Latest news with #SouthSquare
Zawya
20-06-2025
- Business
- Zawya
Dubai South Properties ready to launch tenders for South Square
Dubai South Properties is preparing to launch the tendering process for its upcoming South Square development, CEO Nabil Al Kindi told Zawya Projects. 'Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard,' he said. The project, located close to new Al Maktoum International Airport terminal, is scheduled for completion in the fourth quarter of 2028. 'On-time delivery is more than a goal — it's embedded in our operational DNA,' he said Al Kindi stated that minor price corrections are part of a healthy real estate market but emphasised that his outlook remains firmly optimistic. Interview excerpts What market factors have compelled you to launch South Square? Since its inception, Dubai South has been envisioned by our wise leadership as the city of the future — a hub offering long-term investment opportunities for both residents and businesses. Over the years, we have witnessed a consistent rise in demand for residential properties within Dubai South, which has steadily gained traction as a preferred destination. This is largely due to its world-class infrastructure, strategic accessibility, modern amenities, diverse offerings, and proximity to key transport hubs such as Al Maktoum International Airport. In 2024 alone, Dubai South recorded a 155 percent year-on-year growth in residential sales, with total sales exceeding 19 billion UAE dirhams - a testament to the area's growing appeal. In response to this surge in demand, we remain committed to launching meticulously planned developments that align with our government's broader vision of attracting one million residents to Dubai South upon the airport's completion. South Square was launched as a direct response to this demand. Its design, location, and features were carefully crafted to meet the needs of today's buyers, which are convenience, wellness, and connectivity. The market's response was impressive, with the first tower of the development sold out entirely within just three hours of launch. This exceptional demand reaffirms Dubai South's position as a sought-after residential community and reflects the strong trust buyers place in our developments. What is the construction cost of the project? We are currently in the tendering phase; however, we anticipate that the construction cost will align with market benchmarks for high-quality developments. Given the ongoing development activity across the city, we work closely with our contractors to ensure the timely and cost-effective delivery of our projects. What is the tendering timeline for South Square? We follow a meticulous process when selecting partners who share our vision and commitment to excellence. Beyond technical capabilities, we seek alignment in values and a demonstrated dedication to quality. This approach is key for a development like South Square, where our objective goes beyond constructing homes — we aim to build a thriving community that delivers long-term value for investors and an exceptional living experience for residents. We are currently in the process of issuing the tender for the project, with an anticipated delivery to our customers by the fourth quarter of 2028. Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard. What is your project's USP in terms of design? We typically work with local and international consultants to bring a diverse and elevated design perspective to each development. Our design approach is rooted in thoughtful planning, ensuring every detail, from layout to functionality, meets the evolving needs of modern residents. We don't see our projects as just structures; we are creating homes and spaces where people live, grow, and thrive. Spacious layouts, smart design, and a focus on liveability are what truly sets our developments apart. What was the biggest challenge in terms of the design of the project? We have extensive experience in delivering large-scale developments comprising thousands of residential units. Our successful track record includes landmark projects such as The Pulse, The Pulse Beachfront, and the soon-to-be-completed South Bay. With this depth of expertise, designing South Square came naturally. What makes this project particularly exciting is its strategic location — just minutes from the new terminal at Al Maktoum International Airport and with direct access to Sheikh Mohammed Bin Zayed Road, ensuring seamless connectivity and strong investment potential. South Square is centered around meaningful connections — with nature, people, and convenience. It includes landscaped outdoor areas, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, essential retail and dining outlets, and co-working spaces — all designed to enrich residents' lives. When do you intend to hand over the project? South Square is scheduled for completion in the fourth quarter of 2028. On-time delivery is more than a goal — it's embedded in our operational DNA. We consistently strive to deliver our projects ahead of schedule, ensuring that investors and end-users can begin enjoying the benefits of our thoughtfully designed communities without delay. What is your outlook on the real estate market in the UAE, particularly Dubai, over the next two years? Dubai has firmly established itself as a global city, on par with the world's leading metropolises. The real estate sector is poised to continue its upward trajectory, driven by the city's key strengths, such as its visionary leadership, robust government initiatives, world-class infrastructure, and a solid legal and regulatory framework, among others. The numbers speak for themselves, with a growing number of millionaires and billionaires choosing Dubai as their home. At Dubai South, we are fully aligned with the government's vision. We are actively launching projects to meet the rising demand for residential units, while ensuring our communities offer modern amenities that support an enriched lifestyle. As is typical of any healthy market, minor price corrections may occur from time to time. However, my outlook remains firmly optimistic. (Reporting by P Deol; Editing by Anoop Menon) (
Zawya
09-06-2025
- Business
- Zawya
Dubai South launches South Square, sells out first tower within three hours
Dubai, United Arab Emirates – Dubai South Properties has announced the launch of South Square, a new luxury residential development strategically located along Sheikh Mohammed Bin Zayed Road, just minutes from the recently announced new terminal at Al Maktoum International Airport. The S4 Tower within the project was launched and completely sold out within just three hours. The project reinforces Dubai South's vision of creating integrated, people-centric communities and comes in response to strong demand from investors and end-users drawn to the area's growing appeal. South Square is a thoughtfully-planned community offering over 550 apartments in a mix of one-, two-, and three-bedrooms layouts. Elegantly designed with a focus on wellbeing and convenience, the community blends modern architecture with wellness-inspired amenities such as landscaped outdoor spaces, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, as well as essential retail, dining outlets, and co-working spaces. Designed for families and individuals alike, South Square promotes meaningful connections between people, nature, and healthy living—delivering a residential experience that reflects the evolving expectations of today's urban residents. Prices for units start at AED 1.1 million, with completion scheduled for Q4 2028. In his comments, Nabil Al Kindi, CEO of Dubai South Properties, said: 'In the past few years, we have witnessed a sharp increase in demand for residential options in Dubai South, driven by its strategic location, modern infrastructure, and exceptional connectivity to the rest of the city. South Square is our response to this momentum—offering spacious homes, wellness-focused amenities, and in proximity to Al Maktoum International Airport and key roads. This project, like all our communities, is designed not just for living, but for enhancing quality of life through value-driven spaces focused on wellness and human connection.' With overall residential sales exceeding AED 19 billion during 2024, Dubai South has quickly gained prominence amongst savvy investors. The area continues to reinforce its residential offerings with amenities for the comfort and convenience of the residents in the community. These include public parks; sports courts; retail shops; a 50,000 square-foot hypermarket, a mosque; a petrol station; and a public bus route connecting the district to the Expo Metro station. Additionally, a GEMS Founders School at Dubai South, opened its doors last year. Currently, The Residential District is home to over 30,000 residents who enjoy its distinctive lifestyle, range of amenities, and several gated residential communities with apartments and townhouses.
