Page 18 - UNION PROPERTIES PR REPORT - February 2024

developments help mitigate traffic congestion. Shorter commutes also

mean less time spent in traffic, further reducing carbon emissions. The
blend of residential, commercial, and recreational spaces fosters a holistic
approach to sustainable living that extends beyond mere architectural
design.

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By adopting such practices, mixed-use developments strategically curb

carbon emissions. This reduction in greenhouse gases not only improves
air quality but also takes substantial strides towards mitigating the adverse
effects of climate change. Furthermore, focusing and consolidating land

use minimises the necessity for constructing new roads and utilities,
resulting in cost savings, and reduced environmental impact stemming
from infrastructure expansion.

Additionally, mixed-use developments offer enduring financial advantages
for investors, with consistent rental income and property appreciation.

Meticulously crafted developments experience a rise in value over time,
particularly when located in sought-after neighbourhoods. The allure of
convenient amenities and a robust sense of community highly appeals to
both buyers and tenants, thereby increasing property values. Such projects
also have a proven track record of drawing a diverse mix of residents and

businesses, due to which the reliance on a single demographic or industry
is reduced, thereby safeguarding occupancy rates, and sustaining rental
income levels in the long term.

With burgeoning mixed-use projects redefining the urban landscape of

Dubai, developers are benefiting from the market. Union Properties with
its wide portfolio of residential, commercial, and mixed-use projects stands
out as one of the leading Real Estate developers in the UAE. One of the
primary examples of mixed-use projects is Union Properties’ development

at Motor City, where a seamless integration of residential, commercial, and
recreational spaces creates a vibrant and dynamic community. This not
only reflects the company’s commitment to innovation and urban
planning but also contributes significantly to Dubai’s reputation as a global

hub for modern, sustainable, and luxurious living. Consistently advocating
for the advancement of mixed-use projects, Union Properties prioritises

https://www.khaleejtimes.com/business/dubai-mixed-used-developments-transforming-urban-
landscapes