Page 30 - UNION PROPERTIES PR REPORT- December 2024

12/24/24, 9:32 AM Union breaks ground on $544m Dubai Motor City project

Union breaks ground on $544m Dubai Motor City

project

DUBAI

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Union Properties, a leading UAE developer, has broken ground on its AED2 billion ($544 million) mixed-use development -
Takaya - in Dubai’s Motor City community featuring three residential towers with 788 luxury homes and a 500-m-long shopping
boulevard.

Setting a new benchmark in the mid-to-high range segment, Takaya promises exceptional urban living experiences, said the
developer in a statement.

According to Union Properties, the launch of Takaya marks a crucial turning point in the evolution of its ambitious portfolio.

The mixed-use development, which overlooks the Dubai Autodrome, spans 436,175 sq ft of land and with a roadside elevation of
560m and features 788 luxury housing units with a mix of studios, one-, two- and three-bedroom units in addition to penthouses,
townhouses and villas.

Additionally, the development boasts an exquisite 500-meter-long shopping boulevard to meet the varying needs of residents.

With its modern amenities, spacious layouts, and sleek finishes, 'Takaya' is a testament to Union Properties’ vision of offering
buyers an upscale living environment.

Takaya's enabling package involves 995 foundation piles, 99,000 cu m of excavation (earthworks), and a 500-m-long shoring
boundary, which will be completed in six months.

The ground-breaking ceremony was attended by senior Union Properties officials including Chairman Mohamed Fardan Ali Al
Fardan, Vice Chairman Abdul Wahab Al Halabi, CEO Engineer Amer Khansaheb, as well as board members Saif Al Serkal and

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