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The real estate development in Motor City aims to redefine urban living
October 14, 2024 | Staff Reporter | UAE | Developers
Union Properties has officially launched its new ‘Takaya’ project in Dubai Motor City, the Company’s latest milestone in Dubai’s real estate landscape designed to redefine sophisticated urban living. Takaya sets a new standard in the mid-to-high range segment, promising exceptional living experiences for its residents.
The launching ceremony was held at the Ritz Carlton DIFC, in the presence of Eng. Amer Khansaheb, Chief Executive Officer and Board Member, Union Properties. During the ceremony, Eng. Khansaheb highlighted how the project demonstrates the Company's steadfast dedication to advancing Dubai’s real estate sector. The Takaya project aims to enrich the offerings provided within the Motor City’s master community, while also delivering novel and distinctive amenities that will attract investors and fulfill diverse customer needs.
The mix-use project, Takaya is constructed over a plot area spanning 436,175 sq. ft, overlooking the Dubai Autodrome, along with a stunning 500-metre retail boulevard. It comprises three residential towers with 744 affordable luxurious apartments. It also offers competitive unit sizes (studio, 1, 2, 3 BR) and pricing, making it a compelling market choice., along with penthouses, townhouses, villas, and commercial space. In contrast to other properties in the market, Takaya offers spacious living areas with attractive, post-handover payment plan. From sleek finishes to state-of-the-art amenities, the development, which is valued at approximately AED 2 billion, is set to provide a prestigious living experience for residents.
Commenting on the official launch, Eng. Amer Khansaheb stated: “We are thrilled to officially launch the eagerly awaited ‘Takaya’ project in Dubai Motor City, which reflects our unwavering commitment to innovation, sustainability and excellence. At ‘Union Properties’, we are driven by our mission of creating exceptional living experiences for customers through our several unique projects. The launch of ‘Takaya’ project is in line with our long-term growth objectives, further reinforcing our commitment to delivering superior quality and unparalleled value for customers. 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.”
The market has witnessed significant growth over the previous years, making the Motor City a global hub for property investors and homebuyers.
Eng. Amer Khansaheb, Chief Executive Officer and Board Member, Union Properties
“By leveraging our extensive industry expertise and market insights, we look forward to capitalising on new opportunities in the real estate market and future-ready liveable environments. The market has witnessed significant growth over the previous years, making the Motor City a global hub for property investors and homebuyers. The sector is expected to continue expanding in the coming years, further strengthening its appeal within the broader UAE market,” Eng. Khansaheb added.
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 USD 0.7 trillion by 2024. Between 2024 and 2028, an annual growth rate of 3.03% is expected, resulting in a market volume of USD 0.80 trillion by the latter year.
The Takaya development has been crafted with meticulous precision, ensuring maximum functionality and comfort and attention to detail meeting the highest standards of quality for residents. It is integrated with innovative smart building management systems that employ cutting-edge technologies to reduce energy consumption and operational costs. Upscale features of the development include – outdoor sports courtyards, leisure pool, kid’s pool, jogging track, kids play area, multipurpose rooms at each tower, an arcade lounge, co-working spaces, 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.
