Dubai South welcomes 650 new companies; achieves 122% occupancy growth

Dubai South's Business Park attracted 650 new companies and achieved 122 per cent growth in occupancy in 2020 despite the challenges triggered by the COVID-19 pandemic.

It leased a total of 945,488 square feet of space last year.

The master development, which focuses on aviation, logistics and real estate, realigned its offerings and rolled out a series of stimulus packages to ease the impact of the pandemic on its growing business community.

These incentives helped the Business Park retain 90 per cent of companies operating within it.

"We are pleased to see that the market has started to return to pre-pandemic levels and that our Business Park surpassed our potential clients’ aspirations. We will spare no effort to serve our discerning customers, drive innovation, and support the emirate’s efforts in boosting the UAE’s post-COVID-19 economy," said Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation & Dubai South.

"In an effort to meet growing demand, we are currently developing an additional floor in our Business Centre that will be ready by the end of Q1 2021."

.@Dubai_South welcomes 650 new companies to its Business Park and achieves 122% growth in occupancy in 2020https://t.co/PCuay7CAvE pic.twitter.com/eAsvn45L81

— Dubai Media Office (@DXBMediaOffice) January 10, 2021