Master-developer Dubai South Properties has announced the launch of The Avenue, a key project offering limited number of freehold plots that can be purchased on a payment plan and developed by investors for commercial use.
The new launch comes following the vast development of Dubai South, the successful sell-out of several freehold projects as well as sales of residential plots at the Residential District that were launched earlier by the company.
The Avenue will vary in sizes, with plots ranging from 30,000 to 55,000 sq ft, while the built up area (BUA) will be in the range of 50,000 to 90,000 sq ft. Prices are highly competitive in comparison with the market, and start at AED250 ($68) per sq ft on BUA.
Dubai South Properties will also offer a payment plan of up to three years. Interested investors will benefit from the dual licensing system whereby, they could obtain all required licenses directly from Dubai South Freezone, saving them time and giving them an abundance of facilities.
Interested land owners will also benefit from the strategic location of the plots in Dubai South, which will also be connected to an upcoming metro station that will be built in the area, in addition to its proximity to Expo2020 alongside the same road and Al Maktoum International Airport, which is set to be the largest airport in the world once completed, as well as, Dubai South’s VIP Terminal which is a 10-minute drive.
"Following the successful sell-out of other mixed-use developments that we had launched over the last few years, and the surge in demand from investors on both residential and commercial properties, we decided to launch The Avenue, hence create an exceptional opportunity for those who are considering owning their private commercial land for their various business needs," stated a spokesperson from Dubai South Properties.
Dubai South is home to a community of freehold as well as leasehold residential, commercial, office, and retail properties. It caters to different lifestyles and is designed to create a vibrant living environment, in line with Dubai South’s drive to enrich the emirate’s urban lifestyle projects to support its economic growth.
"We are also confident that Expo 2020 will play a pivotal role in attracting investors, who will be keen to explore investment opportunities in Dubai. We at Dubai South Properties are committed to cater to the aspirations of potential and existing clientele as well as support the government’s initiatives and plans in attracting foreign direct investments to the emirate" he added.-TradeArabia News Service