Page 87 - BT PROPERTIES PR REPORT - MAY 2025

6/3/25, 1:46 PM Dubai’s BT Properties to issue main construction tender for WAADA in Q4 2025

Ahmed Ali Riaz Malik, Group CEO, BT Properties
Interview excerpts:

What market dynamics influenced your decision to launch the WAADA master development in Dubai South?

Dubai South represents the future of the city’s expansion with its strategic location, sustainable planning and close alignment with the UAE’s long-term
vision. With its proximity to Al Maktoum International Airport and Expo City Dubai, this zone is emerging as a new urban nucleus. Our decision to
launch WAADA was driven by a convergence of vision, infrastructure, and future demand for community-led developments. We view Dubai South as a
canvas to bring our decades-long expertise to life in a meaningful, future-ready way.

What is the total cost of the master community?
While we don’t disclose specific financial details, it is a substantial commitment that is backed by our long-term vision.

Can you share details of the project?

WAADA comprises a diverse mix of units to serve the needs of various residents, with over 10,000 units of apartments, townhouses, villas, and
Signature mansions. Additionally, the project includes retail outlets, wellness zones, education facilities and community infrastructure, all woven into a
walkable, green-focused urban fabric.
How do you intend to fund the project?

The development is being delivered through strategic self-reliance and operational discipline. We are not seeking external funding through
instruments such as bonds or credit facilities. Our confidence in the market, combined with a structured rollout and customer-centric approach, forms
the financial backbone of this development.

When did you acquire the land for the master community?

We secured the land in alignment with our long-term entry strategy for the UAE. As Dubai South continues to attract investment, we are observing a
healthy appreciation in land value, reaffirming our decision to anchor our flagship project here.

How many phases will be there in the master plan?

The master community will be delivered in multiple phases, beginning with a residential precinct comprising apartments, townhouses, and core
community infrastructure, including parks, a school, a mosque, and healthcare facilities.

What is the tendering timeline for the master development’s phases?
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