Saturday 11 July 2020

Union Properties hands over $123m Dubai Motor City project

DUBAI, September 24, 2018

Union Properties, a leading property developer in the UAE, has announced the delivery of all the residential units at its OIA Residences project, developed at the cost of Dh450 million (Dh123 million), within Dubai Motor City.

A motor-sport theme destination developed over a 38-million-sq-ft area on Emirates Road, the Dubai Motor City features residential units, business towers, motor-sports facilities, retail and a theme park.

Spanning 184,000 sq ft, the OIA Residences is a G+5-floor building which includes 269 residential units ranging from one- to four-bedroom apartments and duplexes, now available for lease, said a statement from the company, which boasts a 30-year record of delivering iconic residential developments.

The project, located in the heart of Dubai Motor City, boasts an eye-catching design. Inspired by modern Greek aesthetics, the latest addition to Union Properties’ diverse portfolio evokes the beauty of European islands.

From the onset, the project has garnered remarkable interest from investors and off-plan buyers seeking quality living experiences with a variety of amenities available within a mixed-use environment, it added.

On the project handover, Ahmed Yousef Khouri, a board member of Union Properties, said: "OIA Residences is a testament to our renewed strategic vision of enhancing the quality of residential units and retail projects in the local market, and ensuring greater value for residents and clients."

"This paves way for Dubai Motor City Phase 2 and subsequent further growth of the neighbourhood, establishing the rapidly emergent development as a premier lifestyle destination, entertainment hub and business centre in Dubai," noted Khouri.

Combining the comforts of low-rise apartment living with the benefits of a community lifestyle, the highly sought-after address with Mediterranean charm, impeccable design aesthetics, spacious floor plans, private gardens, and terraces provides direct access to outdoor swimming pools, a gym, a squash court, and jogging trails, said Union Properties.
The extensive range of leisure facilities is complemented by a wide variety of lifestyle amenities including community retail centres, cafés, restaurants, and open spaces, it added.-TradeArabia News Service

Tags: Union Properties | Dubai Motor City |

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