Dubai South Records Key Achievements During 2023; Best Performing Year to Date

428 new firms attracted by Dubai South.
95% of firms retained.
4,101 firms presently function in Dubai South.

Dubai South, the most important single-urban grasp improvement specializing in aviation, logistics and actual property, concluded 2023, its finest performing 12 months up to now, marking quite a few exceptional accomplishments throughout its completely different divisions. These achievements encompassed the welcoming of latest firms, the profitable promoting out of initiatives, and the institution of high-profile partnerships.

Throughout 2023, Dubai South Properties (DSP) handed over section 1 of its Pulse Villas venture, comprising 268 models. A primary-of-its-kind improvement within the Residential District, The Pulse Villas was launched in 2021 and options 342 models of 2-, 3- and 4-bedroom models throughout its phases, with handover for section 2 slated for Q1 2024.

Actual property exercise in Dubai South remained robust by way of 2023, with DSP launching and efficiently promoting the primary three phases of its flagship South Bay venture. That includes over 800 spacious villas, townhouses, and greater than 200 luxurious waterfront mansions, South Bay will even be house to a 1-kilometre lagoon and over 3 kilometres of a waterfront promenade. Ginco Common Contracting was awarded the development work for the primary two phases of the venture.

2023 additionally witnessed a renewed give attention to growing social infrastructure within the Residential District with the opening of a 50,000-square-foot hypermarket and a big neighborhood park that includes children’ play areas and exercise zones. The development exercise for the primary British curriculum college within the Dubai South space additionally commenced throughout 2023.

428 new licenses have been additionally issued to new firms, and 95% of current firms have been retained, bringing the whole to 4,101 firms working from Dubai South.

The Logistics District at Dubai South signed a number of exceptional agreements to cement its place as a key contributor to the rising logistics sector within the UAE. These embody a partnership with dnata to allow a digitally pushed gate management mechanism for shipments on the Dubai South’s cargo-handling terminals; an settlement with Beijing New Aerotropolis Holdings China to ascertain a complete framework for nurturing cooperative relations; and an MoU with Sinotrans, a subsidiary and single logistics platform for China Retailers Group, to ascertain its first Center East logistics and e-commerce hub on the Dubai South Logistics District.

A number of inaugurations additionally befell throughout 2023, together with the Audi Volkswagen MEA Distribution Centre, IDA Basis’s healthcare hub, and a brand new Success Heart by Amazon.

Moreover, the Logistics District initiated a groundbreaking, regional-first Distant Inspection venture with Dubai Customs to expedite enterprise operations and cut back the time required for customs inspections by utilising superior applied sciences and synthetic intelligence. Dubai South additionally introduced the completion of its blockchain integration system in partnership with Dubai Customs, changing into the primary free zone in Dubai to realize this milestone.

In his feedback, HE Khalifa Al Zaffin, Govt Chairman of Dubai Aviation Metropolis Company and Dubai South, mentioned: “We’re delighted to witness the continual and sustainable development of Dubai South and its varied districts 12 months after 12 months. This exceptional progress is attributed to the quite a few authorities initiatives aimed toward bolstering the emirate’s economic system, in addition to to our meticulous planning, which have constantly pushed investments throughout a number of industries in Dubai. As we stay up for the approaching 12 months, we maintain an optimistic outlook and aspire to realize even better milestones all through Dubai South.”

Dubai South is Dubai’s largest single city grasp improvement specializing in an aviation and logistics ecosystem that homes the world’s largest airport when absolutely operational, complemented by a multi-modal transport infrastructure connecting air, land and sea. Dubai South goals to create a vibrant residing and dealing neighborhood by leveraging its distinctive aviation, logistics, and real-estate services and world-class infrastructure options.