news-details

Union Properties Reveals AED8 Billion Masterplan for MotorCity

Union Properties (UPP) has today revealed a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED 8 billion. UPP has also authorized a contract with China State Construction Engineering Corporation (CSCEC), one of the world's largest construction firms to build the new mega development. The news were made on the very first day of Cityscape Global 2017.

The new MotorCity masterplan will certainly include 44 new high and low rise buildings, more than 150 suites, and a large range of property, commercial, amusement and hospitality centers. It is expected to include more than 11,500 property systems, around 3000 serviced homes, 3,500 hotel areas, and an overall of 46,000 square metres of retail room and more than 300,000 square metres of workplace. In total, the new masterplan will see construction of around 18,000 systems consisting of household homes and vacation homes, hotel areas and serviced apartments.

Nasser Butti Omair bin Yousef, Chairman, Union Properties, said: "Our partnership with CSCEC is a significant landmark as we laid out a brand-new direction for Union Properties. For Thirty Years Union Properties has built a reputation as a leading designer in Dubai with some site buildings and communities. Today, with our brand-new management group and clear growth strategy in place, we are establishing out on a new phase that will take UPP to the following level, both in the UAE and worldwide.

" Our MotorCity Masterplan embodies our new vision. From design through to construction, we are partnering with the most effective minds in the business to develop a truly iconic City within a City."

At the heart of the new Masterplan will certainly be a new design for Union Properties' 'Vertex' - a mixed-use development with five towers, that will include a first-class hotel and serviced homes.

To commemorate the company's 30th anniversary, Union Properties additionally made use of Cityscape Global as a platform to reveal a new brand identification made to reflect both its performance history of achievement and its values, goals and ambitions for the future.

For 3 decades, Union Properties PJSC has been entrusted with developing key domestic, commercial, commercial and leisure jobs throughout Dubai, such as MotorCity, Dubai Autodrome, Green Community - MotorCity, Uptown Mirdiff, and Limestone House and Index Tower in the DIFC area.

The operations of Union Properties expand past realty financial investment and development to encompass project monitoring, interior design and fit-out, home monitoring and facilities management, developing a powerhouse of the UAE realty industry. Subsidiary companies include ServeU, The FITOUT, Thermo, GMAMCO, Edacom, and EMICOOL, Dubai Autodrome.

Related News Post