Dubai South has put another feather to its cap by hosting the ongoing Expo 2020, which is attracting a large number of visitors every day. In 2021, it attracted more than 700 companies.
The world’s largest single-urban development had a stellar year in 2021, and it aims to do so again in 2022. It attracted a variety of new companies and clients in 2021, as well as launching innovative projects while selling existing ones and forming high-level partnerships. In 2021, Dubai South Business Park leased 243,805 square feet of space and kept 85 percent of its tenants.
Following the phenomenal success of The Pulse, Dubai South Properties has introduced The Pulse Villas, which is poised to follow in the footsteps of the first and second phases of the project are already sold out. The first (The Pulse) is a mixed-use development with 240 townhouses and 1,400 flats, while the second (The Pulse Villas) is a villa-only development.
After Expo 2020 began, the business created another project, The Pulse Beachfront, which consists of 3–5-bedroom townhouses. The first two stages have already sold out, with the third and final phase set to begin in the first quarter of 2022. Residential District Villa Plots were also introduced by Dubai South Properties, and they were all sold out quickly. Some of the primary criteria that elicited a favourable response from purchasers and investors were the strategic location, distinctive features of the project, and prompt delivery of previous projects. In The Avenue, a project by Dubai South Buildings, buyers and investors can choose from a variety of freehold plots offered on an easy payment plan for commercial properties.
More than 25,000 people live in the district now, and that number is likely to climb even more after Expo 2020 transforms into District 2020, a mixed-use and sustainable city. The first leasehold employee housing in the area, Sakany, has a 99 percent occupancy rate. It was created with the intention of focusing on the well-being of the residents.
There are already approximately 4,600 businesses working in Dubai South, with a total workforce of 20,848 expected by the end of 2021.
Dubai South began as a Dubai government initiative in 2006. With a total size of 145 square kilometres and numerous new buildings planned, it is on its way to becoming one of Dubai’s most important residential and business areas.