Page 54 - UNION PROPERTIES PR REPORT- December 2024
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12/24/24, 9:41 AM                             Union breaks ground on $544m Dubai Motor City project
        Union breaks ground on $544m Dubai Motor City project

        DUBAI, 20 hours, 22 minutes ago
        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 Abdulrahman Sharaf.-TradeArabia News Service
















































      80.241.146.114/ta/news/CONS_429551.html                                                                       1/1
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