Union Properties has announced the launch of its new mix-use project, Takaya, in Dubai Motor City, marking the company’s latest achievement in Dubai’s growing real estate landscape. Takaya sets a new standard in the mid-to-high range property segment, promising exceptional living experiences for its residents.
The company will construct the project over a plot area spanning 436,175 sq. ft, overlooking the Dubai Autodrome, along with a stunning 500-metre retail boulevard.
744 affordable luxurious apartments
Union Properties’ Takaya comprises three residential towers featuring 744 affordable luxurious apartments. It also offers competitive unit sizes (studio, 1, 2, 3 BR) and prices, making it a compelling market choice for buyers. The development will also include penthouses, townhouses, villas, and commercial space.
In contrast to other properties in the market, Takaya offers spacious living areas with attractive, post-handover payment plans. From sleek finishes to state-of-the-art amenities, the development, which is worth approximately AED2 billion ($545 million), will provide a prestigious living experience for residents.
“Our overarching objective is to create a vibrant residential community overlooking the one and only one Dubai Autodrome, which will redefine the standards of modern urban living,” stated Amer Khansaheb, CEO and board member, Union Properties.
Motor City sees strong demand
Developments like Takaya by Union Properties greatly contribute to Motor City’s market value and status by complementing current market offerings. According to DLD data, Motor City has experienced a sharp rise in real estate transactions and a notable acceleration of market momentum over the last three quarters. Recent off-plan projects in Motor City have experienced strong demand, which has a positive impact on the appreciation of property values.
Overall, the UAE’s real estate market is anticipated to continue its strong performance in the coming years with projections pointing towards an astounding value of $0.7 trillion by 2024. Between 2024 and 2028, an annual growth rate of 3.03 percent is expected, resulting in a market volume of $0.80 trillion by the latter year.
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Takaya’s upscale features
Union Properties has crafted the Takaya development with meticulous precision, ensuring maximum functionality, comfort and attention to detail. It has integrated innovative smart building management systems that employ cutting-edge technologies to reduce energy consumption and operational costs.
Upscale features of the development also include outdoor sports courtyards, a leisure pool, a kids’ pool, a jogging track, a kids’ play area, multipurpose rooms at each tower, an arcade lounge, co-working spaces, a cinema/AV room, and more.
Furthermore, the ground floor of each tower hosts a mix of retail outlets, food and beverage establishments, as well as other services. The development also features 150 parking spaces equipped with EV chargers.
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