Page 46 - UNION PROPERTIES PR REPORT- December 2024

12/24/24, 9:39 AM Union Properties Breaks Ground on AED 2 Billion ‘Takaya’ Project in Dubai Motor City

Real Estate

Dec 23, 2024 202 20

Union Properties Breaks Ground On AED 2

Billion ‘Takaya’ Project In Dubai Motor City

Union Properties PJSC (DFM symbol: UPP) has officially commenced construction on its ambitious
AED 2 billion Takaya project in Dubai’s Motor City. Designed to redefine urban living, the mixed-use
development aims to set a new standard in the mid-to-high residential segment.

Overlooking the iconic Dubai Autodrome, Takaya spans 436,175 sq. ft. and boasts a roadside
elevation of 560 meters. The development features three residential towers with 788 luxury units,
including studios, 1-3 bedroom apartments, penthouses, townhouses, and villas. Complementing the
residential offerings is a 500-meter-long shopping boulevard, providing a vibrant retail experience

for residents and visitors alike.

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