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Dubai Sports City expects to house 20,000 people within a year, as the mixed-use complex expects to attract new tenants, The National reported.
The city is part of the ambitious Dubailand project. Dubailand was announced in 2003, but many of its projects fell by the wayside in the wake of the global financial crisis of 2008. Now many of them are being built.
Dubai Sports City, a 50-million square foot community off Sheikh Mohammed bin Zayed Road, is home to 15,000 people across 6,000 apartments and 1,000 villas.
About 70% of the villas and 60% of the apartments are occupied.
In February, the Dubai developer GGICO launched apartments targeting middle-income families with prices starting at AED799,846. The offering is sold out.
Dubai Sports City expects to attract 5,000 residents to its existing projects this year, and it expects to have 70,000 people when it is fully completed in the next seven years.
“With the population in areas such as Mirdif, the Palm, Sports City, Jumeirah Village Triangle and Circle increasing in line with new residential development, there is a need to provide more local or convenience retailing to service their day-to-day requirements,” said Craig Plumb, the regional head of research at the property consultancy JLL.
