UAE News Today : Business

Dubai South records 2023 as its best performing year to date

Dubai South, the largest urban master development focused on aviation, logistics and real estate, concluded 2023, its best performing year to date, marking numerous notable achievements across its different divisions.

These achievements spanned welcoming new businesses, successfully selling projects and establishing high-profile partnerships.

During 2023, Properties in Dubai South (DSP) delivered phase 1 of its Pulse Villas project, consisting of 268 units. The Pulse Villas, a one-of-a-kind development in the residential district, launched in 2021 and features 342 2, 3 and 4-bedroom units across its phases, with phase 2 delivery scheduled for Q1 2024.

real estate activity in Dubai South remained strong through 2023, with DSP successfully launching and selling the first three phases of its flagship South Bay project. With more than 800 spacious villas, townhouses and more than 200 luxurious waterfront mansions, South Bay will also be home to a 1 kilometer lagoon and more than 3 kilometers of boardwalk.

Ginco General Contracting The construction works for the first two phases of the project were awarded.

2023 also witnessed a renewed focus on social infrastructure development in the residential district with the opening of a 50,000 sq ft hypermarket and a large community park with children’s play areas and activity zones. Construction activity for the first British Curriculum school in the Dubai South area also began during 2023.

428 new licenses were also granted to new companies and 95% of existing companies were retained, bringing the total to 4,101 companies operating from Dubai South.

The Logistics District of Dubai South signed several notable deals to cement its position as a key contributor to the growing logistics sector in the UAE. These include a partnership with dnata to enable a digitally driven gate control mechanism for shipments at Dubai South cargo handling terminals; an agreement with Beijing New Aerotropolis Holdings China establish a comprehensive framework to foster cooperative relationships; and an MoU with Sinotrans, a subsidiary and unique logistics platform for China Traders Groupto establish its first logistics and e-commerce center in the Middle East in Dubai South Logistics District.

Several openings also took place during 2023, including the Audi Volkswagen MEA Distribution Center, the IDA Foundation healthcare center, and a new Amazon Fulfillment Center.

Furthermore, the Logistics District initiated an innovative and regionally pioneering remote inspection project with Dubai Customs to accelerate trade operations and reduce the time required for customs inspections through the use of advanced technologies and artificial intelligence. Dubai South also announced the completion of its blockchain integration system in partnership with Dubai Customs, becoming the first free zone in Dubai to achieve this milestone.

In your comments, HE Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai Southsaying:

“We are delighted to witness the continued and sustainable growth of Dubai South and its various districts year after year. This remarkable progress is attributed to numerous government initiatives aimed at boosting the emirate’s economy, as well as our meticulous planning, which has consistently driven investments across multiple industries in Dubai. Looking ahead to next year, we have an optimistic outlook and aim to achieve even greater milestones across Dubai South.”

Dubai South is Dubai’s largest urban master development focusing on an aviation and logistics ecosystem hosting the world’s largest airport when fully operational, complemented by multi-modal transport infrastructure connecting air, land and sea. Dubai South aims to create a vibrant living and working community by leveraging its unique aviation, logistics and real estate products and services and world-class infrastructure solutions.

News source: Dubai Press Office

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