Monday , July 23 2018

Union Properties announces AED8bn plan for MotorCity

Dubai / Emirates Business

Union Properties (UPP) has announced a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED 8 billion. UPP has also signed an agreement with China State Construction
Engineering Corporation (CSCEC), one of the world’s largest construction
companies to build the new mega development. The announcements were made on the first day of Cityscape Global 2017.
The new MotorCity masterplan will comprise of 44 new high and low rise buildings, more than 150 villas, and a wide range of residential, commercial, entertainment and hospitality facilities. It is expected to include more than 11,500 residential units, around 3000 serviced apartments, 3,500 hotel rooms, and a total of 46,000 square
metres of retail space and more than 300,000 square metres of office space. In total, the new masterplan will
see construction of around 18,000
units comprising residential apartments and villas, hotel rooms and
serviced apartments.
Nasser Butti Omair bin Yousef, Chairman, Union Properties, said: “Our partnership with CSCEC is a significant milestone as we set out a new direction for Union Properties. For 30 years Union Properties has built a reputation as a leading developer in Dubai with some landmark buildings and communities. Today, with our new management team and clear growth strategy in place, we are setting out on a new phase that will take UPP to the next level, both in the UAE and internationally.

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