Page 57 - UNION PROPERTIES PR REPORT - October 2024_Neat
P. 57
10/11/24, 11:21 AM Dubai’s UPP announces $315mln development in Motor City
The mixed-use development called Takaya will be located in Dubai Motor City. Image courtesy Union Properties.
REAL ESTATE
Dubai’s UPP announces $315mln development in
Motor City
UPP said project will be financed by self-funding and bank financing
Staff Writer, ZAWYA
October 10, 2024
Dubai developer Union Properties (UPP) has announced an AED 1.159 billion ($315 million) project
starting at the end of the month, which it says will turn a profit of AED 200 million.
The Takaya project overlooking Dubai Autodrome in Motor City, which is is scheduled for competition in
October 2027, will include residential towers, villas and commercial space.
(Writing by Imogen Lillywhite; editing by Seban Scaria)
https://www.zawya.com/en/business/real-estate/dubais-upp-announces-315mln-development-in-motor-city-vnnymngc 1/2
