Dubai South Launches Fourth Phase: South Bay Development

Dubai South Properties has initiated the rollout of the fourth phase within its South Bay waterfront development, following the successful sale of the initial three phases. This latest phase comprises more than 600 villas, marking a significant expansion in Dubai's real estate landscape.

To facilitate the construction of phases three, four, and five, the master developer has contracted Al Kharafi Construction Company in a deal valued at Dh1.5 billion ($408 million). These phases are strategically positioned along Expo Road, a prominent thoroughfare within the city.

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Scheduled for completion in the first quarter of 2027, the fourth phase introduces 138 residential units, encompassing three, four, and five-bedroom villas, along with a select number of expansive mansions boasting between five to seven bedrooms.

Initially launched in 2022, South Bay forms a vital component of Dubai South's Residential District, showcasing an impressive array of over 800 villas and townhouses, alongside 200+ luxurious waterfront mansions.

At the heart of this development lies a sprawling one-kilometer lagoon, serving as the focal point of a meticulously planned waterfront promenade stretching over three kilometers. Future residents can anticipate an array of amenities, including a serene lake park, pristine beaches, water parks, swimming pools, a clubhouse, cafes, and a shopping mall, elevating the community living experience to unprecedented levels.

In June, Dubai South commenced phase three of the project, featuring an additional 200 villas, townhouses, and waterfront mansions, currently valued between Dh18 million to Dh19 million. The overwhelming demand led to a rapid sell-out of the initial two phases, each comprising 400 units.

Notably, South Bay's development roadmap encompasses a total of six phases, with the first two phases already underway and fully subscribed. Plans are underway to unveil the remaining phases in the second quarter, further diversifying the offerings within this prestigious development.

Nabil Al Kindi, Chief Executive of Dubai South Properties, expressed his satisfaction with the project's progress, citing the consistent market interest and rapid sell-out of each phase upon launch as a testament to South Bay's exceptional appeal.

In addition to the ongoing residential developments, Dubai South is poised to introduce a groundbreaking apartment project in the near future, catering to the escalating demand for upscale living spaces within the city. This forthcoming venture promises a superlative living experience characterized by luxurious finishes and meticulously designed amenities, poised to redefine residential standards in Dubai South.

Meanwhile, the Residential District at Dubai South continues to thrive, currently accommodating over 25,000 residents. Construction has commenced on a British-curriculum school, complemented by an array of amenities such as public parks, sports courts, retail outlets including a Lulu hypermarket, a mosque, a petrol station, and a public bus route linking to the Expo 2020 Metro station.

The buoyancy of Dubai's luxury real estate sector is underscored by recent market trends, with sales of homes priced at $10 million and above nearly doubling to $7.6 billion in 2023. Outperforming global counterparts such as London and New York, Dubai's luxury home market remains a beacon of resilience and growth, attracting discerning investors seeking unparalleled lifestyle opportunities in the vibrant metropolis.