Towards a Future of Continued Growth and Progress

Nabil Al Kindi, CEO of Dubai South Properties

Dubai has undoubtedly established itself as an attractive investment destination for individuals and corporations worldwide. This appeal is driven by several factors, including government initiatives such as the Dubai 2040 Urban Master Plan, unveiled by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which aims to enhance the quality of life for residents and set the stage for major residential and economic advancements in the city.

Other factors such as the absence of property taxes, high rental yields, competitive pricing per square meter, and the introduction of residency and golden visa programs have solidified Dubai’s reputation as one of the most appealing cities. These elements have propelled strong market performance, enticing more international buyers to choose Dubai as their home and preferred investment destination.

As Dubai continues to evolve, it remains at the forefront of technological and infrastructural advancements, further solidifying its position on the world stage. Additionally, the emirate’s forward-looking leadership and commitment to embracing change ensure that it will continue to thrive and adapt, making it an ever more appealing destination for those looking to invest in a future filled with possibility and potential.

Reflecting this journey, since its inception, Dubai South has aligned with the government's vision to position the emirate as a global hub for aviation and logistics and one of the best cities for living, working, and visiting. Our mandate has consistently been to attract top companies, both locally and globally, encouraging them to establish their facilities here to benefit from state-of-the-art infrastructure and connectivity via air, land, and sea. This is complemented by efficient licensing and advanced services and solutions catering to a wide range of industries. We take pride in contributing to the government's vision and enriching our portfolio of logistics, aviation, and real estate companies.

Over the years, we have successfully positioned Dubai South as an ideal investment destination, attracting a multitude of prominent companies. Our mission, however, does not stop there.

According to Dubai Land Department, 2023 was a landmark year for the real estate sector, marking its strongest performance with 1.6 million transactions and 166,000 real estate deals worth AED 634 billion. Similarly, the automotive sector in the UAE ranks as the second-largest in the GCC and is regarded as one of the main economic drivers; automotive brands have been enhancing their services to deliver exceptional customer experiences, thereby building trust and fostering customer loyalty.

Our real estate projects are launched based on well-studied strategies, which represent the current market demands and cater to future trends. A clear example is our unique development, South Bay, where we successfully sold out each phase upon launching onto the market and have recently announced the appointment of Al Kharafi for the construction of its new phases in a AED 1.5 billion contract. Seeing a demand on apartments in the area, we are also gearing up for the launch of a new apartment complex which will set a new benchmark in luxurious living experiences.

Our recent agreement with AGMC, a leading importer of luxury vehicles in the UAE and a renowned name in the automotive industry for over 40 years, is a testament to our commitment to bringing top companies on board. This collaboration aims to launch a new AED 500 million showroom and service center at Dubai South, offering an exceptional customer experience. It also provides Dubai South tenants and the surrounding areas with convenient access to purchase or service their BMW and MINI vehicles.

This new facility, spanning 33,000 square metres, will be strategically situated at The Business Avenue, a flagship location in Dubai South. It is near the VIP Terminal and Al Maktoum International Airport, offering easy access to Sheikh Mohammed bin Zayed Road, Jebel Ali Free Zone, and Expo Road.

Such agreements give us pride as they solidify our position as an ideal destination for companies to set up their businesses or expand their presence. In turn, we ensure that we extend all the support needed to make this relationship fruitful and provide convenience to customers.