Dubai South, Discovery Land sign deal to develop luxury community
- 22 Apr 2022
Dubai South, an urban master development focusing on aviation, logistics and real estate, announced the signing of an exclusive agreement with Discovery Land, a renowned US-based luxury real estate developer, to develop a luxurious 2 square-kilometre golf community that would include mansions, villas, an 18-hole golf course, as well as other premier amenities.
In the presence of Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, and Chairman and Chief Executive of Emirates Airline and Group, the agreement was signed between Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South; and Michael Meldman, Founder and Chairman of Discovery Land; with senior executives from both entities in attendance.
Discovery Land purchased the plot of land that will be utilised for the development of the spacious luxury golf community, which will be built up to the highest standards and become among the top golf course communities in the region once completed.
Commenting on the agreement, Al Zaffin said, “We are pleased to sign this agreement with a reputable international developer that enjoys a great track record of delivering luxurious communities across the US and other countries. The new project reiterates Dubai’s attractiveness to global investors and Dubai South’s unique ecosystem and advanced infrastructure, which caters to the needs of businesses and investors alike.”
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, ended 2021 on a high note by recording several outstanding achievements across its different divisions, which includes attracting new clients and companies, the selling out of projects, signing top-level partnerships and launching unique projects.
Master developer Dubai South Properties handed over almost all its units at The Pulse, an urban mixed-use development comprising 1,400 apartments and 240 townhouses, and thanks to the project’s success, the company launched The Pulse Villas, with the first and second phase has already sold out.
Following the inauguration of Expo 2020 Dubai, and based on popular demand, The Pulse Beachfront was launched, and the company succeeded in selling out phases one and two to interested investors, with the final phase due to launch in Q1 2022.
The Residential District Villa Plots (Baiti) was also launched, and the company also sold out all the plots on sale. The Pulse community development was launched in phases and continues to grow rapidly, attracting end-users and new buyers due to its unique features, strategic location and the company’s track record in delivering on its promises.
The Residential District currently boasts a population of over 25,000 residents, who are enjoying the unique lifestyle and amenities that it offers. Moreover, Sakany, Dubai South’s first leasehold staff accommodation that emphasises resident welfare has an occupancy rate of 99 per cent.
The company also launched another project, The Avenue, a limited number of commercial freehold plots that can be purchased on a payment plan and developed by investors for commercial use.
As a result of the optimum services and business solutions it offers to customers, the Business Park at Dubai South recorded outstanding numbers in 2021 compared to 2020 by leasing 243,805 square feet of space, and retaining 85 per cent of the companies there.
The total number of companies now operating out of Dubai South reached 4,600, attracting more than 700 new companies. Moreover, the total number of people working out of Dubai South will reach 20,848 individuals by the end of 2021.
Dubai South is Dubai’s largest single urban master development focusing on an aviation and logistics ecosystem that houses the world’s largest airport when fully operational complemented by a multi-modal transport infrastructure connecting air, land and sea. Positioned as a global transport hub and major contributor to the economic growth of Dubai and the United Arab Emirates, Dubai South offers business-friendly free zone benefits and a living environment with a diverse range of residential homes and apartments to suit different lifestyles.
Dubai South’s Logistics District was formed as part of Dubai South’s key offerings to provide leading solutions to the global supply chain system. The 18 sq. km district facilitates movement of goods through the logistics corridor, allowing cargo to be moved from port to airport in just 20 minutes. The advanced infrastructure includes warehouse facilities and enables flexible storage systems to support a seamless flow of goods, products, and services.
In addition, the district comprises of a purpose-built e-commerce zone EZDubai, a 920,000 square-meter zone dedicated to enhancing e-commerce facilities in the UAE and the region with its range of business solutions for multinationals and small and medium enterprises (SMEs). It consists of six dedicated areas serving the for various types of e-commerce business needs such as last mile centers, e-fulfilment centers, repair & return centers, supply centers and office solutions.
