Dubai South invests $272m in Residential District
Dubai South Residential will boast around 10,000 residential units between villas, townhouses and apartments by 2020 - housing an estimated 35,000 residents
Dubai South has awarded contracts worth $272m (AED1bn) for project developments in the city's Residential District - adjoining the Expo 2020 site, the Logistics District and a staff village.
Infrastructure and design contracts have been awarded to firms including Parsons Corporation, Atkins Globl, Studio International Architects, Al Nasr, Tristar Engineering & Construction and RNL Design.
Dubai South's Residential District includes schools, nurseries, hospitals, retail outlets, F&B options, a post office, swimming academy and a sports centre.
The pedestrian-friendly, aesthetically designed, sustainable city is designed to ensure all amenities and necessities are well within walking distance.
Dubai South Residential will boast around 10,000 residential units between villas, townhouses and apartments by 2020 - housing an estimated 35,000 residents.
The overall infrastructure will be completed in phases, with work well underway by Al Nasr on the first section, which will be completed by the fourth quarter of 2016.
Tristar Engineering & Construction has been awarded the infrastructure construction for the remaining areas of phase one - due to be completed by Q4 2017 - which will pave the way for 40 developers to expedite developments in Dubai South's Residential District.
Atkins Global, Studio International Architects and RNL Design are contracted to oversee the masterplan and product design for the mixed-use development within the Residential District, which includes apartments, townhouses, schools, community facilities, entertainment, retail and hospitality.
Dubai South has also awarded Al Nasr with the constructing of infrastructure in Dubai South's Logistics District, while further contracts were awarded to Parsons and Kele Constructions for building the first phase of Sakany Staff Village, accommodating 20,000 residents by 2020.
Ahmed Al Ansari, acting CEO, Dubai South, said: "We, at Dubai South, are excited to be working with the leading companies in the construction industry to help create a solid foundation for the future of Dubai South residents.
Dubai South is reinventing the urban ecosystem by creating a city that is based primarily on the happiness and wellbeing of people.
"This entirely new and incomparable model of urban living puts people first, while celebrating nature and diverse populations, which come together to form a thriving and healthy community."
Meanwhile, UAE-based City Diamond Contracting was awarded a contract to build a multi-purpose aerospace supply chain facility in Dubai South's Aviation District.
Details of the project and other developments will be unveiled at Cityscape Global 2016, to be held in Dubai in September.
Property sales are expected to begin in October 2016.