Page 25 - UNION PROPERTIES PR REPORT- December 2024

12/25/24, 9:33 AM Union Properties Unveils ‘Takaya’ Project In Dubai Motor City
Takaya’s first phase includes 995 foundation piles, 99,000 cubic metres of excavation, and a 500-
metre shoring boundary, set for completion within six months. Union Properties Chairman
Mohamed Fardan Ali Al Fardan, Vice-Chairman Abdul Wahab Al Halabi, Khansaheb, and other
board members attended the ground-breaking ceremony on Saturday.
This project aligns with the company’s vision of delivering innovative developments and
supporting Dubai’s sustainable growth goals. Earlier this year, Union Properties advanced its
debt restructuring plan, repaying AED 290M ($78.9M) to lenders.

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