Page 50 - UNION PROPERTIES PR REPORT - October 2024

10/11/24, 11:20 AM Dubai's Union Properties launches $545 million ‘Takaya' development in Motor City

Dubai’s Union Properties launches $545 million ‘Takaya’ development in Motor City
Over the last three quarters, Motor City has experienced a sharp rise in real estate

transactions and a notable acceleration of market momentum

The UAE’s real estate market is anticipated to continue its strong performance in the coming years with projections pointing
towards an astounding value of $0.7 trillion by 2024

Published: Thu 10 Oct 2024, 5:28 PM

Union Properties has announced the launch of its new mix-use project, Takaya, in Dubai Motor City, marking
the company’s latest achievement in Dubai’s growing real estate landscape. Takaya sets a new standard in the
mid-to-high range property segment, promising exceptional living experiences for its residents.
The company will construct the project over a plot area spanning 436,175 sq. ft, overlooking the Dubai
Autodrome, along with a stunning 500-metre retail boulevard.
744 affordable luxurious apartments
Union Properties’ Takaya comprises three residential towers featuring 744 affordable luxurious apartments. It
also offers competitive unit sizes (studio, 1, 2, 3 BR) and prices, making it a compelling market choice for
buyers. The development will also include penthouses, townhouses, villas, and commercial space.
In contrast to other properties in the market, Takaya offers spacious living areas with attractive, post-handover
payment plans. From sleek finishes to state-of-the-art amenities, the development, which is worth approximately
AED2 billion ($545 million), will provide a prestigious living experience for residents.

“Our overarching objective is to create a vibrant residential community overlooking the one and only one Dubai
Autodrome, which will redefine the standards of modern urban living,” stated Amer Khansaheb, CEO and board
member, Union Properties.

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