Dubai South announced that a new multi-purpose development will be built on an area of 1.27 million sq ft in Dubai South by Dubai South and Deyaar. The new development, which will be owned 50% each by Dubai South and Deyaar, features residential units, shops, retail outlets and hospitality facilities. Deyaar said that the new partnership will allow Deyaar to meet the increasing demand on residential and commercial units and hospitality facilities.