Union Properties PJSC (UPP), a Dubai-listed developer, has unveiled a new integrated residential community project in Motor City, a development based on a motor-sport theme and includes residential units, business towers, retail and a theme park, that would include 880 new apartments in three buildings.
Motor City Views has a total gross area of about 857,184 sq ft and is located in the heart of Motor City, overlooking its racetrack. The 880 residences at Motor City Views include 313 studios, 427 one-bedroom apartments, 133 two-bedroom apartments, and seven three-room apartments, all with a contemporary style and warm colors that create a welcoming atmosphere.
The apartments are divided into three seven-story buildings with leisure amenities for residents such as air-conditioned sports halls, a covered children’s playground, and swimming pools of various sizes for all age groups. The buildings include a retail area that comprises a shopping mall with diverse shops, restaurants, and various recreational activities to meet the needs of the residential community.
Khalifa Hassan Al Hammadi Chairman – Union Properties
“We are proud to become one of the first prominent real estate companies in Dubai to embrace and implement the concept of integrated residential communities. This reflects our strong emphasis on quality property developments through which we can contribute to the emirate’s booming real estate industry and the impressive urban scene.”
The latest project is expected to add value to the emirate’s comprehensive urban redevelopment efforts. Construction operations are slated to begin by the end of this year after obtaining the final approvals from Dubai authorities.
When compared to the same period last year, the company’s profit increased by 483 percent in the second quarter of 2021. Higher-income from customer contracts were credited for the increase.
Union Properties seeks to launch more residential, commercial, hotel, and entertainment projects in the Motor City. Once completed, the newest project will set the standard even higher in the local real estate market, amid promising industry opportunities that are essential to the UAE’s 50-year plans.
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