Image Credits: Top-left: Dubai South; Top-right: Drydocks World; Bottom: WAM Dubai South Properties has awarded a contract worth approximately US$41mn to Al Turath Al Aseel Contracting for the construction of South Living Tower, a luxury apartment complex located in The Residential District of Dubai South. Launched in June this year with a highly attractive post-handover payment plan, the development follows significant demand for spacious living spaces in the area. Scheduled for completion by Q1 2027, the project will comprise 209 premium units, including studios, 1- , 2-, and 3-bedroom apartments, along with special-terraced units that offer a blend of indoor and outdoor living. The development will feature a range of amenities, including a swimming pool with a deck, a modern gymnasium, sauna, multi- purpose room, kids library, yoga deck, BBQ area, gazebo seating, and beautifully landscaped elevated gardens, providing residents with a luxurious and tranquil living environment. In his comments, Nabil Al Kindi, CEO of Dubai South Properties, said, “The demand for residential apartments at Dubai South has been steadily growing over the past few years. Following the announcement of the new passenger terminals at Al Maktoum International Airport in April, we witnessed a notable surge in interest for housing, reflected in the higher sales and rental values for residential properties in Dubai South. At Dubai South, our mandate is to contribute to the government’s vision of attracting one million residents to Dubai South once the airport is complete." Drydocks World has signed a contract with Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) for the acquisition of a next- generation floating sheerleg crane with a lifting capacity of 5,000 tonnes. This new crane will support the increasing demand for large offshore projects. The design, construction, testing, and commissioning phases are expected to span around 24 months, with completion slated for the second quarter of 2026. Once operational, the crane will boost Drydocks World's heavy- lifting capabilities, allowing it to meet the growing demands of large- scale projects. Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said, “The fourth unit of the Barakah Nuclear Energy Plant entering commercial operations today marks the completion of a mission to transform the UAE’s electricity supply towards clean sources. This milestone fulfils a commitment made in 2008 to deliver clean, safe and abundant electricity to the nation. I commend the dedication and expertise of everyone involved in making this vision a reality and contributing to the global effort towards a cleaner, more sustainable planet.” Largest floating sheerleg crane Barakah’s Unit 4 generates 40TWh of electricity per year The development will include multiple amenities. Dubai South Properties to develop luxury apartments The plant has reduced Abu Dhabi’s natural gas costs. News 4 The project will take off in Q2 2026. ISSUE 4 2024 | www.technicalreviewmiddleeast.com