Union Properties to Develop 'Takaya' in Motor City for $540 Million

In Dubai Motor City, Union Properties has begun construction on its AED 2 billion ($540 million) “Takaya” project. Takaya is the company’s most recent achievement in the real estate market of Dubai. It redefines sophisticated urban living and sets a new benchmark in the mid-to high-range segment, promising its residents extraordinary living experiences.

Built on a 436,175-square-foot plot with a view of the Dubai Autodrome, the mixed-use project will include a magnificent 500-meter retail boulevard. It consists of three residential towers housing 744 opulent yet reasonably priced apartments. Together with penthouses, townhouses, villas, and commercial space, it also offers competitive unit sizes (studio, 1, 2, and 3 BR) and pricing, making it a compelling choice in the market. It is anticipated that this flagship project will be turned over in Q4 2027.

Unlike other properties on the market, Takaya provides roomy living spaces along with an alluring post-handover payment schedule. The development promises to offer residents an opulent living environment complete with modern amenities and sleek finishes.

Novel and distinctive amenities

The launch ceremony took place at the Ritz Carlton DIFC, with Union Properties’ CEO and board member, Eng Amer Khansaheb, in attendance. Khansaheb emphasized during the event how the project exemplifies the company’s unwavering commitment to developing Dubai’s real estate industry. The Takaya project seeks to enhance the services offered to residents of Motor City’s master community in addition to providing new and unique amenities that will draw in investors and satisfy a range of consumer demands.

Khansaheb said: “The project 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.”

“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,” Khansaheb added.

Strong demand

Union Properties’ developments enhance the market value and status of Motor City by balancing out existing products and services. Over the past three quarters, Motor City has seen a noticeable acceleration of market momentum and a sharp increase in real estate transactions, per DLD data. Strong demand has been seen in Motor City for recently launched off-plan projects, which is good for the growth of property values.

The Takaya development has been painstakingly designed to meet the highest standards of quality for residents, with an emphasis on maximum functionality, comfort, and attention to detail. It is combined with cutting-edge smart building management systems that use cutting-edge technology to lower operating expenses and energy consumption.

The development boasts upscale amenities such as open-air sports courtyards, kid-friendly pools, leisure pools, jogging tracks, kids play areas, multipurpose rooms in each tower, arcade lounges, co-working spaces, movie theaters with audio visual equipment, and more. Also, a variety of retail stores, eateries, and other services can be found on the ground floor of each tower. There are 150 parking spots with EV chargers in the development.

Sustainable materials

“Union Properties” is making a significant effort to alleviate the problems caused by climate change and other environmental risks by prioritizing sustainability. The development’s utility costs are decreased, longevity is ensured, and the environmental impact is minimized through the integration of sustainable materials and designs. Takaya uses an expansive 450,000 square foot plot to create parks, a large central garden, and other green spaces. Its high-performance facades surpass green building guidelines in design.

In addition to sustainability, the company places a high value on healthy living. To this end, Takaya provides sports facilities in urban areas with limited open spaces, including jogging tracks, padel, basketball courts, lap pools, and squash courts. These amenities will be a major selling point in the years to come.

Investors and end users have even more cash flow flexibility with Takaya’s unbeatable launch payment plan, which is 40% due in three years after handover and 60% due within three years of construction. In addition to offering residents a sustainable savings option, Union Properties’ operational cost reduction efforts also foster value appreciation over time. With an eye toward the future, “Union Properties” is still motivated by its vision to design exceptional and one-of-a-kind residential communities and to transform urban living.

The company wants to achieve several lofty goals, including starting AED 6 billion worth of projects in the next 18 months alone. By adding to the vast property portfolio of the city, “Union Properties,” which has a strong commitment to excellence and a strategic vision, is well-positioned to take advantage of new opportunities and play a crucial role in Dubai’s thriving real estate sector.