Dubai South Properties has awarded contracts worth AED1.5 billion (($408 million) to Al Kharafi Construction Company for the development of the third, fourth and fifth phase of its premium South Bay development.

Located in the heart of Dubai South’s Residential District alongside Expo Road, South Bay will feature over 800 spacious villas and townhouses, more than 200 luxurious waterfront mansions and a 1-km-long lagoon in addition to 3-plus-km waterfront promenade with cafes, multiple beaches, a clubhouse and fitness centres.

The prime development also comprises lush parks, a shopping mall, a renowned spa, kids’ clubs, water-parks, swimming pools, a lake park, and private beaches among other amenities.

Announcing the new contract, Dubai South Properties said it has expedited the launch of the project’s phases, by unveiling Phase Four. Slated for a Q1 2027 completion, the fourth phase will incorporate 138 units comprising three-, four-, and five-bedroom villas and a limited number of five-to seven-bedroom mansions.

Last year, Dubai South Properties had appointed Ginco General Contracting for the construction of the first two phases and the infrastructure facilities for the project.

On the new contract, CEO Nabil Al Kindi said: “We are confident that the expertise of the appointed contractor will help us realise this project. The project has witnessed lots of interest since its launch due to its strategic location, modern amenities, and unique selling points.”

“We are also excited to announce that soon we will be launching our next project specifically catering to the demand for high quality apartments in Dubai South, which will be a first-of-its-kind in Dubai South,” noted Al Kindi.