Dubai South Real Estate, the real estate development arm of Dubai South, today announced the latest developments and preparations to provide the best services and residential projects to meet the needs of investors, residents and visitors seeking to explore the best opportunities offered in Dubai South.
She emphasized the presence of many incentives to investors and residents in the areas of education, health, accommodation and property prices, pointing to initiatives such as reducing the cost of education, by stimulating investors in the education sector to build schools. Total investment in Dubai South has so far reached AED 5 billion.
Sustainability and happiness
"Dubai South is working in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish a comprehensive society," said Khalifa Al-Zafin, CEO of Dubai City City and Southern Dubai. And a cohesive focus on the sustainability and happiness of individuals and investors, as part of the emirate's efforts to make Dubai one of the most important economic centers in the world ».
"We aim to achieve our ambitions to meet the growing demand in the community and economic development sectors in preparation for Expo 2020 Dubai."
Catalysts and initiatives
Dubai South, CEO of Dubai South Real Estate, said: "Dubai South is seeking to become one of the major contributors to the development of Dubai.
Al Awadhi revealed the presence of many incentives to be provided by Dubai South for residents, which are incentives related to education, health and accommodation, in addition to preferential advantages related to property prices.
He pointed to a number of initiatives to attract the population, including an initiative to reduce the cost of education, by encouraging investors in the education sector to build schools in Dubai South and giving them preferential advantages, as is the case for investors in the health sector, And licenses, in exchange for undertakings by developers to give residents in the city competitive prices.
Total investments
In the same context, the development manager of "Dubai South" Ayman Bukhzam, revealed a project consisting of residential units in the category of "House House" will be launched in February worth 250 million dirhams.
He added that the total investment in "Dubai South" to date is five billion dirhams, including one billion dirhams for the development of infrastructure, 1.5 billion dirhams investment in construction projects, and 2.5 billion dirhams investments for a group of real estate investors.
50 thousand residents in the project «residential»
The residential mixed-use residential project comprises three parts: Residential for Employees, Residential One and Residential Square, which together will have more than 50,000 residents on completion.
Residential Housing is a residential complex designed to house more than 17,000 residents in 22 buildings by 2020. More than 6,000 residents are currently living in Phase One.
The Residential One project includes 2, 2 and 3 bedroom apartments, which will be available for rent at affordable prices, as well as green gardens and community centers, sports clubs, commercial centers, and security and maintenance services.
Residential Square is a new shopping destination designed as open spaces, with cafés, restaurants and shops in urban surroundings, parking lots and footpaths.
Hospitality sector
Developments in the hospitality sector include Aloft, which opened in 2018, the Holiday Inn / Staybridge Suites, which will open this year, and the Hilton Hotel, which is due to open by 2020. In addition to other hotel projects, 2000 Hotel Rooms ».