Page 37 - UNION PROPERTIES GENERAL - February 2024
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2/12/24, 9:32 AM Union Properties' Master Plan Redraw: A New Chapter for Motor City
Union Properties' Master Plan Redraw:
A New Chapter for Motor City
Union Properties has reached a settlement with Dubailand and Emirates NBD, paving the way for the expansion of residential zones in
Motor City. This agreement will enable the developer to increase gross floor area and potentially boost shareholder returns, signaling a
new chapter for the project. The land previously designated for a theme park will be repurposed, aligning with Dubai's thriving real
estate market and its growing demand for residential properties.
Quadri Adejumo Follow Us
10 Feb 2024 02:35 EST Updated On 10 Feb 2024 03:17 EST
Union Properties' Master Plan Redraw: A New Chapter for Motor City
Union Properties' Master Plan Redraw: A Settlement that Sets New Trajectories
In a landmark development, Union Properties PJSC (UPP) has struck an agreement with Dubailand and
Emirates NBD, heralding a new era for its Motor City master plan. This settlement, inked on February 10,
2024, encompasses the re-purposing of certain sections of the Motor City blueprint, including land initially
earmarked for a theme park.
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