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Reading: Dubai South Properties sells out final phase of South Bay in just four hours – News
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Gulf Press > Business > Dubai South Properties sells out final phase of South Bay in just four hours – News
Business

Dubai South Properties sells out final phase of South Bay in just four hours – News

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Last updated: 2024/06/15 at 5:21 AM
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Dubai South Properties has announced the successful sell-out of the final phase of its development in the heart of Dubai South’s Residential District, South Bay, in just four hours after launching it onto the market. This new launch, which incorporated 160 units comprising of townhouses and semi-detached villas, follows the sell-out of all previously launched units across different phases, showcasing the high demand for properties in the area. Construction contracts for all phases have been awarded and work is progressing on site.

Once complete, South Bay will boast over 800 spacious villas and townhouses, more than 200 waterfront mansions, a kilometre-long lagoon, over 3 kilometres of a waterfront promenade with cafes, multiple beaches, a clubhouse, state-of-the-art fitness centres, lush parks, a shopping mall, a renowned spa, kids’ clubs, waterparks, swimming pools, a lake park, and private beaches, among other amenities. This comprehensive range of amenities aims to provide future residents with a luxurious and upscale living experience.

Nabil Al Kindi, CEO of Dubai South Properties, expressed his pleasure at the overwhelming interest the project has received, attributing it to the project’s unique value proposition and state-of-the-art amenities that are set to enrich the lifestyles of future residents. The sell-out of all units reaffirms the project’s attractiveness to investors and buyers, and highlights Dubai South’s prominent position due to its strategic location, offerings, and connectivity. The vision of the government to attract one million inhabitants to the area, once Al Maktoum International Airport is complete, aligns with Dubai South’s unique projects that cater to all customer preferences.

Dubai South has been enhancing its Residential District with amenities for the comfort and convenience of its tenants. These amenities 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. Additionally, a GEMS Founders School at Dubai South has started accepting student enrollments for the academic year 2024-2025, subject to KHDA approvals. With over 25,000 residents currently residing in the Residential District, it has become a popular choice due to its distinctive lifestyle, range of amenities, and several gated residential communities with apartments and townhouses.

In conclusion, the success of South Bay’s final phase sell-out reiterates the strong demand for properties in Dubai South’s Residential District. The development’s comprehensive range of amenities and strategic location have attracted investors and buyers, showcasing Dubai South Properties’ effective approach in launching its projects. As Dubai South continues to grow and attract more residents, its commitment to providing upscale living experiences through premium units and a variety of amenities remains unwavering. The future looks bright for Dubai South, with plans to further enhance the Residential District and accommodate the increasing demand for property in the area.

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News Room June 15, 2024
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