Dubai South is reportedly planning to invest roughly Dh1 billion for the development of infrastructure and commercial structures with a major emphasis on swift coordination over the next few years. As per reports, Dubai South is witnessing rapid development on a year-on-year basis, particularly in the real estate and office sectors and due to its proximity to the World Expo 2020 site, this region should definitely witness skyrocketing values. This announcement came after the new freight terminal by RSA National (JV between UAE based RSA Global and United States based National) was opened at the Dubai World Central, located in Dubai South.
Around Dh50 million has already been deployed into the newly opened office. The second stage of development will witness another 18, 000 sq. m of development taking place along with the setting up of more infrastructure. The organization currently works across India, UAE and Kenya. Experts feel that the successful development of facilities at Dubai World Central should be a major attraction for investors considering this region for property purchases or investments in commercial real estate.
The aeronautics industry may actually find a new hub in Dubai South, something that may give an impetus to the growing commercial sector here during the World Expo 2020. The event is expected to give a massive boost to the infrastructural development prospects of Dubai South along with creating huge demand for residential housing and hospitality properties.
