Dubai South Properties launches fourth phase of South Bay waterfront development

Project includes more than 800 villas and town houses and more than 200 waterfront mansions

Launched in 2022, South Bay based in Dubai South's Residential District includes more than 800 villas and town houses and more than 200 waterfront mansions. Dubai South

Dubai South Properties has launched the fourth phase of its South Bay waterfront development after selling out the first three phases, which includes more than 600 villas.

The master developer also appointed Al Kharafi Construction Company to build three phases of its South Bay waterfront development.

The contract, worth Dh1.5 billion ($408 million), covers phases three, four and five of the project on Expo Road.

Slated for completion in the first quarter of 2027, the fourth phase includes 138 units comprising three, four and five-bedroom villas and a limited number of five-to seven-bedroom mansions.

Launched in 2022, South Bay in Dubai South's Residential District includes more than 800 villas and townhouses and more than 200 waterfront mansions.

The centrepiece of the scheme is a one-kilometre lagoon that will provide more than three kilometres of a waterfront promenade. The planned amenities include a lake park, beaches, water parks, swimming pools and a clubhouse, as well as cafes and a shopping mall.

In June, Dubai South launched phase three of the project with more than 200 villas and townhouses and waterfront mansions – currently priced between Dh18 million to Dh19 million – after it sold out the first two phases of 400 units.

South Bay incorporates a total of 6 phases. The first two phases – currently under construction – are completely sold out, and the company said it is planning to release the last two phases in the second quarter.

Nabil Al Kindi, chief executive of Dubai South Properties, said the project “has witnessed lots of interest since its launch”.

“The sell-out of each phase upon launching on to the market exemplifies South Bay’s uniqueness,” he said.

First apartments

Mr Al Kindi said Dubai South will launch an apartment project in the coming weeks which is expected to “create huge interest among investors”.

“We are also excited to announce that soon we will be launching our next project specifically catering to the demand for high-quality apartments in Dubai South, which will be a first-of-its-kind in Dubai South,” he said.

The Palm Jumeirah saw the majority of deals in luxury and super luxury sales in Dubai in 2023. AFP

At 450m, the Franck Muller Aeternitas tower will be one of the tallest in the city when complete in 2027. It will feature 649 one, two and three-bedroom apartments, plus duplexes, over 106 floors – all topped by a giant clock. Photo: London Gate

Bayz 101 by Danube will have 1,346 apartments and is the developer's largest project to date in terms of both units and overall space. Photo: Danube Properties

Sharjah property developer Arada has launched sales for its luxury project in Dubai, the Armani Beach Residences at Palm Jumeirah. Prices start at Dh21 million ($5.7m). Photo: Arada

Designed by Japanese Pritzker-Prize-winning architect Tadao Ando, in collaboration with fashion icon Giorgio Armani, Armani Beach Residences features 53 two to five-bedroom residences, plus penthouses and two presidential suites. Photo: Arada

One of the largest private penthouses in Dubai is on sale for Dh600 million. It comprises the three top-three levels and rooftop of Raffles The Palm Dubai Residences. Photo: Emerald Palace Group

Dubai's AHS Properties has launched a $850 million project called Casa Canal, located at Dubai Water Canal. Photo: AHS Properties

Casa Canal will have a mix of residences, including three-bedroom penthouses, four and five-bedroom villas and six-bedroom mansions. Units are priced between Dh22.5 million and Dh185 million and the project is set to be delivered in late 2025. Photo: AHS Properties

Nakheel, the developer behind The Palm Jumeirah, launched the first waterfront villa project on the Palm Jebel Ali in 2023. Leslie Pableo / The National

The launch of properties on four fronds of Palm Jebel Ali offer two types of homes – coral and beach villas, says Nakheel. Photo: Nakheel

Dubai developer Sankari Properties is building a $1 billion ultra-luxury project in Marasi Business Bay. Units will start at $10 million. Photo: Sankari Properties

Damac launched Cavalli Couture on Dubai Water Canal in 2022. The 14-storey building features 70 units, comprising three, four and five-bedroom duplex sky villas and duplex penthouses. Photo: Damac

Jumeirah Bay Island is one of Dubai's prime residential neighbourhoods. Photo: Bulgari

There were close to 50 sales of Jumeirah Bay Island properties in excess of $10 million in 2023.

Also much sought-after is The Mansions, Lanai Islands, Tilal Al Ghaf, Dubai. Photo: Knight Frank

A luxury villa in Dubai's Emirates Hills sold for Dh102.8 million in 2022. Photo: Phoenix Homes

“This new development promises an elevated living experience with meticulously crafted luxury finishes and thoughtfully designed amenities.”

Property search websites have listed the apartment project as South Living, a luxury 12-storey development of studios, one, two and three-bedroom apartments.

The Residential District at Dubai South is already home to more than 25,000 people.

Construction has started on a British-curriculum school, with registrations to open soon. Amenities in the area include public parks, sports courts, retail shops, a Lulu hypermarket which opened in March last year, a mosque, a petrol station and a public bus route connecting to Expo 2020 Metro station.

Dubai's luxury home market hit record levels in 2023 as sales of $10 million-plus homes nearly doubled to $7.6 billion, performing better than London and New York, Knight Frank said last month.

While sales within the price bracket rose by 91 per cent last year, about a third (28 per cent) of the 431 transactions were completed in the final quarter.