Union Properties, the master developer of MotorCity, says business park expansion is currently 30% complete
Union Properties, the master developer of MotorCity, has announced it is on schedule to deliver Dubai Autodrome Business Park phase 2 in February 2020.
The groundbreaking on the 100 percent pre-booked second phase of Dubai Autodrome Business Park, a purpose-built facility for racing teams and other motorsport related businesses, is currently 30 percent complete.
The project, launched in June, has a 95 percent completed foundation work and progress of 60 percent in the erection of steel structure, the developer said in a statement.
Ahmad Ibrahim, marketing and communications director at Union Properties, said: "The construction work of Dubai Autodrome Business Park expansion is on track and we expect to complete 50 percent of the project within the upcoming month as we commit to delivering it in Q1 2020."
Faisal Al Sahlawi, general manager, Dubai Autodrome, said: "We aim to continually support the motorsport industry in the UAE and the region. This project presents equipped facilities designed to serve this niche industry and our expansion efforts are driven by strong market demand and the success of Phase 1 of the Business Park.
"Adjacent to the 5.39km race circuit at Dubai Autodrome, the Dubai Autodrome Business Park project records a total investment of AED25.5 million and is part of Union Properties' development plans for MotorCity Phase 2."
Ibrahim added: "Securing a 100 percent booking of all our units before we begin construction reaffirms our successful strategy in supplying the right product in the market, and we are currently conceptualising the design development of Phase 3."
MotorCity by Union Properties offers a blend of entertainment, dining, and retail options within a pedestrian-oriented, multi-user environment. The master development encompasses six projects, including Avenue District, Dubai Autodrome, OIA Residence, Uptown MotorCity, Green Community MotorCity, and Business Park MotorCity.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.