“This MoU reiterates our commitment to continually expand our real estate portfolio by introducing new and unique real estate offerings to the mix and we believe that partnering with a reputable developer such as Deyaar will help us achieve our goals,” said Ahmed Al Ansari, Acting CEO, Dubai South. “Deyaar has developed numerous iconic projects and both companies share a common objective and we believe that jointly we will deliver quality projects that offer impeccable service to our customers as well as enhanced value to stakeholders, who have come to depend on the Dubai South brand.”

Saeed Al Qatami, CEO, Deyaar Development, added: “Dubai South is part of the emerging urban landscape of the Emirate and our participation in the Residential District  is Deyaar’s response to the call by the nation’s leaders for a thriving, dynamic living space that aspires for a cohesive society and a strong economy. Across the UAE, we have developed over seven million square feet of space, creating urban experiences that make our nation one of the best places in the world in which to live, work, invest and raise a family. This joint venture with Dubai South will meet residential, retail and hospitality demands, carefully matched to the highest standards of design and build, and uniquely suited to a new urban quarter in one of the world’s greatest cities.”