UAE’s property developer Deyaar Development announced a premium residential, serviced apartment and hotel property added to its portfolio during Cityscape Global 2017, Invest-Gate reports.

Valued at AED 1 bn, South Bay extends across a built-up area of more than 1.3 mn square feet in Business Bay.

The official sales launch for the 63-story South Bay will be announced in the coming months, a press release stated.

South Bay will be the developer’s first project with three accommodation components: residential, serviced apartments, and hotel units.

The project will comprise 926 units, ranging from studios to three bedrooms, of which 448 will be residential, 133 will be serviced apartments, and 345 will be hotel units.