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Dubai South Properties will develop a new residential community along the Expo Road that is strategically located for easy access to and from the wider city.
Dubai's real estate sector has strongly rebounded from the effects of the Covid-19 pandemic. Real estate transactions totalled 6,652 in May, which was the highest volume in the past decade, the Dubai Land Department (DLD) said last month.
In the first quarter of 2022, Dubai registered 25,972 property transactions, the highest number of quarterly deals since 2010, DLD said in April. The January-to-March period recorded a total of 20,539 sales transactions worth Dh55.51 billion ($15.11bn).
Dubai South is the emirate's largest single urban master development focusing on an aviation and logistics ecosystem that is home to the Al Maktoum International Airport.
