500,000 new jobs in Dubai South by 2021 to drive housing demand

Creation of estimated 500,000 new jobs in Dubai South alone by 2021 will drive demand for residential units in the master development, a senior company executive told Emirates 24|7.

“We expect Dubai South will be home to around one million people and there will be 500,000 job opportunities developed here alone driven by the Dubai Plan 2021 vision,” said Mohammed Al Awadhi, Vice President, Real Estate, Dubai South.

“Of course, in line with that, we don’t want those people to stay elsewhere and make them a burden on other governmental authorities so to build more highway, bridges or roads. So why not make these professionals and families enjoy their lives within proximity of their workplace.”

The Dh25-billion development, comprising multiple villages, will have a greenhouse with a botanical garden and organic farms to allow residents to grow or buy locally grown produce. It will also have indoor walking trails, allowing people to pursue outdoor activities in a climate-controlled environment, a sports complex of not less than 250,000 square feet.

The residential component of each village, which will cover one square kilometres, will have a community core, which will consist of assets such as K-12 school, a civic centre, a health and wellness complex, high street and retail outlets.

“In the current master plan, we are estimating up to around 20,000 residential units in The Villages while the first village will have 6,000 residential units,” said Al Awadhi.

The sales of the first units will commence by year-end, with completion of the first village by 2019. The developer will offer incentives on education and wellness areas to attract investors, but details were not shared.

Al Awadhi said the company is working with top notch designers and architects to design the buildings to give every individual a chance to have good views, have flexible accessibility and not to suffocate buildings next to each other.

The 145 square kilometre city is home to Al Maktoum International Airport, which will become the world’s largest airport upon completion by 2022, and will be the site for the World Expo exhibition in 2020.

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