Page 45 - UNION PROPERTIES PR REPORT - October 2024
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10/11/24, 11:19 AM Union Properties launches AED2bn project in Dubai Motor City - Construction Week Online
PROJECTS AND TENDERS
Union Properties launches AED2bn Takaya in
Dubai Motor City
Handover is expected in 2027
by Staff Writer October 10, 2024 11:15 AM GST SHARE
Union Properties has launched a new mixed-use residential development
project in Dubai Motor City.
Named Takaya, the project caters to the mid-to-high range segment and is constructed
on a 40,500-square-metre plot overlooking the Dubai Autodrome and a 500-metre
retail boulevard.
The project is worth approximately $544.5 million (AED2 billion). Handover is
expected in Q4 2027. Construction is planned to start on 31 October 2024.
In a filing to the Dubai Financial Market, Union Properties disclosed the projected cost
of the project is $315.5 million (AED1.159 billion).
https://www.constructionweekonline.com/projects-tenders/union-properties-takaya-dubai-motor-city 1/2
