Union Properties Breaks Ground on AED 2 Billion ‘Takaya’ Project in Dubai Motor City
Union Properties PJSC (DFM symbol: UPP) has officially commenced construction on its ambitious AED 2 billion Takaya project in Dubai’s Motor City. Designed to redefine urban living, the mixed-use development aims to set a new standard in the mid-to-high residential segment.
Overlooking the iconic Dubai Autodrome, Takaya spans 436,175 sq. ft. and boasts a roadside elevation of 560 meters. The development features three residential towers with 788 luxury units, including studios, 1-3 bedroom apartments, penthouses, townhouses, and villas. Complementing the residential offerings is a 500-meter-long shopping boulevard, providing a vibrant retail experience for residents and visitors alike.
Visionary Design and Modern Amenities
With sleek designs, spacious layouts, and state-of-the-art amenities, Takaya embodies Union Properties’ commitment to delivering an upscale urban lifestyle. The project is expected to cater to a diverse clientele, blending luxury with functionality.
The enabling works for Takaya include:
- 995 foundation piles.
- 99,000 cubic meters of earth excavation.
- A 500-meter-long shoring boundary, scheduled for completion within six months.
Ground-Breaking Ceremony
The ceremonial event on December 20, 2024, marked a significant milestone in the project’s development. Key attendees included:
- Mr. Mohamed Fardan Ali Al Fardan, Chairman.
- Mr. Abdul Wahab Al Halabi, Vice Chairman.
- Eng. Amer Khansaheb, CEO and Board Member.
- Mr. Saif Al Serkal, Board Member.
- Mr. Abdulrahman Sharaf, Board Member.
Contributing to Dubai’s Growth Vision
This landmark project reflects Union Properties’ strategic focus on sustainable urban development and aligns with Dubai’s long-term goals for economic growth and investment appeal. “Takaya represents our commitment to offering cutting-edge developments that redefine the concept of urban living,” said Eng. Amer Khansaheb, CEO of Union Properties.
By prioritizing innovation and sustainability, Takaya is set to bolster Dubai’s booming real estate market while enriching the city’s reputation as a global hub for luxury living.
