Dubai South Sees Booming Opportunities as New District Transforms UAE

Dubai South, a major single-urban master development in the region bordering Jebel Ali and Expo City, is quickly emerging as one of the most exciting new districts in the UAE, according to a Dubai-based real estate firm.

The $35 billion terminal at Al Maktoum International Airport is driving Dubai South’s development and rejuvenating the real estate market. This terminal will increase capacity to 260 million passengers and create the world’s largest airport, five times the size of the current Dubai International Airport on the other side of the city, according to Unique Properties, which is leading the way in this exciting development.

Surrounding this extensive expansion, the Dubai South Freezone is evolving into a cohesive economic environment that supports businesses and services in technology, events, hospitality, and emerging industries.

The real estate group stated that sustainability is central to Dubai South’s transformation.

Smart city and green technologies ensure that the district is consistent with the UAE’s vision, resulting in long-lasting and dynamic eco-conscious communities that are in high demand, according to the statement.

Damac’s upscale residential projects, waterfront homes, and luxury leisure facilities at Southbay Lagoon, Emaar’s peaceful golf course community, and Expo City’s transformation into a fully integrated modern village are among the real estate proposals already announced for Dubai South.

According to Unique Properties, end users and investors are moving quickly to take advantage of Dubai South’s lower costs and future potential when compared to central regions such as Downtown Dubai, Business Bay, and Dubai Marina.

This phenomenon will only grow as businesses and populations relocate to accommodate the expansion of Al Maktoum International Airport. Dubai South’s rental yields increased by 22.8% in the last six months, with a valuation of AED211.4 million, according to the report.

Data projections predict the arrival of up to one million residents and over 500,000 new job opportunities, propelling further growth in the near to medium term.

Other factors contributing to the investment value of this 145 sq km integrated ecosystem include its status as a free zone with 100% foreign ownership, 100% corporate and personal tax exemption, an on-site visa and licensing authority, and infrastructure-ready plots, it added.