Dubai-listed developer Union Properties PJSC (UPP) has announced a new integrated residential community project in Motor City which will feature 880 new apartments in three buildings 

Motor City Views will overlook the district’s racetrack and comprise 313 studios, 427 one-bedroom apartments, 133 two-bed flats and seven three-bedroom units, with construction due to start by the end of this year, subject to approvals from Dubai authorities.  

UPP chairman Khalifa Hassan Al Hammadi hinted in a filing to the Dubai Financial Market (DFM) that more project launches will be forthcoming in residential, commercial and entertainment sectors within Motor City.  

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The three new residential buildings will be seven floors each and the gross floor area will be 857,184 square feet.  

The project includes recreational areas, sports halls and swimming pools, UPP said in the filing.  

“We at Union Properties are proud to be one of the first real estate companies in Dubai to embrace and spread the concept of integrated residential communities,” said Al Hammadi  

“We look forward to launching more residential, commercial, hotel and entertainment projects within the master-planned Motor City. Once completed, our newest project will raise the bar higher in the local real estate market amid promising industry opportunities that are vital to the UAE’s preparations for the next 50 years.” 

The company posted a 483 percent increase in profit for the second quarter of 2021 compared to the same period last year. The growth was attributed to higher revenues from customer contracts.  

(Writing by Imogen Lillywhite; editing by Cleofe Maceda) 

imogen.lillywhite@refinitiv.com 

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© ZAWYA 2021