ArabianBusiness.com - Middle East Business News
Tuesday, 02 December 2008 17:38 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

Union starts work on massive MotorCity project

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 06 October 2008
MOTOR CITY: An artist's impression of Union Properties' project in Dubai's motor-themed development. (Supplied)

Union Properties (UP) has announced plans to develop an area of five million sq ft of high street retail, commercial and hospitality in MotorCity in Dubai.

The project’s construction has started and is due for completion in 2010, company bosses said.

Simon E. Azzam, chief executive officer, UP, said the new development would include a total of 11 buildings in MotorCity, a development based on an automobile and motor sport theme that includes residential, business and leisure opportunities.

Story continues below
advertisement

“The new high street retail, commercial and hospitality areas will complement the existing residential, commercial and leisure components,” he added.

The retail area will comprise of a 600,000 sq ft space to include boutique outlets, anchor stores, department stores, food and beverage, hypermarket, fashion and fashion stores, jewellery, furniture and home accessories, entertainment and specialty stores.

Office space will cover an area of 1,550,000 sq ft for small to medium sized offices starting from 1,000 sq ft up to 10,000 sq ft. The hospitality space will account for boutique hotels and serviced apartments.

Print Print | Email Email | Discuss this article |


READERS' COMMENTS



Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

more » MIDDLE EAST MARKETS DATA

UPP.DFM

Last Price:

1.07

-0.02-1.83%

1 Dec 2008 09:58 GMT
(Market Closed)

CURRENCY CONVERTOR

RELATED LINKS

  1. Union Properties PJSC»

 EMAIL ALERTS

  1. Union Properties PJSC

  2. Construction & Industry



EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Dubai Lagoon chiefs vow: 'No more delays' 2
    02 Dec ' 08 at 14:57
    If any developer says they are not affected in this turmoil, it is a mere PR stunt, plain and simple!  More »
  2. $2.4bn plan revealed for Ras Al Khaimah 1
    01 Dec ' 08 at 18:40
    While the world is in a meltdown these guys have launched such a big project.No bank loans available !Who is financing them.... has...  More »
Read all user comments >

BUSINESS FEATURES

The importance of being free

Free zones are changing the way business is conducted in the region, says Shikha Mishra.

Surfing Muscat's Wave

The Wave is one of few residential development taking shape on the shores of the seaside town of Muscat.

Al Zorah set to soar in Ajman

The multi-billion-dirham coastal development in Ajman aims to preserve the natural topography.

BUSINESS INTERVIEWS

District cooling is a necessity

Fouad Youanan of City Cool says district cooling is a win-win situation for residents and developers.

Stiff competition ahead

The general manager for Harwal Group talks about the future of the region’s construction market.

Build it and they will come

Waleed Saffy, CEO of Bahrain’s Durrat Marina development, on the demand for more marinas.

MORE FROM ARABIANBUSINESS.COM