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Dubai Waterfront Development with Dh17m Mansions sells half of its housing stock

Posted by main.admin on June 21, 2024
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Dubai’s real estate scene continues to dazzle with the success of South Bay, a prestigious waterfront development located along Expo Road. Featuring luxurious mansions priced at Dh17 million ($4.63 million), this residential community has already sold half of its premium units, marking a significant milestone in Dubai’s booming property market.

Overview of South Bay

Upon completion, South Bay will boast approximately 800 villas, townhouses, and mansions nestled around a 1-kilometer-long crystal lagoon and a scenic 3-kilometer waterfront promenade. Developed under the auspices of Dubai South Properties, this project epitomizes luxury living in one of the emirate’s most sought-after areas.

Development Details

South Bay forms part of Dubai South’s Residential District, a strategic hub witnessing rapid growth amid Dubai’s housing and population surge. The development aligns with ambitious plans for Expo City Dubai, reflecting Dubai South’s commitment to expanding its residential offerings.

Project Milestones

Dubai South Properties has appointed Ginco General Contracting to spearhead the initial phases of South Bay, a Dh1 billion endeavor. The company recently achieved full sales in its first two phases, highlighting strong investor confidence and demand.

The third phase introduces over 200 villas and townhouses, ranging from three to seven bedrooms, including exclusive waterfront mansions. Each residence is designed with premium features such as marble flooring, fully-equipped kitchens, rooftop “sky gardens,” and private outdoor spaces.

Lifestyle and Amenities

Nabil Al Kindi, CEO of Dubai South Properties, attributes the project’s success to its state-of-the-art amenities tailored for modern living. Residents of South Bay and Dubai South enjoy access to world-class facilities, enhancing their quality of life in alignment with Dubai’s vision as a premier global city.

Already home to over 25,000 residents, Dubai South’s Residential District continues to expand with essential amenities. Future developments include a British school, public parks, sports courts, retail outlets, and a Lulu hypermarket, enhancing convenience and community cohesion.

Investment Opportunities

Interested buyers can now book townhouses and villas in South Bay’s latest phase, with prices starting at Dh2.3 million. Property handovers are slated for the third quarter of 2026, while luxurious mansions, priced between Dh9 million and Dh17 million, are set for completion by mid to late 2025.

South Bay stands as a testament to Dubai’s innovative real estate landscape, offering affluent buyers and investors an unparalleled opportunity to own prime waterfront property. With its blend of opulent residences and comprehensive amenities, South Bay exemplifies Dubai’s commitment to excellence and its aspiration to be a global leader in luxury living.

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