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

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

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

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

Real property exercise in Dubai South remained sturdy by way of 2023, with DSP launching and efficiently promoting the primary three phases of its flagship South Bay undertaking. Featuring over 800 spacious villas, townhouses, and greater than 200 luxurious waterfront mansions, South Bay can even be dwelling to a 1-kilometre lagoon and over 3 kilometres of a waterfront promenade. Ginco General Contracting was awarded the development work for the primary two phases of the undertaking.

2023 additionally witnessed a renewed deal with growing social infrastructure within the Residential District with the opening of a 50,000-square-foot hypermarket and a big group park that includes youngsters’ play areas and exercise zones. The building exercise for the primary British curriculum faculty within the Dubai South space additionally commenced throughout 2023.

428 new licenses had been additionally issued to new corporations, and 95% of present corporations had been retained, bringing the full to 4,101 corporations 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 determine a complete framework for nurturing cooperative relations; and an MoU with Sinotrans, a subsidiary and single logistics platform for China Merchants Group, to determine its first Middle East logistics and e-commerce hub on the Dubai South Logistics District.

Several inaugurations additionally befell throughout 2023, together with the Audi Volkswagen MEA Distribution Centre, IDA Foundation’s healthcare hub, and a brand new Fulfillment Center by Amazon.

Additionally, the Logistics District initiated a groundbreaking, regional-first Remote Inspection undertaking 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 attain this milestone.

In his feedback, HE Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, stated: “We are delighted to witness the continuous and sustainable growth of Dubai South and its various districts year after year. This remarkable progress is attributed to the numerous government initiatives aimed at bolstering the emirate’s economy, as well as to our meticulous planning, which have consistently driven investments across multiple industries in Dubai. As we look ahead to the coming year, we hold an optimistic outlook and aspire to achieve even greater milestones throughout Dubai South.”

Dubai South is Dubai’s largest single city grasp growth 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 dwelling and dealing group by leveraging its distinctive aviation, logistics, and real-estate services and products and world-class infrastructure options.