Dubai South Properties has signed an agreement with a major hospitality operator, highlighting growing investor demand in the emirate’s expanding southern district.
The deal with Cheval Collection will see Cheval South Bay open in 2030, with 193 branded residences and serviced apartments.
Located along South Bay’s central waterfront promenade, the new development combines high-end serviced living with direct access to the community’s crystal lagoon, retail hubs and recreation facilities.
The launch comes alongside major infrastructure commitments from the emirate’s leadership. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, recently approved a suite of strategic projects exceeding $3bn (AED11bn).
The Executive Council of Dubai, meeting on the sidelines of the UAE Government Annual Meetings, signed off on a direct extension of the Dubai Metro’s line to Al Maktoum International Airport City, with commercial operations slated for 2031.
“We approved new strategic projects worth more than AED11bn, including a comprehensive plan to enhance community services and facilities by 2040, prioritising residential areas for Emirati citizens,” Sheikh Hamdan wrote in a post on X. “We also approved a project to extend Dubai Metro’s Route 2020 to Al Maktoum International Airport City, with services scheduled to commence operations in 2031.”
