The demand for properties in “Dubai South” has seen a significant increase by investors during the first half of this year, following an 11% increase in residential property transactions during 2023.
The real estate sector in Dubai recorded a historic performance with the highest half-yearly sales ever in the first six months of this year. Real estate investments constitute 70% of the total investments in Dubai South, which is launching strategic and well-thought-out projects that meet the needs and preferences of investors and end-users. Recently, there has been a price increase of up to 30%, according to data from Dubai’s Land and Property Department.
Nabil Al Kindi, CEO of Dubai South Properties, said, “Looking to the future, we are on the right track to complete and deliver approximately 2,500 units by 2025. It is expected that other developers in Dubai South will add about 5,500 units to the market.”
He affirmed that their commitment to Dubai South is ongoing, as they continuously work on upgrading the residential area, which houses more than 25,000 people enjoying a distinctive lifestyle, a variety of amenities, and several gated residential communities. The area has been enhanced with amenities and services such as public parks, sports fields, retail shops, a hypermarket covering 50,000 square feet, a mosque, and a gas station.
