Overview
Dubai World Central (DWC), now known as Dubai South, is a visionary urban development located near Al Maktoum International Airport in Jebel Ali. Spanning over 140 square kilometers, DWC is designed to be a global hub for aviation, logistics, commerce, and residential living. The project aims to accommodate up to 900,000 residents upon completion, positioning itself as a comprehensive city that integrates business, leisure, and lifestyle seamlessly.
Neighborhood
Dubai South is structured into several key districts, each catering to specific aspects of urban life:
Residential City: Offers a mix of villas, townhouses, and apartments, providing diverse housing options for families and individuals alike.
Commercial City: Envisioned as a business and finance hub, it will feature over 850 towers and up to 25 hotels, supporting a workforce of around 130,000 people.
Golf City: Home to the Trump International Golf Club, this area includes an 18-hole championship golf course and various residential complexes, in other words combining leisure with luxurious living.
District 2020: The legacy of Expo 2020, this district will preserve 80% of the Expo site, offering smart infrastructure, residential areas, co-working spaces, and green landscapes.
Features
Dubai South is designed with modern infrastructure to support its diverse functions:
Transportation: The community is accessible via major highways like Emirates Road (E611), Sheikh Mohammed Bin Zayed Road (E311), and Expo Road (E77). Public transportation includes RTA bus route F55, connecting residents to Ibn Battuta Metro Station and Al Maktoum International Airport.
Amenities: Residents have access to over 120 kilometers of roads. There are two operational metro stations with three more planned, therefore promising a wide metro connectivity. There are 15 public parks, including a central lake park with boat access. Numerous world-class hotels such as Staybridge Suites, Holiday Inn, and Rove Expo 2020 provide enormous leisure opportunity .
Business Environment: Dubai South encourages foreign investments, offering exemptions from import/export fees and full repatriation privileges for companies operating with 100% foreign ownership, provided they meet certain criteria.
Properties
Residential Properties
Sale Prices:
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The Pulse Villas: Approximately AED 2.44 million
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Greenview: Around AED 2.19 million
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Parkside 2 & 3: Between AED 1.98 million and AED 2.05 million
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Urbana Series: Starting from AED 1.37 million
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Majestique Residence 1: Approximately AED 760,000
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Celestia A & B: Between AED 514,000 and AED 601,000
Rental Prices:
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Celestia Apartments: Starting from AED 20,000 per year
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Villas and Townhouses: Prices range depending on size and amenities; specific figures can be obtained through real estate listings.
Commercial Properties
Sale Prices:
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Retail Spaces in Azizi Venice: Prices range from AED 1.9 million to AED 6.4 million, depending on size and location.
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Commercial Shops in Celestia A: Approximately AED 2.08 million for a fully fitted retail space.
Rental Prices:
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Retail Spaces: Rental rates vary based on size and location; specific figures can be obtained through real estate listings.
Investment Potential:
Dubai South therefore presents a promising investment opportunity with a gross rental yield of 7.73%, reflecting its growing popularity among residents and businesses alike.
In summary, Dubai South is emerging as a dynamic community that harmonizes residential comfort with commercial vibrancy, indeed offering a forward-thinking environment for both living and investment.
Since the starting purchase prices and rental rates vary based on size and type of properties, please contact QAE Real Estate at +971 42222669 for any assistance.
