Page 33 - UNION PROPERTIES GENERAL REPORT - October 2024
P. 33
Union Properties expects to book Dh200m profit
from new Motor City offplan launch
Dubai developer returns with project launch after 3 years of losses and restructuring
Published: October 10, 2024 08:22Manoj Nair, Business Editor
Motor City
has become quite the destination for mid- to upper-mid residential options in Dubai. Union
Properties, the master-developer of Motor City, is adding to those options with 'Takaya'.Image
Credit: Gulf News Archives
Dubai: The Dubai developer Union Properties expects to book a neat profit of Dh200 million from its
return to property launches, through a Dh1.15 billion project in Motor City. The launch of 'Takaya'
also marks a possible return to form of a company that had been focused on rewiring itself in the
last 2-3 years after suffering heavy financial losses.
Takaya units are listed as starting from Dh750,777 for a studio, with a 3 year post handover plan.
Motor City is already an established destination for mid to upper-mid residential options. Union
Properties will be hoping it will hot the sweet spot of demand for affordable residential options in
Dubai.
https://gulfnews.com/business/property/union-properties-expects-to-book-dh200m-profit-from-
new-motor-city-offplan-launch-1.1728534628624
