logo
Dubai South Launches South Square, Sells Out First Tower Within Three Hours

Dubai South Launches South Square, Sells Out First Tower Within Three Hours

Al Bawaba3 days ago

Dubai South Properties has announced the launch of South Square, a new luxury residential development strategically located along Sheikh Mohammed Bin Zayed Road, just minutes from the recently announced new terminal at Al Maktoum International Airport. The S4 Tower within the project was launched and completely sold out within just three hours.The project reinforces Dubai South's vision of creating integrated, people-centric communities and comes in response to strong demand from investors and end-users drawn to the area's growing appeal.South Square is a thoughtfully-planned community offering over 550 apartments in a mix of one-, two-, and three-bedrooms layouts. Elegantly designed with a focus on wellbeing and convenience, the community blends modern architecture with wellness-inspired amenities such as landscaped outdoor spaces, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, as well as essential retail, dining outlets, and co-working spaces.Designed for families and individuals alike, South Square promotes meaningful connections between people, nature, and healthy living—delivering a residential experience that reflects the evolving expectations of today's urban residents. Prices for units start at AED 1.1 million, with completion scheduled for Q4 2028.In his comments, Nabil Al Kindi, CEO of Dubai South Properties, said: 'In the past few years, we have witnessed a sharp increase in demand for residential options in Dubai South, driven by its strategic location, modern infrastructure, and exceptional connectivity to the rest of the city. South Square is our response to this momentum—offering spacious homes, wellness-focused amenities, and in proximity to Al Maktoum International Airport and key roads. This project, like all our communities, is designed not just for living, but for enhancing quality of life through value-driven spaces focused on wellness and human connection.'With overall residential sales exceeding AED 19 billion during 2024, Dubai South has quickly gained prominence amongst savvy investors. The area continues to reinforce its residential offerings with amenities for the comfort and convenience of the residents in the community. These include public parks; sports courts; retail shops; a 50,000 square-foot hypermarket, a mosque; a petrol station; and a public bus route connecting the district to the Expo Metro station.
Additionally, a GEMS Founders School at Dubai South, opened its doors last year. Currently, The Residential District is home to over 30,000 residents who enjoy its distinctive lifestyle, range of amenities, and several gated residential communities with apartments and townhouses.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE regtech Qanooni raises $2 million in pre-seed round
UAE regtech Qanooni raises $2 million in pre-seed round

Wamda

time5 hours ago

  • Wamda

UAE regtech Qanooni raises $2 million in pre-seed round

UAE-based regtech Qanooni has raised $2 million in a pre-seed round led by Village Global, Oryx Fund by Salica Investments, TA Ventures, and strategic angels. Founded in 2024 by Anuscha Iqbal, Ziyaad Ahmed, and Karim Shiyab, Qanooni is building a seamless AI-powered legal platform that integrates into Microsoft Outlook and Word, enabling lawyers to draft, review, and manage documents using AI that adapts to their writing style and internal standards. The new funding will fuel Qanooni's expansion across the UAE and UK, and enhance its proprietary legal AI engine, reinforcing its role in driving the future of legal automation across MENA and Europe. Press release: Qanooni, a UAE-based legal technology startup, has announced the successful closure of a $2 million pre-seed funding round, backed by global and regional investors including Village Global, Salica Investments' Oryx Fund, TA Ventures, and a network of strategic angel investors. Founded by Anuscha Iqbal, Ziyaad Ahmed, and Karim Shiyab, Qanooni is developing a transformative AI-powered platform built specifically for legal professionals. Unlike traditional LegalTech tools, Qanooni integrates directly into the software that lawyers already rely on—Microsoft Outlook and Word—eliminating the friction of switching platforms or adopting new workflows. Qanooni's solution enables law firms and legal departments to prepare and review documents faster and more accurately, seamlessly connect with document management systems, and benefit from generative AI that mimics a lawyer's tone, writing style, and internal standards. The newly raised capital will be used to accelerate Qanooni's expansion across the UAE and UK markets while also advancing its proprietary AI engine tailored to legal workflows. The round also drew support from notable individual investors, including Ben Casnocha, Sri Batchu, Josh Rodger, Viktoriya Tigipko, Andrew Verbitsky, Jimmy Stone, Nicholas Nottebohm, CFA, Ashish Shetty, and Miguel Rodrigues. With growing investor interest in regtech solutions that streamline productivity without disrupting existing digital environments, Qanooni is positioning itself at the forefront of the AI-driven transformation in legal services across MENA and Europe.

