Page 81 - UP PR REPORT - February 2025

2/6/25, 10:52 AM Union Properties Secures AED 150 Funding Million for New Dubai Developments
This funding follows the unveiling of the AED 2 billion ‘Takaya’ project in

October 2024 as part of the Motor City master development. This major project

has been a watershed for the company, reiterating its commitment to providing

high-Quality developments in Dubai. Since Motor City boasts carefully

thought-out infrastructure and mixed-use spaces, it remains a prime area for

real estate development in the city.

With this financial backing, Union Properties is poised to further solidify its

position within Dubai’s highly competitive real estate market. The city has

consistently attracted numerous real estate investments, which is driven by the

country’s robust economic growth, favorable conditions for investors, as well as

the strong demand for both residential and office properties. Given the

ongoing developments within the company, it aims to leverage this thriving

economic environment to enhance its standing in Dubai’s real estate sector. By

capitalizing on these favorable market conditions, Union Properties seeks to

strengthen its foothold and reinforce its presence in the industry.

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