12 July 2022 – The National News – www.thenationalnews.com
Dubai South Properties will develop a new residential community along the Expo Road that is strategically located for easy access to and from the wider city.
The South Bay master development at The Residential District of Dubai South will comprise more than 800 villas and more than 200 waterfront mansions, the company said on Tuesday, according to a statement by the Dubai Media Office.
The value of the development, however, was not disclosed.
While sales will begin in September, customers can start registering their interest now, with more information on the project to be announced in due time, the statement said.
“The launch of South Bay comes in light of our successful sell-out of all the residential projects we had launched over the past few years,” a spokesman from Dubai South Properties said.
“With the Expo site now transforming into Expo City Dubai by October and based on the huge demand for premium properties in the area, this project will be an ideal option for those seeking quality living with world-class amenities at competitive prices.”
Dubai’s real estate sector has strongly rebounded from the effects of the Covid-19 pandemic. Real estate transactions totalled 6,652 in May, which was the highest volume in the past decade, the Dubai Land Department (DLD) said last month.