Union Properties (UPP) has today revealed a new masterplan for its flagship MotorCity development in Dubai with a finished worth of greater than AED 8 billion. UPP has actually likewise signed an agreement with China State Construction Engineering Firm (CSCEC), among the world's largest construction firms to develop the new huge advancement. The news were made on the first day of Cityscape Global 2017.
The new MotorCity masterplan will comprise of 44 new high and low rise buildings, greater than 150 villas, and a vast array of domestic, industrial, amusement and hospitality facilities. It is expected to consist of greater than 11,500 household units, around 3000 serviced apartments, 3,500 hotel rooms, and a total amount of 46,000 square metres of retail space and more than 300,000 square metres of office. In overall, the new masterplan will see construction of around 18,000 units comprising property apartments and villas, hotel areas 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 instructions for Union Properties. For Three Decade Union Properties has actually developed an online reputation as a leading programmer in Dubai with some landmark buildings and areas. Today, with our new administration group and clear development method in place, we are establishing out on a new stage that will certainly take UPP to the next level, both in the UAE and internationally.
" Our MotorCity Masterplan symbolizes our new vision. From design with to construction, we are partnering with the very best minds in the business to develop a genuinely iconic City within a City."
At the heart of the new Masterplan will be a new design for Union Properties' 'Vertex' - a mixed-use development with five towers, that will consist of a five-star hotel and serviced apartments.
To celebrate the company's 30th anniversary, Union Properties additionally made use of Cityscape Global as a platform to introduce a new brand name identification developed to show both its performance history of accomplishment and its worths, goals and passions for the future.
For three years, Union Properties PJSC has been entrusted with developing key residential, commercial, industrial and leisure projects across 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 prolong beyond property investment and advancement to incorporate project management, interior decoration and fit-out, home administration and centers monitoring, developing a powerhouse of the UAE real estate market. Subsidiary firms consist of ServeU, The FITOUT, Thermo, GMAMCO, Edacom, and EMICOOL, Dubai Autodrome.