Zawya
09-06-2025
- Business
- Zawya
Dubai South to complete new luxury housing project in Q4 2028
Dubai South Properties expects to complete construction on South Square, a luxury residential development close to the new terminal at Al Maktoum International Airport, in the fourth quarter of 2028. The tower was completely sold out within just three hours, the developer said in a statement. South Square houses more than 550 apartments in a one-, two-, and three-bedroom configuration. No financial details or contractor names were disclosed. 'In the past few years, we have witnessed a sharp increase in demand for residential options in Dubai South, driven by its strategic location, modern infrastructure, and connectivity to the rest of the city,' said Nabil Al Kindi, CEO of Dubai South Properties. (Writing by P Deol; Editing by Anoop Menon) (
Arabian Business
09-06-2025
- Business
- Arabian Business
Dubai real estate: New tower sells out in three hours at new South Square development
Dubai South Properties launched South Square, a residential development positioned along Sheikh Mohammed Bin Zayed Road near Al Maktoum International Airport, on June 9, 2025. The S4 Tower within the project sold out completely within three hours of launch. Dubai South investment boom The development responds to demand from investors and end-users attracted to the area. South Square comprises over 550 apartments across one-, two-, and three-bedroom configurations. The community features landscaped outdoor spaces, seed farms, walking trails, water features, a yoga deck, fitness and leisure zones, retail outlets, dining facilities, and co-working spaces. Unit prices begin at AED 1.1 million, with completion scheduled for Q4 2028. Nabil Al Kindi, CEO of Dubai South Properties, said: 'In the past few years, we have witnessed a sharp increase in demand for residential options in Dubai South, driven by its strategic location, modern infrastructure, and exceptional connectivity to the rest of the city. South Square is our response to this momentum—offering spacious homes, wellness-focused amenities, and in proximity to Al Maktoum International Airport and key roads. This project, like all our communities, is designed not just for living, but for enhancing quality of life through value-driven spaces focused on wellness and human connection.' Dubai South recorded residential sales exceeding AED 19 billion during 2024. The area provides residents with public parks, sports courts, retail shops, a 50,000 square-foot hypermarket, a mosque, a petrol station, and a public bus route connecting to the Expo Metro station. GEMS Founders School at Dubai South opened last year.
Trade Arabia
09-06-2025
- Business
- Trade Arabia
Dubai South Properties launches 550-unit South Square
Dubai South Properties has launched South Square, a new luxury residential development located along Sheikh Mohammed Bin Zayed Road, just minutes from the recently announced new terminal at Al Maktoum International Airport. The S4 Tower within the project was completely sold out within just three hours, the developer said. The project reinforces Dubai South's vision of creating integrated, people-centric communities and comes in response to strong demand from investors and end-users drawn to the area's growing appeal, it said. South Square is a community offering over 550 apartments in a mix of one-, two-, and three-bedrooms layouts. Elegantly designed with a focus on wellbeing and convenience, the community blends modern architecture with wellness-inspired amenities such as landscaped outdoor spaces, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, as well as essential retail, dining outlets, and co-working spaces. Designed for families and individuals alike, South Square promotes meaningful connections between people, nature, and healthy living - delivering a residential experience that reflects the evolving expectations of today's urban residents. Prices for units start at AED1.1 million, with completion scheduled for Q4 2028. Nabil Al Kindi, CEO of Dubai South Properties, said: 'In the past few years, we have witnessed a sharp increase in demand for residential options in Dubai South, driven by its strategic location, modern infrastructure, and exceptional connectivity to the rest of the city. South Square is our response to this momentum—offering spacious homes, wellness-focused amenities, and in proximity to Al Maktoum International Airport and key roads. This project, like all our communities, is designed not just for living, but for enhancing quality of life through value-driven spaces focused on wellness and human connection.'
