Friday 4 February 2022
Dubai South, the largest single urban master development focusing on aviation, logistics, and real estate, ended 2021 by recording several achievements across divisions, including attracting new clients and companies, selling out of projects, signing of top-level partnerships, and launching unique projects.
Master developer Dubai South Properties handed over almost all its units at The Pulse, an urban mixed-use development comprising 1,400 apartments and 240 townhouses. The company has launched The Pulse Villas, with the first and second phases sold out. Following the inauguration of Expo 2020 Dubai, and based on popular demand, The Pulse Beachfront was launched, and the company succeeded in selling out phases one and two to investors, with the final phase slated for launch in Q1-2022. The Residential District Villa Plots (Baiti) was also launched, and the company also sold out all the plots on sale.
The Residential District currently boasts a population of over 25,000 residents. Sakany, Dubai South’s first leasehold staff accommodation that emphasizes resident welfare, has an occupancy rate of 99%.
The company also launched The Avenue, a limited number of freehold commercial plots that can be purchased on a payment plan and developed by investors for commercial use.
The Business Park leased 243,805 square feet of space in 2021 and retained 85% of the companies operating there.
The total number of companies that are now operating out of Dubai South reached 4,600, attracting more than 700 new companies. Moreover, the total number of people working out of Dubai South reached 20,848.
The Mohammed Bin Rashid Aerospace Hub (MBRAH), the platform dedicated to the advancement of the aerospace industry, has rounded up the year by launching several projects. Dubai Helipark's phase one is now operational, and the second phase will be completed in 2022.
The Dubai Free Port, the first Super Vault in the region, was also announced and will be used by VIP travelers and HNWIs seeking to store fine artworks and precious physical assets in secure facilities within a custom-bonded area.
During Dubai Airshow 2021, an agreement with Comlux was signed to develop a hangar facility at MBRAH.
At Logistics District, the first phase of EZDubai was completed, amounting to 50% of the total area of the district. The EZDubai e-commerce zone attracted several companies, including noon, Uda Express, Emirates Post, and FedEx Express, which will also build its new regional hub for the Middle East, Indian Subcontinent, and Africa (MEISA) region at the district. DHL will launch its first Mobile Middle East and Africa Innovation Center at the district.
Dubai South was launched as a Dubai Government project in 2006, representing a 145-square-kilometer master-planned city identified as Dubai’s flagship urban project. It is designed to create 500,000 jobs in an integrated economic environment that supports all types of businesses and industries.