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  NEWS AND EVENTS Property Ref:   

 Dubai South to be next driver of real estate growth in the UAE
 
2 Dec 2015
UK City Investments Manchester.
Dubai South is set to be the next real driver of growth for the real estate and construction sector in Dubai. The upcoming projects at Dubai South offer diversity, choice and value for investors in the current market. The Al Makotum International Airport is on track to become the central hub for aviation travel in both the local region and internationally as it connects flights from Europe, Asia, Africa to the other continents in the world. The Dubai Expo 2020 will also be hosted in the Dubai South community at the dedicated Exhibition District.
Three residential schemes are currently in progress at Dubai South offering a mix of affordability, mid-market and higher-end options. MAG 5 Boulevard is focused on the affordable sector with thirteen buildings offering a mix of studios, one, two and three bed apartments in the current price range of AED 510k to AED 1.5m. The demand will be strong from employees working at the Al Maktoum International Airport and various districts within the Dubai South master community. The other option available to investors and end-users are the residential units at The Villages, which will comprise of five different villages and is expected to cost AED 25 billion to construct. The Villages will target the middle income section of the market and the development theme is centered on happy, creative and empowered people living in a vibrant community. The first phase of 6000 apartments is expected to go on sale in Q1 2016. Finally, Golf City will be developed via joint venture between Dubai South and Emaar to create a mid to high end golf community. The planning is in the early stages and more details will be released over the coming months. The combination of Emaar’s development expertise and the vision of Dubai South will ensure another successful and well-planned community in Dubai.
Dubai South with its excellent mix of residential, commercial, industrial, logistics, healthcare, education, exhibitions, events and entertainment, promises to be a master community that covers all aspects of human needs in Dubai. Combined with its proximity to Jebal Ali Port and Free Zone, Abu Dhabi and the rest of Dubai, it is obvious that this will become a huge growth area and extremely important to the Dubai economy as a whole. Cities grow outwards from major transport hubs like airports as businesses and people who rely on travel want to be within an easy commuting distance. The knock-on effect is that non-aviation related businesses are then required to serve the current businesses, creating a win-win situation for all. As the Al Maktoum International Airport climbs towards its capacity of more than 200 million passengers and 16 million tons of cargo per year, the demand for all the additional services will grow too.

Emirates Property Shop has all the inside information on the upcoming and latest projects in Dubai. We specialize in securing Dubai off-plan properties for our investors and buyers, plus offer a future re-sell program via our international network of buyers and partner agencies.


 
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