Dubai South Properties launched The Avenue project, which is targeted at commercial investors.

The master-developer Dubai South Properties has launched The Avenue. The new project offers a limited number of freehold land plots as part of phase 1 and can be purchased and developed by commercial investors. The Avenue project will comprise plots with sizes ranging from 30,000 sq. ft to 55,000 sq. ft with starting prices from AED 250 (USD 68) per sq. ft on a built-up area.

The launch of The Avenue follows the development of Dubai South as well as the successful sale of several free ownership projects. There were also sales of residential land plots in the Residential District, which is home to The Pulse, Sakany and JV Developments. The Pulse complex offers 1,400 townhouses and apartments, hotels, shopping malls and retail options. Sakany is the first rented staff accommodation in Dubai South, which offers 16 buildings, medical rooms and sport and leisure amenities. JV Developments comprise a joint venture between Emaar and Dubai South – Emaar South, which will offer residences for 4,500 individuals.

According to the words of the company’s representative, The Avenue project was launched to provide an opportunity to purchase and use commercial land for business projects. The launch was preceded by the successful sale of other multifunctional projects, as well as the increasing demand for commercial and residential real estate from investors.

Dubai South Properties also plays a key role in Expo 2020 in attracting investors interested in purchasing or leasing residential, office and commercial real estate. The company will offer a dual licensing system and payment plan of up to 3 years for buyers. All needed licenses can be obtained by interested investors directly from Dubai South Freezone.