CorroHealth invests in UAE's SANTECHTURE to advance AI-powered RCM
CorroHealth invests in UAE's SANTECHTURE to advance AI-powered RCM

Wamda

time9 hours ago

  • Wamda

CorroHealth invests in UAE's SANTECHTURE to advance AI-powered RCM

UAE-based healthtech SANTECHTURE has secured a "strategic" investment from US-based CorroHealth. Founded in 2019 by Anas Batikhi, SANTECHTURE, which now operates in Saudi Arabia, the UAE, India and Egypt, offers technology solutions to healthcare providers to enhance the overall experience for providers and patients. The investment formalises a two-year collaboration between the two companies, which have jointly piloted AI-driven RCM innovations for regional clients and co-hosted industry events, such as the Arab Health 2025 reception. In 2023, SANTECHTURE raised another investment from Gulf Capital (GC) and Shorooq Partners. Press release: Global healthcare technology company CorroHealth has made a strategic investment into Dubai-based pioneering revenue cycle management (RCM) intelligent technology solutions provider SANTECHTURE. The deal brings together the industry-leading AI capabilities of CorroHealth with the advanced RCM solutions of SANTECHTURE, equipping SANTECHTURE healthcare clients across the Gulf Cooperation Council (GCC) region with powerful new technology to maximise ROI. The investment formalises what has been a productive working relationship between the two companies. Over the past two years, CorroHealth and SANTECHTURE have successfully completed multiple proofs of concept for SANTCEHTURE clients. In January, SANTECHTURE and CorroHealth jointly hosted the Arab Health reception focused on AI and Revenue Cycle Management (RCM) Innovation. SANTECHTURE, which is backed by leading institutional investors Gulf Capital and Shorooq Partners, has seen a phenomenal increase in demand for its advanced deep tech RCM solutions in the GCC and across regional markets, and this partnership will support yet another leap ahead in advancing innovation and value creation. CorroHealth CEO Pat Leonard said, "This is an exciting step forward for CorroHealth, as we combine our technological capabilities with a local company based in the GCC region. CorroHealth joining forces with SANTECHTURE brings the best of both worlds to provide clients in the region with unsurpassed RCM capabilities to protect hospitals' bottom lines and help to ensure their financial future." SANTECHTURE Founder and CEO Anas Batikhi said, "The pairing of SANTECHTURE's unique leading-edge solutions with CorroHealth's AI driven innovations in the RCM technology space is truly unrivalled. We are especially thrilled to be cementing further our working relationship with CorroHealth and leading the intelligent automation drive to support our clients and partners with their RCM digital transformation journey, delivering on cost reduction and improved revenue outcomes." Gulf Capital Managing Director Mohammad Madani added, "We are proud to have been early backers of SANTECHTURE and to now support this landmark partnership between SANTECHTURE's and CorroHealth. This strategic investment is a strong validation of SANTECHTURE's leadership in intelligent RCM solutions across the GCC and marks a pivotal milestone in its growth journey. We are confident this collaboration will unlock significant value for healthcare providers in the region." Bilal Mushtaq, MD, CorroHealth's Executive Vice President of Global Growth and Strategy for GCC market expansion, said, "This strategic investment and partnership marks a pivotal step forward in our growth strategy, reinforcing our commitment to innovation and delivering greater value to a new market. This is not just a collaboration but a shared vision to forge a new path towards providing excellence in revenue cycle management."

Mashreq Launches NEO PLUS Saver Account for Salary and Non-Salary Customers with UAE's Most Rewarding Savings Interest Rates
Mashreq Launches NEO PLUS Saver Account for Salary and Non-Salary Customers with UAE's Most Rewarding Savings Interest Rates

Al Bawaba

time12 hours ago

  • Al Bawaba

Mashreq Launches NEO PLUS Saver Account for Salary and Non-Salary Customers with UAE's Most Rewarding Savings Interest Rates

Mashreq, a leading financial institution in the MENA region, has unveiled the NEO PLUS Saver Account – a high interest savings product designed to empower both salary and non-salary customers with market-leading returns and seamless digital access. Through the new account salary customers can earn 6.25% interest per annum in addition to a cashback of up to AED 5,000 making it one of the most compelling propositions in the UAE's banking a focus on simplicity and transparency, NEO PLUS Saver Account allows salary customers transferring a monthly salary of AED 10,000 or more, to earn 6.25% interest, along with a salary bonus of AED 3,500 and an Early Bird Cashback bonus of AED 1, customers can also enjoy market leading interest rates by simply maintaining a balance of AED 50,000 or more and earning 5% interest. They can also benefit from AED 1,500 with their Early Bird cashback benefit, which includes 5% cashback on debit card transactions and AED 300 cashback on other banking accounts in the market, Mashreq's new proposition brings simplicity – no need for additional product sign-ups such as a credit card or loans or mortgages, underlining the bank's commitment to customer-first, frictionless Morillo, Group Head of Retail Banking at Mashreq, said: 'We are proud to launch a product that directly responds to the growing demand for rewarding, transparent savings solutions. With NEO PLUS Saver, customers do not just earn competitive interest – they enjoy a complete digital banking experience through our award-winning mobile app, designed to simplify money management and support smarter financial growth.'Radu Topliceanu, Global Head of NEO at Mashreq, added 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. With NEO PLUS Saver, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements, and a fully digital, customer-first journey from start to finish.'Available exclusively through the Mashreq Mobile App – the highest customer-rated banking app in the UAE at 4.8 stars – the NEO PLUS Saver can be opened instantly, offering customers convenient access to the full suite of Mashreq's digital wealth and investment tools. These include fee-free US stock trading, mutual funds, bonds, thematic investments, and more. This launch further strengthens Mashreq's position as a digital banking pioneer and reinforces its role in shaping the future of personal finance in the UAE. With a fully digital onboarding process and no hidden requirements, the NEO PLUS Saver Account is built for growth-minded individuals who want to make their money work harder – all from their smartphone.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store