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Dubai developer Union Properties attracts investors to a new project

Dubai developer Union Properties attracts investors to a new project

One of the largest developers of the UAE, Union Properties, presented a new project of townhouses to be built in Motor City Hills. The first stage of the project is the construction of three-story houses of 415 buildings. The developer has chosen a real estate agency that will be engaged in marketing and sales.

The new project will take the central part of the district. Three-story residential buildings will include spacious apartments with an area of 278 square meters. 4-room apartments will be suitable for large families. This is the second major project of the developer. In August last year, the company began to build Motor City Views. It will expand the housing stock of the metropolis by another 880 units.

Brisk demand for real estate shows sales growth, which has been observed since the beginning of 2021. This situation forces developers to be active in the construction industry. Detached townhouses and villas are in high demand in Dubai. Only in August, 2,599 sales contracts for off-plan real estate were concluded in the emirate. The transaction price was $1.34 billion. It is the highest figure in the field of off-plan construction since 2013.

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