Master-developer Dubai South Properties has announced the launch of The Avenue, a key project offering a limited number of freehold plots that can be purchased on a payment plan and developed by investors for commercial use.
The new launch comes following 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 launched earlier, says the company.
The Avenue will offer plots ranging from 30,000 to 55,000 sq ft, while the built-up area (BUA) will be in the range of 50,000 and 90,000 sq ft. Prices start at AED250 ($68) per sq ft on BUA.
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 licences directly from Dubai South Freezone, saving them time and giving them an abundance of facilities, says the developer.
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 and Al Maktoum International Airport, which is set to be the largest airport in the world once completed, as well as Dubai South’s VIP Terminal which is a 10-minute drive.