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Tag: Al Maktoum Airport

  • Dubai South Awards Dh2 Billion Contract for HAYAT Residential Project

    Dubai South Awards Dh2 Billion Contract for HAYAT Residential Project

    Dubai South Properties, the real estate development arm of Dubai South, confirmed the appointment of Mohammed Abdulmohsin Al Kharafi & Sons LLC for the contract, which will cover several phases of HAYAT by Dubai South, a master-planned development spanning 10 million square feet.

    The project is located near Al Maktoum International Airport, adjacent to the Golf District, and is planned as an integrated community focused on balanced living and wellness-oriented amenities.

    HAYAT will include around 2,500 residential units, ranging from one- to five-bedroom layouts. The mix will feature townhouses, semi-detached and standalone villas, mansions, apartments and hotel apartments.

    Nabil Al Kindi, Group CEO of Dubai South, said:

    Since its launch in 2025, the project has witnessed strong demand and interest, driven by its unique positioning and wellness-inspired features. Through this development, we are focused on creating a well-balanced community that combines quality living, connectivity, and lifestyle-driven amenities, while reinforcing Dubai South’s position as a key destination for residents and investors.

    The homes are designed with a minimalist architectural style, offering privacy, flexibility and contemporary living spaces.

    The development will also include amenities such as parks, shaded walking trails, play areas, outdoor recreation spaces, fitness facilities, community pools and landscaped gardens. Plans also include lagoons, a scenic lake, a community mall and a retail boulevard with shops, cafés and essential services.

    The location offers access to major roads and economic hubs, including Al Maktoum International Airport, Sheikh Mohammed bin Zayed Road, Emirates Road, Jebel Ali Free Zone and Dubai South Free Zone.

    Construction is scheduled to begin in the second quarter of 2026, with initial phases expected to be completed by 2028.

    Dubai South said it continues to expand its residential ecosystem with facilities including parks, sports courts, retail outlets, a 50,000-square-foot hypermarket, a mosque, a petrol station, and a public bus route linking to the Expo Metro station. The area also includes a GEMS Founders School, and a 200,000-square-foot mall is under development.

    The Dh2 billion HAYAT project adds to Dubai’s expanding residential pipeline as the emirate continues to attract investor interest. Earlier in March, Futura EDGE launched Oak Yard Residences in JVC, while BEYOND Developments unveiled an 8 million sq ft masterplan at Dubai Maritime City, reflecting the sustained momentum across multiple districts.

  • DMCC Unveils 600-Metre Tower for Uptown District Phase 3

    DMCC Unveils 600-Metre Tower for Uptown District Phase 3

    The proposed megatall tower represents the latest expansion of DMCC’s strategic development in Dubai’s southern corridor, aligning with the emirate’s broader infrastructure transformation centered on Al Maktoum International Airport.

    Phase 1 of the Uptown District delivered the 340-metre Uptown Tower and central plaza. Phase 2, comprising two Grade A office towers and two residential towers, is under construction with completion scheduled for late 2027 and early 2028.

    Strategic positioning around future aviation hub

    Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, emphasized that the development responds to tangible market demand rather than speculative construction.

    “We build to meet the clear, growing requirements of a global trade community that is outgrowing its current footprint. The decision to develop the world’s largest airport in the southern corridor has broadened Dubai’s economic centre of gravity. Uptown District is the strategic anchor of this corridor.”

    The reference to structured capital allocation aligns with broader market trends as institutional investors prioritize strategic positioning over short-term gains.

    According to DMCC, approximately 50% of the tower’s space will be allocated to Grade A offices designed for multinational companies consolidating regional operations. The development will also include a luxury hotel operated by an international hospitality brand and high-end residential units.

    Smart infrastructure and connectivity

    The tower will incorporate smart-building systems and sustainability features, with direct integration to the Dubai Metro via a climate-controlled link bridge. Road infrastructure upgrades, including flyover access to Sheikh Zayed Road, are planned to support increased traffic capacity.

    DMCC stated the project targets continued demand from high-net-worth individuals relocating to Dubai, a trend reflected in recent market data showing sustained buyer interest across premium segments.

    The tower will feature a public viewing deck intended to attract visitors and serve as a vertical landmark for the district.

    Financial backing and market context

    DMCC confirmed that several major banks have expressed interest in partnering on the development, though specific financial details and timelines were not disclosed.

    Bin Sulayem described the development as part of creating “a sophisticated ecosystem where commerce and lifestyle are inextricably linked,” positioning the megatall tower as the district’s vertical anchor.

    The announcement comes as Dubai’s commercial property sector recorded Dh17.1 billion in sales during early 2026, with limited Grade A office supply in core business districts driving investors and corporates to secure prime space amid occupancy rates exceeding 95%.

    The planned expansion of Al Maktoum International Airport, set to accommodate 260 million passengers and 12 million tonnes of cargo annually, is reshaping development patterns across Dubai’s southern districts and reinforcing the strategic value of projects like Uptown District.