Thursday 21 September 2023

Dubai South awards $272m waterfront development contract

DUBAI, June 5, 2023

Dubai South Properties has awarded a major contract worth AED1 billion ($272.2 million) to Ginco General Contracting for the development of the initial phases of South Bay, the master development located in the heart of The Residential District within Dubai South alongside the Expo Road. 
On completion, the project will boast over 800 spacious villas and townhouses as well as more than 200 luxurious waterfront mansions, a 1-km-long crystal lagoon and more than 3 km of a waterfront promenade in addition to multiple beaches, clubhouse, fitness centres and lush parks.
South Bay offers a wonderful range of spacious townhouses, villas, and waterfront mansions in a picturesque waterfront location. 
The townhouses and semi-detached villas span a built-up area ranging from 2,900 to 5,500 sq ft, in a mix of three, four, and five en-suite bedrooms, stated the developer. 
On the other hand, the luxurious waterfront mansions will feature standalone villas with five- six- and seven- bedroom units with a built-up area ranging from approximately 9,000 to 14,000 sq ft. 
Dubai South Properties said the project is scheduled for completion by Q1 2026.
Strategically located at The Residential District, the South Bay provides residents access to top-class amenities including shopping mall, fitness centres, spas, kids’ clubs and waterparks as well as waterfront cafés, a lake park and private beaches.  
Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, said: "We are delighted by the remarkable response we have received since announcing the project last year, with the first two phases fully sold-out. The real estate industry in Dubai is experiencing unprecedented growth, fueled by various factors that Dubai has to offer, thanks to the visionary initiatives of our wise leadership, which we wholeheartedly align with."
"At Dubai South, our mandate is to deliver premium developments that exceed the expectations of our customers. We strive to provide residents with modern amenities and enriched lifestyles, creating an environment that promotes comfort, convenience, and a sense of luxury," he stated. 
"We are confident that the expertise of the appointed contractor’s will help us realise this project, which will be an ideal option for those seeking quality living with world-class amenities," he added.-TradeArabia News Service


More Construction & Real Estate Stories

calendarCalendar of Events