Union Properties Dubai Announces Dh200 Million Profit Target
Union Properties Dubai, a renowned developer in the city, is making a significant return to the property market with a new off-plan project. The launch of Takaya, part of the Dh1.15 billion Motor City development, is expected to generate Dh200 million in profits. This marks the developer’s return to project launches after three years of financial restructuring and heavy losses.
Takaya: Affordable Residential Options in Motor City
The new Takaya units are priced starting from Dh750,777 for a studio, offering a flexible three-year post-handover payment plan. This affordable pricing and payment structure are anticipated to attract a broad spectrum of buyers. Union Properties is aiming to tap into the strong demand for mid-range residential options in Dubai, making Takaya a promising addition to the city’s real estate landscape.
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Motor City’s Established Market Appeal
Motor City has already become a sought-after community, especially for mid- to upper-mid residential buyers. With the launch of Takaya, Union Properties is positioning itself to meet the growing demand for affordable homes in this popular destination. The developer is confident that this project will resonate well with both investors and residents seeking quality homes in Dubai’s dynamic market.
Union Properties Dubai’s Strategy for Growth
Union Properties Dubai’s decision to return to project launches comes after a challenging period of financial losses and restructuring. The Dh200 million profit projection reflects the company’s optimistic outlook for the future. By focusing on affordability and quality, Union Properties is poised to regain its foothold in Dubai’s competitive real estate sector.
A New Chapter for Union Properties Dubai
The launch of Takaya in Motor City represents a major milestone for Union Properties Dubai. With the anticipated profit of Dh200 million, the company is on track for a successful year. This project not only symbolizes a commercial triumph but also marks the beginning of a promising new era for the developer in the Dubai property market.