Dubai South Properties has contracted Al Kharafi Construction for USD 408 million to build phases three to five of the South Bay project, slated for completion by Q1 2027.
Previously, GINCO General Contracting LLC handled the initial phases and infrastructure. The completed project will feature over 800 villas, 200+ waterfront mansions, a 1-km lagoon, and extensive amenities including a promenade, beaches, and a mall. The CEO of Dubai South Properties, Nabil Al Kindi, also announced plans for a new luxury apartment project in the area, aimed at enhancing the residential offerings in Dubai South, where over 25,000 people currently reside.