The new planning of luxurious properties in popular locations in Dubai like Abu Dhabi, Dubai, and Ras Al Khaimah are going to be very attractive for the rich people and investors around the world. Some brokers who are working in Dubai are saying that UAE will be a hub of modern living in the Middle East.
This also shows that the price of the houses in UAE are increasing quickly and in some locations the properties are sold out. This has happened because of the international buyers who are interested in commercial properties also especially near Al Maktoum International Airport.
Aldar Properties and Dubai South have joined together to build quality storage facilities in Dubai South. The partnership wants to improve the Logistics District in Dubai South by adding new and modern services for the build-to-lease and build-to-suit facilities. Dubai is popular for its world-class amenities and these will help more for the good future of this location. The government is also planning new things for the places that are close to Al Maktoum International Airport because it is going to be the new commercial hub.
The Government of Dubai Media Office says that Aldar will be the company for conducting the planning, building, and handing over these logistics assets. The first one will be a Grade A facility that is around 24000 square meters in size. This building will be close to big companies in the world like Amazon, Noon, and DHL. It will provide two customs options and be very easy to travel to Al Maktoum International Airport. The first building should be finished by the end of 2024. More buildings will be added in the future for third-party transportation, e-commerce, and retail customers.
Aldar sees the transport sector as a key asset class, so it is expanding its real estate holdings in this area. As part of its AED1 billion ($272.26 million) investment in industrial real estate companies like Aldar will work with Dubai South on these projects. As part of this funding, more build-to-suit and build-to-lease projects will be built all over the UAE. Aldar also bought the 7 Central Logistics Hub and a piece of land next to it in Dubai Investments Park.
The joint deal was signed at the offices of Dubai South in front of His Grace Khalifa Al Zaffin, who is the executive chairman of Dubai Aviation City Corporation and Dubai South, and Talal Al Dhiyebi, who is the Group CEO of Aldar.
Khalifa Al Zaffin talked about how important the relationship was for improving the transport system in Dubai South. The goal of the partnership is to meet the changing needs of different areas. He also said that it aimed to make Dubai South an even more important centre for the economic growth of the area.
Talal Al Dhiyebi, for his part, stressed how important the relationship was. The goal of the agreement is to take advantage of the UAE's investments in infrastructure, the digital economy, and the rising demand for delivery services. It is good to keep doing better in the property market which will attract more and more customers and people from other countries will visit Dubai to enjoy their holidays.
One of the huge urban master plans in Dubai is Dubai South, which is mainly about transportation and flight. It wants to make the community thrive by using its real estate, transport, and shipping services, as well as its world-class property solutions, such as the world's big airport when it is fully operating. For two years professionals from other countries in the world are coming to Dubai for jobs and places like Dubai South can give good opportunities if builders like Aldar coming with new projects will help in the growth of the property market.
The properties that are built by Aldar are luxurious and liked by the customers and professionals. This means that the builder has delivered what was expected from them. In Abu Dhabi, Aldar has built a number of housing and commercial properties that have become popular destinations in those locations and the same thing is also expected for the logistic project in Dubai South by Aldar.
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