements to cement its position as a key contributor to the growing logistics sector in the UAE. These include a partnership with dnata to enable a digitally driven gate control mechanism for shipments at the Dubai South’s cargo-handling terminals; an agreement with Beijing New Aerotropolis Holdings China to establish a comprehensive framework for nurturing cooperative relations; and an MoU with Sinotrans, a subsidiary and single logistics platform for China Merchants Group, to establish its first Middle East logistics and e-commerce hub at the Dubai South Logistics District.
Several inaugurations also took place during 2023, including the Audi Volkswagen MEA Distribution Centre, IDA Foundation’s healthcare hub, and a new Fulfillment Center by Amazon.
Additionally, the Logistics District initiated a regional-first Remote Inspection project with Dubai Customs to expedite business operations and reduce the time required for customs inspections by utilising advanced technologies and artificial intelligence. Dubai South also announced the completion of its blockchain integration system in partnership with Dubai Customs, becoming the first free zone in Dubai to achieve this milestone.
Ends
Also read: Dubai South unveils Phase 3 of South Bay
