Gulf Business: Master-developer Dubai South Properties has launched The Avenue which comprises of a limited number of freehold plots which can be purchased on a payment plan and developed by investors for commercial use.
Plots in The Avenue will vary in sizes from 30,000-55,000 square feet, with built up areas ranging from 50,000-90,000 square feet.
Prices for these plots start at Dhs250 per square feet on BUA, according to Dubai Media Office.
Dubai South Properties will also offer a payment plan of up to three years. Interested investors will benefit from the dual licensing system whereby, they could obtain all required licenses directly from Dubai South Freezone.
Interested land owners will also benefit from the strategic location of the plots in Dubai South, which will also be connected to an upcoming metro station that will be built in the area, in addition to its proximity to Expo 2020 as well as the Al Maktoum International Airport, besides Dubai South’s VIP Terminal for private jets which is a 10-minute drive away.
The new launch follows the vast development of Dubai South, the successful sell-out of several freehold projects as well as sales of residential plots at the Residential District that were previously launched by the company.
“Following the successful sell-out of other mixed-use developments that we had launched over the last few years, and the surge in demand from investors on both residential and commercial properties, we decided to launch The Avenue, hence create an exceptional opportunity for those who are considering owning their private commercial land for their various business needs,” said a spokesperson for Dubai South Properties.
“We are also confident that Expo 2020 will play a pivotal role in attracting investors, who will be keen to explore investment opportunities in Dubai. We at Dubai South Properties are committed to cater to the aspirations of potential and existing clientele as well as support the government’s initiatives and plans in attracting foreign direct investments to the emirate.”
https://gulfbusiness.com/dubai-south-launches-new-freehold-development-project-called-the-avenue/
