By Andy Sambidge
UAE firm to develop 5mn sq ft of retail and commercial space in Dubai.
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.
“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.