Page 33 - UNION PROPERTIES GENERAL - February 2024
P. 33
2/12/24, 9:31 AM UPP reaches settlement with Dubailand, Emirates NBD to redevelop theme park land
Emirates NBD-Egypt Delta branch in Zagazig City. Image Courtesy: Emirates NBD-Egypt
REAL ESTATE
UPP reaches settlement with Dubailand,
Emirates NBD to redevelop theme park land
Developer said it will pay $109mln to Dubailand and $232mln
Staff Writer, ZAWYA
February 10, 2024
Dubai developer Union Properties PJSC (UPP) has reached a
settlement with Dubailand and Emirates NBD to allow it to go ahead with repurposing
parts of its Motor City master plan, including its theme park land.
The developer said it had reached the settlement after ‘a long and constructive journey’
with Dubailand, which is owned by a Dubai Holding subsidiary, as well as Dubai’s largest
lender Emirates NBD.
https://www.zawya.com/en/business/real-estate/upp-reaches-settlement-with-dubailand-emirates-nbd-to-redevelop-theme-park-land-lq6mujhe 1/3
